News

While I don't agree with all the opinions expressed in the articles below, they are all still very good reads. Today, there is a lot more on politics. Warning: some articles may be controversial. Politics Why Jesse Jackson…

Earnings Wachovia Has Record $8.9 Billion Loss, Cuts Dividend – Bloomberg KeyCorp Posts First Loss Since 2001 After Tax Case – Bloomberg Fifth Third Reports $202 Million Loss on Higher Loan Defaults – Bloomberg…

EconomyGiven a Shovel, Americans Dig Deeper Into Debt - NY TimesStarbucks Gets Pleas Not to Close Stores - WSJCredit crunch hits Hollywood as banks get tough on funding films - Times OnlineThe Nation: Too Big to Fail? - NY TimesThe US: the…

Top StoryWhy No Outrage? - James Grant, WSJ (A MUST read.)Jim Grant: "Why No Outrage?" - Naked Capitalism (Yves' take on the article, you've seen mine)Financial ServicesBanks responsible for the loss of trust - LA TimesA Call to Ease the…

Financial collapse edges closer - Martin Hutchinson, Asia TimesMortgage squeeze tightens further - BBC NewsJim Bunning's Capitalism Pitch Is in Strike Zone: Caroline Baum - BloombergGoogle shares slump after ad warning - Irish…

Should William Poole Say "I Told You So"? - Economist's ViewUnderwriters braced for hit as HBOS slides - FT AlphavillePhony Accounting on Fannie, Freddie Rescue Legislation - Naked CapitalismEuropean Storms - Market MoversTo Walk Away or…

Recession-Plagued Nation Demands New Bubble To Invest In - OnionFed Steps Back From Imaginary Tightening Ledge: Caroline Baum - BlombergFinancier's Death Hints at Trouble for Lenders - WSJGoldman Is Queried About Bear's Fall - WSJJim…

After a brutal week in the market, my goal is to find enough positive stories to compliment the negativity that is the global markets. These round-ups mirror what is in the business press and economic blogs of importance and most of it…

Fannie and FreddieThe Fannie-Freddie Maelstrom Continues - WSJ MarketBeatThe Fannie and Freddie doomsday scenario - FortuneMcCain Says Fannie, Freddie `Vital,' Must Not Fail - BloombergKiss of death for Fannie, Freddie? -…

It's the economy, stupid Foreclosures' financial strains take toll on kids - USA Today It's All Over But the Dating for U.S. Recession: Caroline Baum - Bloomberg Los datos parciales hasta mayo apuntan a un crecimiento cero…