Seven banks seized by FDIC

This is the biggest weekend for FDIC seizures yet. Seven banks have been shut down. Below is the list of banks. Partners Bank, Naples, Florida (Stonegate assumes assets) As of September 30, 2009, Partners Bank had total assets of…

Why do bankers make so much money?

The following post is a re-post from Rick Bookstaber’s blog. Bookstaber is a market veteran who has long and storied history of achievement. He worked at Bridgewater Associates, ran the Quantitative Equity Fund at FrontPoint Partners and…

Links: 2009-10-23

The Problem is Not TBTF, but TDTR - Yves Smith TDTR means Too Difficult to Resolve Economist's View: "The Death-Defying Dollar" Long-term weakness but no collapse. Paul Krugman - The Chinese Disconnect - NYTimes.com…

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