crisis

You may have seen Ed's post "Gillian Tett: Washington is talking to Swedes about banking crisis solutions" a week back about how the U.S. government was getting ready to talk to Swedish officials regarding the banking crisis. This is a…

Today, I want to make the case for seeing writedowns as central to this global downturn. To do so, we need to rewind and compare what is going on today with what we have experienced in the past. Drawing on this comparison, I can…

This is a post I wrote last week on naked capitalism. In any banking crisis, the central question always is: which financial institutions now operating are insolvent, how can we identify them and remove them from the system, and how can…

Everyone is talking about marking to market as if its elimination is a silver bullet. So far as the economics goes, I am not sure that mark to market is such a big deal. The whole point of the banks is to make loans and hold them. Look at…

Gillian Tett has written in the Financial Times that the Obama Administration is no talking to the Swedes directly about their solution to the credit crisis, suggesting a openness to potential banking crisis solutions. Next week, Bo…

While everyone seems to be shedding assets, Citigroup included, BBVA seems to be doing relatively well. If they are as strong financially as they indicate despite Spain's crashing economy, antitrust concerns aside, Banamex would be a good…

Hear the U.S. Treasury Secretary describe his thinking about all of the issues facing the United States and its banking system during this financial crisis in this interview with Charlie Rose.

Most ordinary Americans feel a certain sense of rightoues indignation about the helping hand the U.S. banking industry is receiving from government. This sense of aggrievement is only made worse by suggestions that governemnt is not only…

The following is a post from the site Euro Intelligence, published just 5 days ago regarding the Swedish solution to the banking crisis. I am providing this version with the author's permission, who should be credited with much of the…

This account bears remembering because we can see the 1929-1933 descent as a two-part episode, with the second part starting here. It should be noted that there were a lot of positive economic signs before the Creditanstalt ruined this.…