News

DC – Winters (a historical perspective of winters in Washington as we have seen record snowfall the past two days) NBA Player Fined $7,500 for a Tweet - Mashable The filibuster: let's talk about it - James Fallows Managers chief…

Risk, reward and responsibility: The financial sector and society | vox The financial crisis and Europe’s financial trilemma | vox Good Thing the U.S. is Getting Into Commercial Real Estate - Paul Kedrosky The Fed Can Help, But Fiscal…

This is bank failure #140 and it has $6.1 billion in assets. First Federal Bank of California, a Federal Savings Bank, Santa Monica, California, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit…

They keep coming and this one is big. It is #139. Capital Bank, La Jolla, California Imperial Capital Bank, La Jolla, California, was closed today by the California Department of Financial Institutions, which appointed the Federal…

I will be out for most of the day, so posting may be light.  Tonight it will snow in DC and we may get a foot by Sunday. I hear it has snowed in London too. Exciting stuff. Pain in Spain (not mostly on the plain) Pain in Spain -…

Strategic Default interfluidity » Strategic default and the duty to shareholders Luxury-Home Owners in U.S. Use Short Sales as Defaults Rise - Bloomberg.com    interfluidity » Strategic default: a soldier’s…

When asked about monetary policy by Sen. David Vitter earlier this month, Ben Bernanke gave the following response. The public’s understanding of the Federal Reserve’s commitment to price stability helps to anchor inflation expectations…

Philly Fed factory activity at 4-1/2 year high | Reuters Democrats' Blues Grow Deeper in New Poll - WSJ.com BBC News - Irish Republic out of recession as GDP grows BBC News - Citigroup shares sale planned by US government…

Steven Pearlstein - Out from under TARP, banks are now free to fail again - washingtonpost.com France Matches U.K. With 50 Percent Bonus Tax - DealBook Blog - NYTimes.com FT.com - End bankruptcy priority for derivatives, repos…

The importance of attractiveness depends on where you live - Science Daily Howard Dean: Health Care Bill 'Bigger Bailout for Insurance Industry Than AIG' - ABC News Google Contacts Can Kill Duplicates in Bulk - Lifehacker…