More than 100 bank failures this year in US

NEW YORK - Two more banks were taken over late Friday by US regulators, bring to 101 the number of bank failures so far this year. The latest financial institutions to fall amid the longest recession since the 1930s were regional banks in Florida and Georgia. After the highly publicised failure of Wall Street investment banks [...]

Oslo Edition of Saturday Night Live

-By Thomas E. Brewton Wolf Blitzer needs to continue his fact checking. CNN’s Wolf Blitzer recently devoted time to fact-checking a Saturday Night Live skit that cast a less than favorable light upon failure of The One to deliver on his campaign promises. Surely Mr. Blitzer will follow up with an analysis of the lack of basis for the Nobel committee’s awarding its Peace Prize to President Obama. He will find his rebuttal work easy. The President has done exactly nothing in t

Posts about Obama Health Care Failure as of September 28, 2009

Public Rejecting Obamacare, Will Reject Democrats - strata-sphere.com 09/28/2009 No one can argue that the liberal left is limited in imagination. The ideas and myths they conjure up border on the insane. From believing Bush and Cheney were listening in on their lame ramblings, to the Chicken Little cries of doom over global warming after a decade of global cooling, they have some created some wild theories – that is to be sure. But one of their strangest delusions is the idea that the

A Failure of Capitalism: The Crisis of ‘08 and the Descent into Depression

From Publishers Weekly Posner (How Judges Think) is uncharacteristically dry in this dense book that states flatly that we are in a recession only because we are too frightened to call it a depression. He makes a near-heroic attempt to delve into the roots of the current crisis, citing some of the harder questions: how did it happen? why was it not anticipated? how is the government responding? A great deal of ground is covered, and the book takes the form of a high-altitude survey, assessin

The Anniversary of Lehman Brothers’ Failure: What Can You Learn From It

On September, 15 th 2008, the financial world almost collapsed upon one of the biggest failures in Wall Street history: The bankruptcy of Lehman Brothers. Upon this major news, the stocks markets started one of the most important and surely the fastest drop of its long history. A year later, nothing much has been done about banking laws and protecting consumers from the rise of another economic bubble. While the US government hasn’t shown us what they have learned much so far (the debate was ra

The Elements of Deflation

The Elements of Deflation The Failure of Economics The Super Trend Puzzle Final Demand and Income Unemployment Was NOT a Green Shoot Washington, DC, San Diego, and Johannesburg As every school child knows, water is formed by the two elements of hydrogen and oxygen in a very simple formula we all know as H2O. Today we start a series that starts with the question, What are the elements that comprise deflation? Far from being simple, the equation for deflation is a

Too Big to Fail? Make ‘em Even Bigger!

Interesting discussion at the Washington Post about the downside of TBTF: As we Bailout more banks, we are creating more behemoths — reducing consumer choice, and feeding ever more Moral Hazard. Here is David Cho: When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation’s leading financial institutions because the banks were so big that officials feared their failure would ruin the entire financial system. Today, the biggest of those

How Will Bank Failures Impact Economy?

Will the failure of a small bank in a small community truly impact America? Analysts discount the impact that the expected massive number of bank failures will have on the U.S. economy. Additionally, analysts also discount the fact that the FDIC fund to cover depositors of failed institutions is close to zero. This fund can be replenished by the FDIC imposing an assessment on remaining banks or, if need be, tapping an emergency line of credit at the U.S. Treasury. What will be the real imp

Les Leopold: Can we Stop Wall Street’s $100 million Payday and Save Obama from Political Suicide?

I don't know Andrew J. Hall and I have nothing against him personally. But there is no way in the world that he deserves $100 million in oil trading fees from CitiGroup, a bank that is entirely on taxpayer welfare. If the administration lets him get away with it, Obama's poll ratings will continue to plummet. Their failure to come down hard on Wall Street, I believe, is the root cause for why the American public is turning away from the President. He may even lose the allegiance of those most c

Posts about Obama Health Care Failure as of August 23, 2009

Where To Find Health Care Savings; And Where You Wont - lawhawk.blogspot.com 08/23/2009 While the GOP can’t quite figure out how to honestly attack Obamacare’s multitude of problems (and they are legion), the death panel stuff clearly resonates and forces the Democrats to spend more time and effort defending.It’s a hack political trick, and it could work.However, the Democrats will eventually get their act together and shift the focus elsewhere. At least, they’ll try to do so. Town

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