Monetary System – Page 25 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

How Germany can avoid TARGET2 losses if the euro zone breaks up

FDIC: 8.2% of U.S. households are unbanked, 29.3% do not have a savings account

Chart of the day: Breakdown of 1 trillion euros in European bank NPLs by country

Chart of the Day: Public deficits and private savings in the euro zone

Banks run into ownership problems in collecting on credit card debt

The Perversity of Economics’ “Culture of Fraud”

Greenspan’s Silver Anniversary

Did Draghi act on his own?

Draghi’s plan: Rescue fund to buy bonds on primary and ECB on secondary market

Sandy Weill repudiates his pre crisis legacy, calls for re-instituting Glass-Steagall