Credit Writedowns

An increasing number of countries are recording negative year-on-year inflation numbers. I reported first on Spain, then on Switzerland.  Add the U.K. to the list as well. Deflation returned to Britain for the first time in nearly five…

The Bloomberg video below makes it seem that Whitney believes the stress tests are a sham. She says the tests are a theoretical exercise whereby banks ask: "what will our earnings power be in two years after we sell off these 'toxic'…

Willem Buiter's Maverecon - Remembering Eddie George Willem Buiter recounts some personal tales from the late Bank of Egland Governor's life. Fujitsu’s Self-Desctructing USB Drive for Leak-Proof Secrets » My Digital Life This is…

Nearing 100- Katrina Vanden Hevel, The Nation This is a fairly even-handed look back at Barack Obama's first months as President and his prospects going forward Financial Innovation for Beginners - James Kwak How the CDS…

Lifehacker - Gmail Adds Suggested Recipients - Gmail The significance of Obama's decision to release the torture memos - Glenn Greenwald - Salon.com Libor Caps Longest Drop Since November on Bank Gains - Bloomberg.com…

From the FDIC website. More information available here: Great Basin Bank of Nevada, Elko, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.…

Small banks are going bust at a pretty good clip.  Apparently, there is no free ride for the likes of American Sterling Bank.  Its deposits were acquired by Metcalf Bank as the FDIC took it into receivership a.k.a nationalized it.  But, of…

Bring In The Antitrust Division (On Banking) « The Baseline Scenario Obama won't charge CIA interrogators - Josh Gerstein - POLITICO.com Unconscious thought precedes conscious | Incognito | The Economist Bringing up baby…

This comes from French-language Swiss daily Le Temps: Over 50% of respondents in Geneva surveyed by the HEG School of Management believe that the bankruptcy of a large institution is likely. The Swiss political world is clearly…

I have gotten two kind notes that the feed is screwy again, posting links multiple times. Who do I blame? Feedburner of course. I have solved the problem but I would love a nice way to get away from Feedburner. They are really a…