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Jesse’s Cafe Americain: Boehner Tells Bankers to Stand Up to Those Senate Punks
A Glimpse at the Judge Who Rapped the SEC – WSJ.com
Hey, That’s My Jet! – WSJ.com
Parenteau: The Hyperinflation Hyperventalists « naked capitalism
Fed Told to Disclose on Friedman’s Goldman Purchases – WSJ.com
Sell, Sell, Sell: SEC Investigating Jim Cramer’s TheStreet.com [...]

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This is a post from John Lounsbury.
Charles J. Antonucci Sr., the former president and chief executive of the Park Avenue Bank of New York, made a desperate move to try to save his bank with the infusion of TARP funds. TARP refers to the government program to provide up to $780 billion in loans and [...]

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John Hussman notes that the very large non-subprime Alt-A and Option ARM cohort interest-rate resets lie ahead of us and not behind us in his latest weekly market commentary. In my view, this is a very big problem for the US banking sector and economy because of the credit writedowns these resets will generate.
For his [...]

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Michael Lewis is out with a new book “The Big Short: Inside the Doomsday Machine” which discusses how the big hitters on Wall Street destroyed $1.75 trillion of capital. His phrase ‘Doomsday Machine’ is reminiscent of former IMF chief economist Simon Johnson’s ‘Doom Loop’ phraseology which I reviewed two weeks ago.
Below, Lewis discusses his take [...]

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Obama to tap Yellen for Fed vice chair:source| Reuters
BBC News – Rove ‘proud’ of US waterboarding terror suspects
Walmart vende la Barbie negra a mitad de precio que la blanca ¿discriminación? – elConfidencial.com
Examiner sees gimmicks in Lehman demise| Reuters
FDIC: Failed Bank Information – Bank Closing Information for LibertyPointe Bank, New York, NY
Americans’ [...]

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About a month ago I wrote a post called “The coming wave of second mortgage writedowns” the gist of which was that the big four banks (Citi, JP, BofA, and Wells) had a shed load of exposure to now worthless second mortgages. With many first mortgages now hopelessly underwater, it stands to reason that second [...]

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This is the fifth in a series of posts about ideas for financial reform generated by the “Make Markets Be Markets” conference I attended yesterday in New York City on 3 Mar 2010. You can download all of the written presentations here.
Let’s talk about regulatory capture and financial reform for a [...]

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We have a bit of a divide developing between the EU and the U.S. on banking and bank reform. The most significant move in this tiff has come in retaliation for Wall Street’s role in helping countries like Greece hide their debt burdens. According to the Guardian newspaper, all American banks have been shut out [...]

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AIB has the ‘worst loan book’ ever seen in Europe – Irish, Business – Independent.ie
China Blames U.S. for Strained Relations – NYTimes.com
FT.com – Gideon Rachman – Japan edges from America towards China
Why do journalists expect to have credibility? – Glenn Greenwald – Salon.com
EconomPic: Is the Consumer Relevering?
Vitamin D lifts mood [...]

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This is the fourth in a series of posts about ideas for financial reform generated by the “Make Markets Be Markets” conference I attended yesterday in New York City on 3 Mar 2010. You can download all of the written presentations here.
Dylan Ratigan was at last week’s meeting on financial reform – and he thinks [...]