financial news

Our quarter-century penance is just starting - Ambrose Evans-Pritchard, Telegraph All that has happened over this crisis is that huge private losses have been dumped on society: but the losses are still there, smothering the economy.…

FDIC: Failed Bank Information - Bank Closing Information for Affinity Bank, Ventura, CA As of July 10, 2009, Affinity Bank had total assets of $1 billion and total deposits of approximately $922 million. In addition to assuming all of…

"We Spent $13 Trillion And These Banks Are STILL IN THE CRAPPER!" Since the government gave banks relief on mark-to-market accounting and the "stress tests" helped engineer a big round of capital-raising last spring,…

July U.S. new home sales jump most in four years Sales increased 9.6%, the most since February 2005, to a 433,000 annual pace, figures from the Commerce Department showed Wednesday in Washington. The number of houses on the market…

Atlantic Wire: Pundit Survey: The Landscape of Bernanke Opinion Which Bernanke are we getting for the next four years--the financial hero, or the oblivious professor who will allow another crisis to bloom? And why were we told so far in…

My Healthcare Links page is now up. The list is a work in progress.  My idea is to have a central place where one can get up to speed with various relevant issues related to the healthcare reform debate. While I am generally…

I intend to post a “Healthcare Links” post later today.  I am modelling on my Credit Crisis Timeline. But, the purpose is to present a fairly good distribution of informed articles on the health care reform debate.  I don’t agree…

A Cul-de-Sac of Lost Dreams, and New Ones - NYTimes.com For a few precious weeks this summer, all eight houses on this cul-de-sac about 60 miles east of Los Angeles were occupied, but the housing bust that has come to define the…

European Stress Tests Led Swedbank to Offering - DealBook Blog - NYTimes.com Carl Eric Stalberg, chairman of Swedbank, told Svenska Dagbladet in an interview published Friday that stress tests conducted by the central banks, financial…

German economic recovery powers ahead - FT The purchasing managers’ index for Europe’s largest economy jumped to 54.2 in August, from 49.0 in July, signalling an unexpectedly brisk pace of expansion. The growth was driven by the service…