Six was not enough Founders gambled deposits Then rolled a seven. by Soylent Green is People From the FDIC: The PrivateBank and Trust Company, Chicago, Illinois, Assumes All of the Deposits of Founders Bank, Worth, Illinois As of April 30, 2009, Founders Bank had total assets of $962.5 million and total deposits of... »
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Further Reply to Matt: Who is "We"?
Like some commenters, I found Bryan Caplan's post on health care today to be one of his best. And he's already set a high bar. »
Old Speeches, New Policies
For academics, it always a delight when some old, obscure thing we've written suddenly gets noticed. So I was pleased when econoblogger Mark Thoma decided to draw attention yesterday to a speech I gave six years ago ( pdf version ) to the National... »
Three More Bank Failures: #49, #50, #51
Sextuplet failure Like Whack-A-Mole, banks pop up Hammered by the man. by Soylent Green is People From the FDIC: Millennium State Bank of Texas, Dallas, Texas From the... »
Three More Bank Failures: #46, #47, #48
John Warner collapse This Lincoln State bank fell hard Now worth a penny. First State... »
Great news, our descent into Hell is taking place at a slower pace
Don't you love the way the NYT reports all bad economic news under Obama? Somehow everything is oddly turned into good news. The "most painful downturn since the... »
Gillian Tett’s Fool’s Gold
Gene Smolensky admonishes me for not having read Fool's Gold yet. "It's very good," he says, "But it doesn't have enough numbers." »
Naught for the Naughts?
On the '00s (the "Naughts") ... Employment Dec 1999: 130.53 million Employment Jun 2009: 131.69 million A gain of just 1.16 million. »
Personal Bankruptcy Filings increase 40% in June (YoY)
From Bloomberg: Consumer Bankruptcy Filings Rose 36.5% in First Half, ABI Says (ht Ron) U.S. »
Merrill Lynch’s unfortunately timed upgrade on U.S. economic outlook
Guest blog from Economics Editor Peter Coy Ouch. »
Krishna Guha: Please Discipline Your Headline Writers!
Krishna Guha to the orange courtesy phone, please. »
Abolish the Bank of England
A movement growing in that polite sort of way. »
Happy We-Should-Restore-The-Monarchy-And-Rejoin-Britain Day!
The celebration of the 4th of July as if it's a libertarian holiday is a bit much to bear. »
FDIC on Private Equity Acquisitions of Failed Banks
This is BFT (Bank Failure Thursday), and there are a couple of large banks that might fail (Corus Bank and Guaranty Bank), so this is timely ... First, from... »
Fifty Little Herbert Hoovers Watch
The Economist's free exchange: Fifty little Hoovers, hoovering up stimulus : MATTHEW YGLESIAS makes a good point: Reading Harold Meyerson’s column on the looming devastation of California public... »
The News Pages of the Wall Street Journal Are Losing Their Mojo…
Susan Davis retypes a statement issued by John Boehner's office: Republicans Blame Obama Policies for Job Losses . Retyping Republican press releases is not a sustainable business model... »
Guest blogger!
Guest blogger Peter Coy will be filling in for me for the next two weeks while I am taking a vacation (at home and in Scotland). You may... »
Hotel RevPAR off 17.4%
From HotelNewsNow.com: STR reports U.S. hotel performance for week ending 27 June 2009 In year-over-year measurements, the industry’s occupancy fell 8.7 percent to end the week at 65.4 percent.... »
Jeffrey Friedman on the Financial Crisis
Critical Review is publishing a special issue on the financial crisis. »