Credit Writedowns

Light posting today.  There may be more tonight. Citigroup ‘Lottery Ticket’ May Pay U.S. Lowest Return - Bloomberg.com Fed's approach to regulation left banks exposed to crisis - washingtonpost.com interfluidity » Norms of credit…

For the period leading up to the panic last year, I had been warning of a rather severe recession. My view at the time was that what was needed was a realignment of America’s industrial organization away from finance and housing where…

Hat tip Prieur du Plessis

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…

John Mauldin’s latest is about deleveraging and how this secular trend will drive the macro picture in 2010. The question is why? Read and find out. Also see A conversation with Bridgewater Associates’ Ray Dalio for another good commentary…

Note: this post originally was posted without correct attribution to Bill Mitchell, who writes a blog called Billy Blog where he had posted the thoughts now attributed to him below. Bill is a well-regarded Professor of Economics at the…

Great article in this week’s Barron’s featuring commentary from a number of distinguished market observers including our own Marshall Auerback and Baseline Scenario’s Simon Johnson (hat tip Barry Ritholtz). The last of the big banks…

Most Read Matt Taibbi: Obama’s Big Sellout The phony Senate health care reform bill Video: Ron Paul on Bernanke as Person of the Year Bank collapse in Austria brings debt in Eastern Europe center stage Standard Bank says…

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…