Credit Writedowns

'Stoned wallabies make crop circles' - BBC News "Australian wallabies are eating opium poppies and creating crop circles as they hop around "as high as a kite", a government official has said." Is an Ugly…

Love him or hate him, Michael Jackson was an extraordinary performer. His death is as shocking as Elvis’ 32 years ago. Rest in peace. Here are some videos I got via Mashable. Tragically, Farrah Fawcett has also died. Rest in peace.

In case you missed it, Federal Reserve Chairman Ben Bernanke was on Capitol Hill this morning making his caseregarding the Bank of America – Merrill Lynch deal.  The Chairman stated in unequivocal terms that he did not pressure…

Here’s a conspiracy theory for you.  As I am not much of a conspiracy theorist, I ill keep this one pretty simple. Here’s the chain of events. Back in late September when the world was falling apart, Ben Bernanke, Tim Geithner and Hank…

What I was afraid of - Paul Krugman As I also predicted, Obama's stimulus package is now looking inadequate. Volcker Gets Less Than He Wants in Curbing Wall Street Excesses - Bloomberg The title says everything, doesn't…

Initial Jobless claims rose in the latest week to 627,000 from a revised 612,000.  Continuing claims also rose to 6,738,000, demonstrating that the job market in the U.S. remains weak. Now, back in April and May, I made a big to-do about…

During Alan Greenspan’s tenure at the helm of the Federal Reserve, he was often accused of using monetary policy to target asset markets so as to keep the party going.  In short, Alan Greenspan was seen by many, including myself, as the…

Congressman Darrell Issa (R-CA) claims to have evidence supporting Ken Lewis’ original contention that he as threatened by government officials for contemplating pulling out of the BofA-Merrill deal.  Let’s review.  Two weeks ago,…

Just last week, we saw a parade of banks exiting the dreaded TARP program set up last year by the U.S. government and used to temporarily recapitalize the U.S. banking system.  The banks were able to do so in no small measure because…

I was catching up with some of my reading when I happened across a quote from 1930 twice, which led me to write this post on how poor the Obama reform agenda really is. And I want ask you: is Obama Change you can believe in? The first…