credit cards

Meredith Whitney was on CNBC in London this morning. She concentrates her comments on mortgages and banking. She sees the winter lull as a harbinger of renewed softness in the housing market. Note: the FOMC statement today reiterated the…

The video below from the Wall Street Journal gets at the heart of why the bailouts have been so toxic for the economy. Banks, still laden with existing bad loans to small businesses, are unwilling to make new ones. Businesses, unable to…

Chilean Quake Likely Shifted Earth’s Axis, NASA Scientist Says - Bloomberg.com Strong demand for 30 year gilt auction | Business | guardian.co.uk GM to recall 1.3 million cars in North America FT.com / Europe - Spanish jobless rate…

AIG posts $8.9 billion loss | Reuters CDS demonization watch, Greece edition | Felix Salmon Get a Credit Card Through Credit Unions and Small Banks to Save – Credit Cards – Lifehacker Welcome to the revolution Mr. Weidner – Abnormal…

If you didn't know, new credit card rules just came into effect. Jon Stewart has a pretty funny take on the industry. Make it rain, Bank of America, make it rain (credit card fees, that is)! Also see Learn How Canceling Credit Cards…

Today, I received a press release from the complete list of federal government regulators of the financial industry which all but ordering banks to lend to small businesses. Clearly, regulators are concerned as comments by Marc Chandler…

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman has an alarming note out this morning on economic policy.  I take notice because Chandler usually writes in more nuanced and non-apocalyptic tones.  For…

This is a post which I originally published at New Deal 2.0. Ed mentioned yesterday in his post Credit crises, market equilibrium, economic policy and fiat currencies that both the neoclassicals and the Obama Administration believe the…

This quote from Caroline Baum sums things up pretty well about the Fed's complicity in blowing a massive bubble in housing and in stocks before it. I know Bernanke has given this issue a great deal of thought and devoted the Fed’s…

This comes via the FT: Latvia’s prime minister has warned Swedish banks they risk choking off recovery in the Baltic state’s crisis-hit economy unless they resume lending. Banks such as Swedbank and SEB, which dominate the Latvian…