Credit Writedowns

Below is the video clip of U.S. Treasury Secretary defending his bailout plan which the likes of Paul Krugman have called "a plan to rearrange the deck chairs and hope that that keeps us from hitting the iceberg." The investors'…

This comes via Edward Hugh at "A Fistful of Euros": The governing council of the Bank of Spain has taken the decision to intervene in the operation of the Caja after carrying out an analysis of its financial position, thus taking as read…

Mauldin on Housing? - CR This points out the problems with data analysis during this difficult downturn (hat tip stiletto heels) The New Hard Times - NY Times Video hat tip Barry Ritholtz 'Moshi-moshi' recession - Japan Times You know…

This weekend has seen two major European financial institutions forced into the hands of government and a third on the verge of major new asset writedowns and job cuts. The events highlight the fragility of European banking and the need…

This comes from Alan Abelson at Barron's talking about seasonal adjustments for February data:   The misleading figures cut across a wide swath of the economy, encompassing housing, manufacturing, employment -- you name it. The…

Toxic Asset Plan May Appeal Little to Banks on Write-Down Rule Two Graphs That Tell It All On Spain - Edward Hugh A New Kind of Bank Stress Test -- John Lousbury YouTube - Hey Paul Krugman (A song, A plea) this is funny stuff.…

This video from yesterday's Council on Foreign Relations symposium gives Treasury Seretary Tim Geithner a chance to explain why he has constructed his bailout plan in the way he has. Rather than editorialize the video, I will provide it…

I hope you all have a great weekend. Here is a clip from a new film you might want to take the kids to see. Enjoy.

This just in from the FDIC. Another Friday night special: Omni National Bank, Atlanta, Georgia, was closed today by the Office of the Comptroller of the Currency, which then appointed the Federal Deposit Insurance Corporation (FDIC) as…

Recently, I posted a Wall Street Journal article that suggested smaller banks and new banking enterprise can supply the lion's share of additional credit needed for the U.S. banking system. While President Obama is off meeting the heads of…