Today’s links are dedicated to the banking crisis in the U.S. and Western Europe and to posts from my econblogging brethren. Below are my links for the day divided into four sections.
Econbloggers
Why Did the Swedes Nationalize in Response to Banking Crisis? – Seeking Alpha
Ohio Governor Asks For Across The Board Union Pay Cuts – Mish
Ireland needs help – FT Alphaville
BBVA calls for single bank regulator – FT Alphavlle
FDIC Paves the Way to Covered Bonds – Housing Wire
Economists, ideology, and stimulus – Paul Krugman
Wall Street Voodoo – Paul Krugman
How to Waste $350 Billion – Yves Smith
Voodoo maths and dead banks – John Hempton
Zeitenwende sagt Adieu – Hansruedi Ramsauer
California: No Tax Refund for you! – Calculated Risk
Time to take the banks into full public ownership – Willem Buiter
Adrian Wooldridge Is… the Vicar of Bray! – Brad DeLong
More Arguments for Bank Nationalization – Felix Salmon
Crisis in U.S. and Western European banking
Spain’s Debt Downgraded by S&P as Slump Swells Budget – Bloomberg.com
Ruble Drops to Pre-1998 Crisis Low on 6th Devaluation This Year – Bloomberg.com
Commerzbank Posts Pretax Loss in the Fourth Quarter – Bloomberg.com
Barclays Bank comes out fighting against Treasury – Times Online
RBS losses set to reach record £28 billion – Times Online
HSBC snubs Government bank rescue scheme – Times Online
These Bailouts Won’t Work Either: Dr. Doom – CNBC.com
More Trouble Hits FHLB Branches – WSJ.com
U.S. Plots New Phase in Banking Bailout – WSJ.com
Crisis in Ireland
Ten weakest property markets in Ireland – Independent.ie
Bank of Ireland chief to step down – Independent.ie
Irish bank shares plunge in value – BBC News
Other Links
Thai Air Falls to 16-Year Low After Seeking Funds – Bloomberg.com
France to rescue car industry – Fin24.com