News from around the web: 2009-08-07
Being in Canada, I am interested in these stories.
Failed bank 71. Assets of $97 million
Bank failure 70. Assets of $463 million.
Net income of $768 million is leagues better than Fannie
This does look like Michael. Hat tip Steve.
Fired by the Grey Lady for hawking dodgy financial wares.
Controversial, for sure. Goldman and Bernanke as enablers/stokers of bubbles.
Plant jointly operated with GM.
Another way banks get their money
I wonder what extreme-value theory says about stocks right now.
This is my pop culture contribution for the day.
This looks to be a very good sign.
Twitter was down all day Thursday from a directed denial of service attack. Speculation now is it was a result of an attack on a specific person and related to the problems between Russia and Georgia.
Stiglitz says more stimulus is needed. Thoma says that is not politically feasible. I agree
Beautiful houses way uptown on West 130th Street
There are definite bright spots. Hat tip Mark Thoma.
This is the line I found most interesting: "If the administration really wants to put the economy on a path to sustainable bubble-free growth, it looks increasingly likely that it will want to replace Bernanke when his term is up early next year."
Is the Fed really monetizing debt or is this disinformation?
Blast from the past – Fannie Mae: here are a few posts from 2008 on Fannie Mae in light of their monstrous Q2 losses.
- Question: How is Fannie Mae a AAA company? (May 2008)
- Fannie and Freddie need $75 billion (July 2008)
- How many AAA companies fall 80%? (July 2008)
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