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Agency that insures bank deposits may need help
- AP
- 08/27/2009 04:52 AM
Adjustable Mortgages Loom as Threat to Housing Recovery
- NY Times
- 08/26/2009 04:40 PM
Market Movers
Archive
- CNBC
- 08/27/2009 04:15 AM
U.S. Stock-Index Futures Fluctuate Before Reports on Economy
- Bloomberg
- 08/27/2009 06:23 AM
Asian stocks fall as China plans to curb capacity
- AP
- 08/27/2009 04:19 AM
Oil falls to $71 on U.S. stockbuild; China eyed
- Reuters
- 08/27/2009 04:49 AM
Yen Strengthens as China Policy Concern Spurs Demand for Safety
- Bloomberg
- 08/27/2009 04:11 AM
Quotable
"US bank earnings plunged nearly 25% in the third quarter, falling below $30bn for the first time since 2003 as the sagging US housing market hit profits… Net income for banks in the period fell to $28.7bn, down $9.4bn from last year driven by a steep increase in provisions for loan losses and a drop in non-interest income, according to the FDIC. Loan loss provisions rose $9.2bn, or 122%, to $16.6bn compared to the same period a year earlier… The $16.6bn in provisions is the most made since the second quarter of 1987..."
Financial Times, November 28, 2007
Commentary
Credit Bubble Bulletin
by Doug Noland | Aug 21
The Depressed U.S. Consumer and Global Reflation
Can the world economy rebound in spite of weak U.S. household spending?
Read moreThe Bear's Lair
by Martin Hutchinson | Aug 24
How the hell will we pay for it all?
As the world awaits with bated breath the revised Congressional Budget Office projections for the federal budget deficit in 2009, 2010 and beyond, one thing must remain perfectly clear.
Read moreFeatured Commentary
by James Quinn | Aug 19
Fat, Drunk and Stupid is No Way to Go Through Life
America is at risk from a failing public education system.
Read moreGuest Commentary
by Michael Pento | Aug 17
A Recovery Foundation Built on Sand
Instead of allowing a cathartic and reconciling recession to run its course, the Federal Reserve (Fed) decided last year to again bail out the economy by greatly expanding the money supply.
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