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Credit Writedowns is a blog that updates you with the latest on finance, economics, markets and politics. If you sign up for our daily newsletter, you will receive daily emails from us on those topics. You can unsubscribe at any time. To…

Today is September 11th. This date should always be remembered as many lives were lost in senseless and malicious acts of violence against innocent civilians. My personal life was shattered by the events of 9/11 so this date will always…

I was recently called out on missing the details of the FDIC's list of 117 'problem' banks. In a post on the OTS' agreement for regulatory supervision of Washington Mutual, I incorrectly stated that NCC was on that list and inferred that…

It's time to get positive. A good friend of mine from Toronto was telling me today how depressing the drip-drip of bad news regarding the economy, the markets and housing is becoming. The housing bust has been going on for nearly two…

I am happy to announce that I am going to feature a guest blogger every week at the weekend. My guest host will be none other than Marshall Auerback of Prudent Bear fame.Many of you may recall, Marshall wrote the international column at…

Hi everyone. Just a little admin here. Graphs and charts You probably noticed in my posts on U.S. jobless claims and inflation that my graphs were looking MUCH improved. Well, I have been reading Tim Iacono's site and have always…

Hello readers!I have some admin news to update you on. A few months ago, I migrated my site over to a new URL and I have not updated my RSS feed to reflect the new address. I know that many of you look at my blog via RSS Feeds or e-mail.…

The day has finally arrived. It's August and time for a holiday in the sun. I am off with the family for a little rest and relaxation through next week. I will be blogging intermittently, so please check back in.Have a great week.

Just because the financials are in for a few further rounds of pain doesn't mean that quality financial institutions in the U.S. don't exist. There is a stark difference in the level of risk some institutions took during the heydays of the…

Dear Readers,In honor of Memorial Day and the Bank Holiday in the UK, I have given my blog a bit of a makeover. The look and feel is quite different. Hopefully, you find it easier on the eyes and better for navigation.The title has changed…