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Links: 2009-10-21
Obama’s approval rating back to 50 – POLITICO.com
This is tied for the lowest yet.
Calomiris: Maybe He Slept Through 2008 — Seeking Alpha
Debunkng certain economies of scale arguments for TBTF
Volcker Has Obamas Ear, but Not on Overhaul of Banks – NYTimes.com
Wells, U.S. Bancorp get big boost from mortgages | Reuters
More bullishness in banking.
Recession-hit Spain goes back to black economy – Telegraph
This was how things operated way back under Gonzalez
Homeowners ‘will struggle to remortgage’ under FSA rules – Telegraph
One reason to expect more downside.
Opel workers in Spain to strike over jobs cuts – Telegraph
You knew this was coming. Clear favoritism for Germany.
Mervyn King: bail-outs created ‘biggest moral hazard in history’ – Telegraph
More from the BoE
Public must learn to ‘tolerate the inequality’ of bonuses, says Goldman Sachs vice-chairman Lord Griffiths
Unrepentant.
The U.S. Can’t Manufacture the Kindle and That’s a Problem – Is the U.S. Killing Its Innovation Machine?
H/T Michael
Morgan Stanley Earnings: Risk Grows, But Still Less Than Goldman’s – MarketBeat – WSJ
Another earnings beat.
Niall Ferguson U.S. Empire in Decline on Collision Course with China
There are some solutions though IMO
How The iPhone Is Blowing Everyone Else Away (In Charts)
Mary Meeker is bullish on the iPhone
WordPress.com Goes Mobile
I use this theme right now as does Baseline Scenario
FT Alphaville – Peaking into Wells Fargos pandoras box of commercial real estate
Wells has a monster number.
Felix Salmon – How Paulson gave Goldman the Lehman heads-up
This should certainly be investigated.
How to understand out-of-state tuition? | Free exchange | Economist.com
Understanding increased cost of Uni.
How bank equity regulation is akin to inflation targeting | vox
Interesting thesis.
Corrections Corp A Top Real Estate Play -Bill Ackman – WSJ.com
Prisons should not be private
Buffett Says Wall Street Pay Must Have ‘Downside’ – Bloomberg.com
Stock instead of options and clawbacks.
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About Edward Harrison
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.
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