Bailout and Financial Crisis News

Now that is a chart. Apparently the violent reaction had something to do with warnings wafting from the continent about UK debt. Join the conversation about this story » See Also: Moody’s: The US And UK Will Be Fine, It’s Just That The Coming Spending Cuts Will Start Riots In The Street What It Means That The UK Pound Is [...]

I mentioned the Elizabeth Warren presentation on consumer protection at the Make Markets Be Markets. She was on Charlie Rose last week — here is a small excerpt of the appearance, with a related graphic: “Credit cards, mortgages, car loans, check overdraft fees. This is all the stuff that you have to do in your daily life [...]

Chinese are drawing some lessons from America’s teapartiers, coming out to oppose potential new property taxes. Thing is, the ranks of these tax activists come from China’s rapidly growing demographic of wealthy Communist Party members. Bloomberg: Now some of the most financially successful members are voicing opposition to government initiatives from within the system. They echo American Tea Partiers [...]

(This guest post originally appeared at The Senator’s website) Mr. President, last Thursday, the bankruptcy examiner for Lehman Brothers Holdings Inc. released a 2,200 page report about the demise of the firm which included riveting detail on the firm’s accounting practices.  That report has put in sharp relief what many of us have expected all along:  [...]

Chinese officials are closing the ranks when it comes to the nation’s yuan exchange rate policy — the currency will only be adjusted when China is ready and when it is in their interest. Moreover, the yuan isn’t to blame for America’s economic problems according to commerce spokesman Yao Jian. The trade deficit is a natural outcome [...]

Robert Waldmann: Thank You Marjorie Margolies-Mezvinsky Media Matters: Rep. Ryan Fills Health Care Op-Ed With Distortions Gideon Rachman: Bubble or not, China’s rise is real Ryan Avent on James Hamilton on Oil: Trouble ahead James Kwak: A Few Words on Lehman iPhone Explorer - A USB iPhone browser for Mac and PC Jonathan Bernstein: Too Much Paranoias Van Hollen memo lays out [...]

Buce: A Repo Man Spends his life Getting Into Tense Situations Great moments with Mr. Nixon Worrying About the Housing Bubble: Hoisted from the Archives from July 2005 FireDogLake Health Care Whip Count Rajiv Sethi: An Ecological Perspective on Financial Market Reform How to Obsess About Health Care Reform Maria Farrell on the Church Abuse [...]

Or, counterfactuals, yet again. Or, rejoinder to Casey Mulligan, Joseph Lawler, david, tim kemper and others. From the WSJ March survey survey of forecasters, the results indicate that instead of the 0.15% growth rate recorded in 09Q4 y/y growth, the growth rate would have been -0.93%. For 2010Q4 Q4/Q4 growth, they forecast 3% growth, and in the [...]

Something clicked many years back when Singapore suddenly realized that the key to being a world city isn’t just about business… it is about having fun too. Since then the city has been transforming itself with a focus on both ease of doing business plus quality of life for those who do business. Thus both prostitution and [...]

Paul Jackson has a great post at HousingWire: Housing Recovery is Spelled R-E-O [U]sing LPS data, for all loans more than 90 days in arrears, the average days delinquent is now at 272 days—up from 204 days in early 2008. For loans in foreclosure, the aging numbers are even more staggering: loans in this bucket average [...]

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