Credit Writedowns

In the wake of news about President Obama’s new Too Big to Fail Tax and Barry Ritholtz’s post on it, I had an in-depth conversation on the issue with a whole group of people, including Barry. Most of the group was all for the tax.  I…

From the U.S. Department of Labor: In the week ending Jan. 9, the advance figure for seasonally adjusted initial claims was 444,000, an increase of 11,000 from the previous week's revised figure of 433,000. The 4-week moving average was…

FT.com – A history of Google in China BBC News – China property prices accelerate Why do people 'play the longshot' but buy insurance? It's in our genes U.S. 2009 foreclosures shatter record despite aid| Reuters "I…

Companies that American taxpayers had to bail out with billions of dollars use that money to reward their employees with bonuses.

David Letterman is having a field day with the uproar over at NBC. Below are four videos of him poking fun. Enjoy. Top Ten Opening Monologue More Fun for Letterman Leno Victims Unit

Op-Ed Contributors - Questions for the Big Bankers - NYTimes.com Enough With The Government Cover-Ups - Forbes.com interfluidity - Links on inequality and the macroeconomy Demand overwhelms program to prevent homelessness |…

On a number of occasions, I have pointed to the sectoral balances model of finance to help demonstrate what happens when the government sector runs a deficit or a surplus. A recent article in the Financial Times by Martin Wolf on Japan’s…

FDIC Chairperson Sheila Bair has released her own proposal to compete with a recently floated proposal for a tax on bank compensation.  Her proposal calls for linking compensation with FDIC insurance levies as a means of aligning…

This comes from Kiplinger (click to enlarge). Not only does this graphic break down where the trouble spots are for jobs today, it gives you a historical perspective as well. It looks like the Southeastern seaboard and the west coast are…

Reuters reporter Matthew Goldstein has this breaking story: It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the…