Credit Writedowns

Warren Buffett answers questions from viewers on CNBC. He talks about his investment philosophy and recent stock picking performance. He bought ConocoPhillips at the top. And he made poor investments in Irish banks. About Wells Fargo, he…

Warren Buffett spoke with CNBC about the U.S. economy and the banking system in an interview televised this morning. His basic message was that the economy cannot function without confidence in the banking system. The FDIC can work its…

A video from Saturday Night Live.

Bank nationalisation 'not needed' - BBC News Goldman CEO opposed to full bank nationalization - Reuters No Doom, Just Gloom - David Levy, Barron's How Severely Will Asia Be Affected By the Global Recession? - Roubin's RGE Monitor…

Rohatyn, a Democrat, talks about the role of government in crisis, infrastructure spending and lessons from New York City's near economic collapse n the 1970s from his perspective. Royatyn is widely credited with saving New York City from…

The quote of the day comes from Marc Faber via Fleet Street News: Meanwhile, the cop who had the Wall Street beat when the biggest heist in history was going on... and who engineered the loans to AIG and GM... is now the chief of police.…

Graham Secker, a well-known equity analyst at Morgan Stanley who covers U.K. equities has warned that profits for U.K companies could drop by 60%, peak to trough. This would put make this downturn even worse than the 1930s.

In keeping with my the-sky-is-not-falling meme, I want t present yet further evidence that major market bears are increasingly seeing this market as a stock picker's dream. We're talking about Steven Leuthold, Bill Fleckenstein, Fred…

This prediction does make for a scary headline and gets Louise Yamada some buzz. But, Yamada is a technical analyst and is saying absolutely nothing about the fundamentals here. You should also note that Jeremy Grantham has said similar…