Credit Writedowns

This is a video “discussing whether the Obama administration has intervened too much in business affairs, with Thomas Lauria, White & Case attorney and CNBC's Michelle Caruso-Cabrera.”  As GM has similar circumstances, the case is…

Schöner sterben mit dem "SZ-Magazin" " Stefan Niggemeier interessantes Gespräch über den Mangel an deutschen Bloggern, vor allem im akademischen Bereich Wells Fargo Gets $8.6 Billion in Stock Sale, More Than Planned - Bloomberg…

The loss rate here is about 30%, $100 million on $334 million in assets. Here is the FDIC press release: Westsound Bank, Bremerton, Washington, was closed today by the Washington Department of Financial Institutions, which appointed the…

In case you missed it, this is Tim Geithner talking stress tests this past Wednesday on Charlie Rose.

For you Star Trek fans, here is a little weekend preview of what to see.  It’s Star Trek vs. Wolverine at the box office this weekend.  It might be a nice break from stress tests and employment reports.  Enjoy.

Reuters is reporting that the dissident Chrysler lender group has disbanded. Apparently, the lenders have finally figured out that they have zero chance of getting what they want as I have been saying all along (see posts here and…

Bloomberg has the goods on Fannie and they’re not good. Fannie’s regulator wants $19 billion from the U.S. government because the firm has negative capital. Fannie Mae had $23.2 billion in losses last quarter alone. And it says losses in…

Below is a chart of the actual non-seasonally adjusted unemployment rates as calculated via the household survey. All of the unemployment rates are down from March to April. And the broad measure is down the most, from 16.2% to 15.4%.…

Marshall Auerback here with a few thoughts about the monetary policy end game. Bernanke has to continue to make hawkish comments about inflation so as to avoid a complete blow out in bond yields, but the the dirty little secret is…

The Employment Situation Summary for April was released today by the U.S. Department of Labor and the headline data was right in line with estimates.  The unemployment rate came in at 8.9%, up from 8.5% in March. Job losses for April were…