RBS

In a clear break with US economic policy, the UK government have decided that too big to fail is too big to exist. As a result, three large financial institutions now owned at least in part by government are to be dismantled. Moreover, talk…

CyanogenMOD Hits Stable 4.2.1 Release, Reduces Home Screen Lag - Lifehacker Very good hack FT Alphaville - South Korea in a won-win situation Ex-Morgan Stanley's Stephen Jen is bullish Helicopter Crashes Kill 14 Americans in…

If our response focuses only on the symptoms rather than the underlying causes of the crisis, then we shall bequeath to future generations a serious risk of another crisis even worse than the one we have experienced. -Mervyn King,…

I am just getting back up to speed, so expect to see a few older links I flagged for myself but did not post in the past few days. Jobless rates rise in all U.S. cities in August | Reuters "Unemployment rates rose in all cities…

I will be at the Clinton Global Initiative Forum all day today, so I doubt there will be any posts until this afternoon.  For Canadian readers, I am doing a TV interview at 12:30PM ET on BNN on Obama’s relationship with Wall Street.…

iPhone makes worldwide loss, says report While Orange and T-Mobile compete with O2 to sell the iPhone in Britain, a report by Denmark's Strand Consult reveals how it makes a loss for providers and struggles against other phones…

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.…

Calculated Risk: Google Maps Shows Foreclosure Status You can get data on just about anything these days. Amazing maps. Almost scary. Fannie Mae seeks $US10.7b in aid after loss Here's a thought: if Citi were in government hands…

Bernanke: 25 mega-firms are systemically vital - MarketWatch That's a lot more than the biggest banks we hear about Economist's View: From 1983: Health Care Reform in Canada Echoes of the debate today in the US Eliot Spitzer:…

Finance and Economics US group calls Fed 'tarnished,' demands risk monitor - Reuters Donaldson and Levitt don't want the Fed as SiRR. Securitization Group Wants Greater Risk Disclosure by Lenders - HousingWire What Wall Street owes…