money

Update: 800PM EDT: DealBook is now reporting that Lehman is expected to file bankruptcy as soon as tonight. (See post). Merrill, fearing for its continued existence, is now in takeover talks with BofA (see…

You would think that after the biggest bailout in financial history, one could breathe a sigh of relief. However, as I write this post, the markets are getting pummeled, financial stocks in particular. What is clear from the TED spread is…

The finance and investing website Money Morning has a very provocative piece om Jim Rogers today. Rogers, who has been railing against the bailout of Fannie and Freddie for some time, thinks the Treasury and Federal Reserve will fail in…

ECB governing council member and Dutch National Bank head Nout Wellink said two weeks ago that the ECB was going to stop lenders abusing ECB's credit crisis policy of accepting lower credit quality. The ECB is going to make good on…

The global economy is in the relatively unique but unenviable position of being bullied by both recession and inflation at the same time. This leaves central banks in a bit of bind. The Federal Reserve has thrown all caution to the wind…

The last place in the world you wold expect to hear support of Ben Bernanke is hear. The Bernanke Fed has been as reckless in its attempts to reflate the economy as the Greenspan Fed - probably more so. Nevertheless, when Willem Buiter, a…

Yesterday and overnight, there was a ton of news in Europe, in banking and in geopolitics. So, I am going to alter the format of the round-up slightly and give you a rundown with links mixed in.The long and short is that the banking sector…

A year into the crisis, it's time to let banks start to fend for themselves -- or at least let their shareholders do the heavy lifting. That's what the President of the Dutch Central Bank Nout Wellink had to say earlier today. Below is my…

The minutes of the Bank of England's most recent Monetary Policy Committee (MPC) meeting demonstrate that Britain's monetary policy makers are all over the shop. Most committee members voted to keep rates at 5%, but there was also a vote…

Warren Buffett has done pretty well for himself, amassing a net worth north of $50 billion. Yet, for all his detailed analysis and combing through financial reports, he has never said he models things out to the nth degree.In fact, Buffett…