Credit Writedowns

In case you didn’t see the video already of Kanye behaving badly, I posted it as my distraction of the day yesterday. Watch that video and you will be up to speed – pretty outrageous.  Below is a Kanye West-inspired dub over of the…

Wells Fargo fires executive who partied at repossessed Malibu mansion "For an executive at the US bank Wells Fargo, a repossessed $12m beach house in southern California proved just too tempting. The financial institution has fired…

Everyone is running with his or her own “Lessons from Lehman” post as if we have actually learned anything from the financial crisis – and as if it is already over and behind us. Well, I have some lessons learned for you via Dharma Joint…

Say I'm a politician and I am concerned about my re-election prospects in 2010.  I have been a member of Congress for seven years now and have developed a good reputation as a reform-minded economic realist willing to listen to a…

Below is a good video analysis by Jess Bravin of the Wall Street Journal on the BofA-Merrill Lynch saga.  Bravin discusses the recent rejection by Judge Jed Rakoff of the out-of-court settlement between the SEC and Bank of America…

Spain's Struggles Illustrate Pitfalls of Europe's Common Currency - WSJ.com "Could the divergent economic fortunes of euro-zone countries pose a problem for the currency union itself?" Economist's View: "For All Obama's…

Ron Paul was on CNN this morning talking about unemployment, the credit crisis, the Federal Reserve and a lot more.

Now that President Obama has signalled his willingness to punish the Chinese for dumping on tires, a whole host of other industries are likely to file their own ‘copy-cat’ complaints. Reuters says: President Barack Obama's decision to…

This comes via TheStreet.com and Doug Kass, a noted market strategist: Many strategists (both bullish and bearish) assume that a fair value P/E multiple -- based on interest rates and inflation -- rests at about 15.5 times. Averaging…

In 2002, the global economy was weak and equity markets around the world were at multi-year lows following the greatest equity bubble and bust in world history. Many policy makers including Alan Greenspan, chairman of the U.S. Federal…