Credit Writedowns

I mentioned comments by former Morgan Stanley economist Andy Xie on reckless monetary policy earlier today. Below are interviews Xie gave with the Financial Times in Shanghai back in September which give a more comprehensive look at his…

Medics respond to emergency call at Tiger Woods' home - The Globe and Mail (This thing is really out of control) Knesset passes biometric database bill - Israel News, Ynetnews (Big Brother will not let you escape.) Back to…

This piece comes from Sam Stein at the Huffington Post The allegation of a quid pro quo was based on an email that Durbin received last spring after his amendment to allow judges to modify mortgages for homeowners who enter bankruptcy…

Greece has been downgraded by Fitch Ratings to BBB+ over concerns about its budget deficit. Despite the cut, Fitch maintained a negative outlook on the country’s ratings, meaning it could fall further in the near future.  This action…

Andy Xie believes ultra-low interest rates in the U.S. and elsewhere are fuelling an asset price bubble which will pop dramatically in 2012.  In his view, the policies of the world’s central banks are reckless and will lead to worse…

From Politico’s Ben Smith, quoting a healthcare insider: We WIN… Administered by private insurance companies. No government funding. No government insurance competitor. Forget about the politicians. This statements speaks more loudly…

That is the question Newsweek asked of the Democratic Congressman from Massachusetts in charge of banking reform efforts in the U.S. House of Representatives in an interview.  Rather than answer the question fairly, Frank attacked the…

Pollster.com: Obama as Reagan FiveThirtyEight:: In Polls, Much Opposition to Health Care Plan Is From Left The Most Underreported Health Reform Story : CJR Don't Underestimate the Power of the iPod Touch in the Smartphone War…

China Lending Boom May Hamper Banks Asset Quality, BIS Says - Bloomberg.com Citi seeks government nod to repay taxpayers: report| Reuters BBC News - Banks criticise plans for windfall tax on bonuses FT.com - Bankers had…

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