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Nearing 100- Katrina Vanden Hevel, The Nation This is a fairly even-handed look back at Barack Obama’s first months as President and his prospects going forward

Financial Innovation for Beginners – James Kwak

How the CDS market makes restructurings more difficult – Felix Salmon

Richard Bernstein: 10 guidelines learned in 20 years – Prieur de Plessis

How Do You [...]

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Lifehacker – Gmail Adds Suggested Recipients – Gmail

The significance of Obama’s decision to release the torture memos – Glenn Greenwald – Salon.com

Libor Caps Longest Drop Since November on Bank Gains – Bloomberg.com

A.I.G. Chief Owns Goldman Stake Worth More Than $3 Million – NYTimes.com

Personal tales: Saved from foreclosure – MSN Money

Starwood sues Hilton, alleges corporate [...]

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From the FDIC website. More information available here:
Great Basin Bank of Nevada, Elko, Nevada, was closed today by the Nevada Financial Institutions Division, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Nevada State Bank, Las Vegas, Nevada, to assume [...]

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Small banks are going bust at a pretty good clip.  Apparently, there is no free ride for the likes of American Sterling Bank.  Its deposits were acquired by Metcalf Bank as the FDIC took it into receivership a.k.a nationalized it.  But, of course, this process does not apply for big banks.  Their executives get to [...]

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Bring In The Antitrust Division (On Banking) « The Baseline Scenario
Obama won’t charge CIA interrogators – Josh Gerstein – POLITICO.com
Unconscious thought precedes conscious | Incognito | The Economist
Bringing up baby bilingually | Twice blessed | The Economist
The link between autism and extraordinary ability | Genius locus | The Economist
The costs and benefits of home ownership [...]

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This comes from French-language Swiss daily Le Temps:
Over 50% of respondents in Geneva surveyed by the HEG School of Management believe that the bankruptcy of a large institution is likely.
The Swiss political world is clearly convinced that it will never let one of the major banks in the country go bankrupt. Despite the rescue of [...]

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I have gotten two kind notes that the feed is screwy again, posting links multiple times. Who do I blame? Feedburner of course. I have solved the problem but I would love a nice way to get away from Feedburner. They are really a problem.
If anyone is still seeing the problem, [...]

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On the back of a decent quarter at JPMorgan Chase, CEO Jamie Dimon has signalled his desire to repay government money as quickly as possible and remove the strings attached to that money.  Dimon has often said that JPMorgan Chase did not need the TARP bailout money it has received and only accepted  because it [...]

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Jobless claims in the U.S. fell to a three month low of 610,000 on a seasonally-adjusted basis in another clear sign that fewer people are filing for jobless claims than early in the year.  Nevertheless, 600,000 more filed for claims this past week and a record 6 million are still claiming benefits.
I have been fairly [...]

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I am sure you have seen the catastrophic financial results of Swiss bank UBS released this week. I have been saying for quite some time that UBS is too big to fail, but also too big to bail for tiny Switzerland. In my view, the recent financial results demonstrate that, although this situation has [...]