Credit Writedowns

Independents like myself who support Barack Obama and Democrats are busy trying to tear down John McCain's surprise pick for Vice President. They say she is less qualified than many other potential candidates that McCain could have…

Today, we have some interesting posts on personal finance, politics and technology. As well, I add in the usual line-up on the economy, housing, and the finance sector. Definitely read the articles on dream houses. Very nice places.Dream…

In the US, the Republican National Convention has begun and as we prepare to watch the presumptive Republican nominee for President, it bears noting a little background into his character and past.One reputable source of background material…

Today's news round-up will focus on articles in three subject areas: housing, the economy, and currencies. Enjoy!Top StoryHSBC says super-rich clients moving into cash - Reuters (do they know something we should know?)Global housingThe…

From the Guardian:

In Germany, there are two major concerns at the momentThe biggest banking merger in Germany's history involving their #2 and #3 banks and Germany's largest company AllianzThe slowdown in the economyCommerz-DresdnerFirst is the…

The Danish economy has officially left recession, marking a growth rate of 0.6% for the second quarter of this year. In the midst of much doom and gloom for the eurozone, this is a positive development. More news expected. See other…

In the biggest German banking merger in history, Commerzbank, the third largest in Germany, has reached an agreement with Allianz to buy its banking subsidiary Dresdner Bank, Germany's second largest, beating out an alleged better bid from…

Originally, I thought I might say something here about Joe Biden or Sarah Palin. But, I'll give the politics a rest and wait for more information, especially on Palin, before I take a stab. He goes....Alice Cook at UK Bubble does a good…

Another Friday afternoon massacre claims another failed U.S. bank. This time the bank was in Georgia. Integrity Bank of Alpharetta, GA had $1.1 billion in assets. As is FDIC custom, the announcement wasn't made until after markets had…