UPDATE: Credit where due category: H/T to Felix Salmon for pointing to this chart at bignose.org, which gives you borrowings relative to GDP. I often hate line graphs, especially when…

Via Felix, we discover Joe Nocera at the NYT reporting that securitization professionals are not as stupid as they would have had us believe: What [the FDIC] has discovered, said…

…of monetary and fiscal policy and broad experience in international trade issues. Before the current crisis, he was involved in the bailouts of Mexico, Indonesia, Korea, Brazil and Thailand. He…

Back in the Good Old Days, Leveraged Buyouts (LBOs) all the rage. Not coincidentally, the phrase “underfunded pension liabilities” moved into the mainstream. Long story short: when legislation is finally…

This is a very important issue that should be discussed at all econ blogs. It has far reaching ramifications and frankly, I want to know why we did not hear…

Ken Houghton I would prefer not to talk about AIG, especially since we already have two posts on it today: Robert brilliantly puts it into context, while DOLB goes for…

mmckinl mentioned the new AIG deal. Naked Capitalism has a post by Yves Smith regarding the new and improved AIG plan titled: The looting continues (Bannana republic watch). It reviews…

You can’t make him think—or own to loan. Krugman notes: [L]ast week Joe Nocera of The Times pointed out a key weakness in the U.S. Treasury’s bank rescue plan: it…

Late to the party, but FelixMatthew Malone (via The Divine Bess) quotes from Andrew Lahde’s good-bye letter, the follow-up to the one in which he noted that he only plays…

The leadership at Wells Fargo must be royally peeved at this point: Stable national players like Bank of America, JPMorgan Chase, and Wells Fargo are already digesting acquisitions. A second…