Ken Houghton wants to sidebar today into looking at the general application and implications of an Accounting Identity: Assets = Liabilities + Equity (A=L+E, or the ALE Rule). Let us…

Following up on Robert’s post (he started later and finished earlier): Dr. Black: [T]he idea that all this came about simply because the banksters decided a bit of extra risk…

by divorced one like Bush Let’s talk jazz: Still cashing the income inequality berries, clams, dough, heavy sugar, jack, kale, mazuma, rubes, simoelan, voot. It’s all money. I started this…

Duff and Phelps, which tends to be the rating agency you go to if S&P or Moody’s won’t rate you highly enough, provides a convenient evaluation table (p. 22 of…

I was pontificating earlier today about how many of the now-unemployed Financial Services workers were, in a previous life, engineers of one stripe or another, and if we’re going to…

Dr. Black graciously asks: Am I the only to whom it’s occurred that monetary policy through the banking channel (as opposed to, say, actually dropping money from helicopters) is only…

A correspondent notes CJR found a good scoop by the FT: Merrill Lynch paid out about $4 billion in bonuses just days before Bank of America took it over, the…

Forty years ago, in 1968, an American major after the battle of Ben Tre in Viet Nam was quoted by Peter Arnett as having declared, “It became necessary to destroy…

Among their editorial suggestions for replacing Tim Geither as head of the New York FRB: Better choices would include …David Malpass, an economist who worked at the Reagan Treasury and…

In one of the stupidest wastes of Treasury monies this month—a major accomplishment, though AIG hasn’t hit the trough again yet, so there might be hope—the Treasury wants to subsidize…