Sign in
Sign in
Recover your password.
A password will be e-mailed to you.
Japanese defend dollar’s status while China tears it down
In the lead-up to next week’s G8 summit, the Chinese have been making yet more noises about setting up a new monetary system without the dollar as its anchor and leading reserve currency. The Chinese, who have maintained a export…
WaPo cancels paid White House-Congress-lobbyist hook up
Just when you thought things couldn’t get any more questionable in Washington, then along comes this (hat tip Tom). Washington Post publisher Katharine Weymouth said today she was canceling plans for an exclusive "salon" at…
Links: 2009-07-03
Economist's View: Tom Keene's "On the Economy" Econoblogger and economics Professor Mark Thoma talks with Bloomberg's Tom Keene. Reforming American health care: Heading for the emergency room | The Economist America’s…
Independence Weekend Massacre: 7 banks seized
Wow. The Feds sure know how to celebrate Independence Day. I went out for a couple of hours and four more banks were seized bringing the grand total to seven for the day and 52 on the year. Here are all the FDIC seizures for…
Failed bank 48: Rock River Bank
This is the press release from the FDIC. Deposits of only $75 million. Small banks are seized, big banks get bailed out, of course. Rock River Bank, Oregon, Illinois, was closed today by the Illinois Department of Financial…
Manhattan real estate now getting decimated
When we saw the Case-Shiller data for April on Tuesday, I noted that New York was the most overpriced metro area in the Composite-20 as prices there were still 70% above January 2000 levels. This is changing fast. Bloomberg…
Here’s bank failure 47: First State Bank of Winchester
Another tiny little bank. Deposits of $34 million. The First State Bank of Winchester, Winchester, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the…
FDIC Thursday Night Special? John Warner Bank
This is number 46 this year. Very small. Why not wait? Holiday weekend? The John Warner Bank, Clinton, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking,…
Is the new affordable FHFA loan program predatory lending?
Let’s say you’re an American named Maria living in Southern California. The year is 2006. You make $45,000 and your husband David makes another $40,000. You have two children aged six and four and your two-bedroom apartment is getting…
The weak employment situation summary for June 2009
The labor market in the United States lost 467,00 jobs in June. But this was just the headline number as unemployment rose to 9.5%. Unfortunately, the deep dive shows a situation that mirrors this weakness.
Establishment Survey…