News

Lawrence Summers on the Crisis - NY Times Vacancy on the Supreme Court? - Political Wire Stress Test Zombies: Not Too Big To Fail? Tough Tootsies Little Banks! - Chris Whalen There's nothing unique about Jim Cramer - Salon Yes,…

Buffett’s Berkshire Has AAA Debt Rating Cut by Fitch - Bloomberg.com This is HUGE! If Berkshire is not AAA, no financial services company is. Wow. Business As Usual - Baseline Scenario (must read - the bankers have won) When will…

Glencore buys back debt - FT Alphaville The fix is in! MTM Accounting Deal On The Way. - Option Armageddon Greenspan Forgets Where He Put His Asset Bubble: Caroline Baum (My take on a re-post is here: The Blame Asia Meme) Climate…

Guest post: A few thoughts about the banking crisis response in the United States - naked capitalism (This is a submission I did over at Yves Smith's blog. I forgot to add it to the links originally.) Don't Fall for Citigroup's Fantasy…

Predictions Whitney says credit cards are the next credit crunch - Reuters (I have also predicted that this would occur) S&P to bottom at 600 points in October: Merrill (More Predictions, this time from David Rosenberg)…

Three more Obama nominees withdraw from running - Telegraph (hat tip Michael) Returned to TARP - FT Alphaville R.B.S. Seeks to Unwind a Decade of Deals - Deal Book - NY Times Geithner, With Few Aides, Faces Challenges - Deal Book -…

Bank nationalisation 'not needed' - BBC News Goldman CEO opposed to full bank nationalization - Reuters No Doom, Just Gloom - David Levy, Barron's How Severely Will Asia Be Affected By the Global Recession? - Roubin's RGE Monitor…

Historic P/E Ratio for the S&P 500 Hat tip Barry Ritholtz Backdoor Bailouts for Goldman Sachs? - Barry Ritholtz Former Australian Prime Minister Savages Geithner's Performance in the Asian Crisis - Yves Smith Do not rely on…

Economist's View: "Ridding Ourselves of the Zombies" Wall Street on the Tundra - vanityfair.com Ford Equitizing $10.4 Billion In Debt - Tyler Durden Follow the money to see Hungary's plight - BBC News FDIC Insurance Fund May Run…

Treasury Loan-Modification Guidelines - Real Time Economics The unfortunate uselessness of most 'state of the art' academic monetary economics - Willem Buiter New York Tenants Could Benefit From Foreclosure - NY Times Property:…