You have to respect the chutzpah behind this. Audacious
Banks are getting capital everywhere.
Barrons thinks they could get 125K by next year
Its not just HRE, but Landesbanken too. Very important piece.
Jim the Realtor’s view on foreclosures
First bank to buy back government warrants
Goldman got theirs, so let’s get ours too.
Writing down Wachovia loan book helped.
Good read.
Illinois rules it was unfairly demoted.
Gerrard is team captain.
Record profits but huge charge-offs.
Look back at 1990s OTC derivatives. Hat tip Yves Smith.
Serious seasonal adjustment problems.
Are the Chinese preparing for Yuan dominance?
An indictment of TV News and the political consensus.
REO and foreclosure tours in Spain too.
Merging a weak bank with stronger one? Sounds very Japanese.
Contrast Nordea and Handelsbanken’s results with SEB and Swedbank’s. The difference is the Baltics.
Key test for this rescue program
Let’s see how relations with Russia now change.
Why did they repay TARP funds again?
How are we going to deal with too-big-to -fail banks?
Extorting a near-bankrupt company
He was suspected of stealing the next gen prototype.
"…the United States government is mistakenly assuming that it can borrow essentially unlimited sums without undermining confidence in the dollar itself." Hat tip Yves Smith
Distraction of the Day: Fired because of wife’s occupation