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Quotes for the day

rdan (h/t reader Jack) The NYT reports: Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole…

Champaign Bottle corks are popping today

financial system, and the Paulson proposal addresses only one. The first is that the financial institutions have all these toxic products–which they created–and since no one trusts anyone about their…

Money from money? Not good.

…JOHN BOGLE: Well, it’s gotten misshapen because the financial side of the economy is dominating the productive side of the economy…We’ve become a financial economy which has overwhelmed the productive…

The Bankruptcy Bill in Action

…such deep financial trouble that they cannot qualify for a debt-management plan. “Typically, consumers are too far gone when they get to us,” said Ivan L. Hand Jr., president and…

Kash’s Call #3: A Financial Crisis in the US? My third prediction: there will not be a major financial crisis this year in the US, a la Argentina.(*) Why not?…

Is the US Heading for Financial Disaster? Several commentators have been posing that very question recently. The concern is that the US might be heading for a major financial crisis…

…year to July, the fastest rate of growth for five years (see chart), causing the PBOC to give warning of “an excessive increase” in lending. Total loans by financial institutions…