April 2009

Nearing 100- Katrina Vanden Hevel, The Nation This is a fairly even-handed look back at Barack Obama's first months as President and his prospects going forward Financial Innovation for Beginners - James Kwak How the CDS…

Lifehacker - Gmail Adds Suggested Recipients - Gmail The significance of Obama's decision to release the torture memos - Glenn Greenwald - Salon.com Libor Caps Longest Drop Since November on Bank Gains - Bloomberg.com…

From the FDIC website. More information available here: Great Basin Bank of Nevada, Elko, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.…

Small banks are going bust at a pretty good clip.  Apparently, there is no free ride for the likes of American Sterling Bank.  Its deposits were acquired by Metcalf Bank as the FDIC took it into receivership a.k.a nationalized it.  But, of…

Bring In The Antitrust Division (On Banking) « The Baseline Scenario Obama won't charge CIA interrogators - Josh Gerstein - POLITICO.com Unconscious thought precedes conscious | Incognito | The Economist Bringing up baby…

This comes from French-language Swiss daily Le Temps: Over 50% of respondents in Geneva surveyed by the HEG School of Management believe that the bankruptcy of a large institution is likely. The Swiss political world is clearly…

I have gotten two kind notes that the feed is screwy again, posting links multiple times. Who do I blame? Feedburner of course. I have solved the problem but I would love a nice way to get away from Feedburner. They are really a…

On the back of a decent quarter at JPMorgan Chase, CEO Jamie Dimon has signalled his desire to repay government money as quickly as possible and remove the strings attached to that money.  Dimon has often said that JPMorgan Chase did not…

Jobless claims in the U.S. fell to a three month low of 610,000 on a seasonally-adjusted basis in another clear sign that fewer people are filing for jobless claims than early in the year.  Nevertheless, 600,000 more filed for claims this…

I am sure you have seen the catastrophic financial results of Swiss bank UBS released this week. I have been saying for quite some time that UBS is too big to fail, but also too big to bail for tiny Switzerland. In my view, the recent…