financial news

Moodys pone en perspectiva negativa cdulas hipotecarias de Bancaja y CAM - Finanzas Moodys is downgrading Spanish savings banks. There is still significant weakness in the financial sector in Spain. The Spanish desperately want a…

Unfortunately I was out this weekend and did not post the 5 bank seizures by the FDIC on Friday.  They are below in the links. China's banks are an accident waiting to happen to every one of us - Ambrose Pritchard-Evans, Telegraph…

Bank of NY Mellon sees writedowns, 2009 profit: report - Reuters This is what I expect many banks to be saying later this quarter. Is Obama Edging Towards Bush-Like Indefinite Detention? - Michael Scherer, Swampland…

'Stoned wallabies make crop circles' - BBC News "Australian wallabies are eating opium poppies and creating crop circles as they hop around "as high as a kite", a government official has said." Is an Ugly…

What I was afraid of - Paul Krugman As I also predicted, Obama's stimulus package is now looking inadequate. Volcker Gets Less Than He Wants in Curbing Wall Street Excesses - Bloomberg The title says everything, doesn't…

I have bee off for a couple of days but plan on returned to full force later today.  Here are the links from the past few days minus tech and blog-related items.  If I have a lot more links, I will post them this evening. El…

Public Support for the Public Option - 538 More evidence that the American public supports a public plan Obama’s Make-or-Break Summer - Frank Rich, NYTimes Forget the first 100 days. Obama's test begins now. Is it…

Moody’s Joins S.& P. in Warning on California Debt - Deal Book Always late to the party. The Plaza Stirs - NY Times "Few developments rode the wave of high prices in the Manhattan residential real estate the way…

After Pilot Dies, Jet Lands Safely in Newark - NY Times EU sets basis for finance reform - BBC News "EU ministers have agreed in principle on a framework for enhanced oversight of the financial sector, with the UK winning…

A lot of links coming. So I will some now and others tomorrow. Retail sales plunged in April, led by motors - Irish Independent This is a depression-style fall: 17%. Outsider in the world of economics takes a dim view of…