Browsing Tag

accounting

Writedown News: 12 November 2008

The big news this week is that writedowns have moved near trillion dollar territory. As all of the banks report earnings and come clean about losses, the figures are staggering. The largest writedowns came from the GSEs with Fannie Mae…

Writedown News: 5 Nov 2008

This past week I have been particularly distracted by the political headlines in the run-up to the U.S. Presidential election, so I apologize if I have missed a few stories in the financial press.The writedowns do continue unabated and we…

Credit crisis timeline updates

I have not posted all day because I have been spending most of the day doing site maintenance -- importing the data from the credit crisis timeline into a database, which will make it a lot easier to update, backfill and make changes to the…

Writedown News: 28 Oct 2008

This week, I can practically repeat what I said last week verbatim - so, I will.Writedowns continued unabated despite the easing global credit markets. While we should see a bear market rally due to this easing, the ill effects of a global…

Writedown news: 21 Oct 2008

Writedowns continued unabated despite the easing global credit markets. While we should see a bear market rally due to this easing, the ill effects of a global recession and new concerns in emerging markets and Asia will cause writedowns…

Writedown news: 15 Oct 2008

My last post's title "The panic is over" was a bit cheeky given the Dow was down an astounding 700-some points today. The crux of the matter is continued economic weakness due to slowing consumer spending. And that means more writedowns…

Writedown news: 7 Oct 2008

As I do every week, I am updating you with links to important news in the credit crisis. These links are compiled in my credit crisis timeline, which is the most comprehensive list credit crisis links on the Internet.However, one big hole…

Writedown news: 30 Sep 2008

For me, the most important events of late have been the European banking sector meltdown. Just last week, German officials were lecturing the UK and the U.S. about their banking systems and now we see a number of European institutions…

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