Don’t forget to “Spring ahead” this Sunday morning. We lose an hour of sleep, but it will be lighter during barbecuing.
The FDIC made a rare Thursday move and shut down LibertyPointe Bank This bank catered to the Orthodox Jewish community in Manhattan and Brooklyn, and will be taken over by Valley National.
For anyone hedging with [...]

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Second Lien Writedowns, II -  R.A. (Ryan Avent!) writes in response to my previous entry:  [Mike's thesis] places the government in a bind. If it forces banks to write down worthless second mortgages to clear the way for new modifications, then the banks suddenly look shaky again. If it doesn’t, then lots [...]

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this is shocking – New York Fed and Treasury Tell Banks to Hold Cash – Posted by Larry Doyle – How often have Americans heard politicians screaming at banks for not providing credit? How often have those same politicians and bank regulators informed us that they are working to have banks inject [...]

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Who says that numbers aren’t fun? A top muni bond analyst at Wells Fargo sent this to me:
What If Everybody in Canada Flushed At Once?

 
Sometimes time drags, and sometimes it flies. I came to this brilliant observation yesterday while waiting in the California DMV, waiting for my 15 1/2 year old daughter to obtain her [...]

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