By Spencer, July auto and light truck sales are being reported at 11.2 million annual rate. That is a very significant increase from the second quarter average of 9.5 million…

Kevin Drum has a short piece on the recent surge in auto insurance rates. He doesn’t offer any explanation in his post, but the comment thread has suggestions: • a…

A link to the possible bailout of another major industry?…

sent by David Zetland The Bailout Explained Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day. The…

Via The Nation: A number of house progressives who voted against yesterday’s bailout bill, including Pete DeFazio, Donna Edwards and Marcy Kaptur, have just held a press conference unveiling their…

Via Dr. Black, Alpha Bank and Trust of Alpharetta is now FDIC-owned. In related news, PNC is paying about $5.6 billion for midwest-based National City, which was a major player…

Alea notes TAF results: Total propositions submitted: $138.092 billion Total propositions accepted: $138.092 billion Bid/cover ratio: 0.92 Number of bidders: 71 The auction in question was supposed to be a…

UPDATE: Brad DeLong notes that there is no requirement, under the bailout bill, for halfway measures and delays: Every other country that is in this business is nationalizing the banks…

Floyd Norris throws up [at] the details. He is not alone. Anyone keeping money in the U.S. stock market from this point forward better have no choice….

…(2) working on the idiocy plan that he presented. Leonhardt’s very next sentence undermines his previous paragraph. The first thing to understand is that a bailout plan doesn’t have to…