Archive - Sep 10, 2010 - Blog entry
A Free Market Is Not Possible Without Strong Laws Against Fraud
Submitted by George Washington on 09/10/2010 17:41 -0500A free market and laws against criminal fraud are both necessary. Indeed, they are interrelated and mutually self-reinforcing.
About Those Tax Increases for the “Rich”
Submitted by Bruce Krasting on 09/10/2010 13:49 -0500This could be one of those situations where D.C. speaks with a forked tongue.
Beware of Greeks Bearing Bonds?
Submitted by Leo Kolivakis on 09/10/2010 10:33 -0500Some thoughts from the Land of Zeus...
The Blacker the Berry, the Smaller the Market Share?
Submitted by Reggie Middleton on 09/10/2010 10:11 -0500JPMorgan Said to Test IPhone for E-Mail (that's 22,000 employees)as More Bankers Bypass BlackBerry the day after I give my nth warning that Research in Motion is in serious trouble due to the iPhone and Android! RIMM's daily chart looks sick! And this is just a couple months before the biggest Android upgrade ever comes to market, v. 3.0
Construction and Land Loans Look Ugly, Despite Extend and Pretend Lipstick
Submitted by Reggie Middleton on 09/10/2010 07:42 -0500The FDIC bank data from the 2nd quarter reveals that banks, despite extend and pretend, regulator passes, and kick the can down the road policies, are still feeling the CRE crunch. 15% of the "Construction and land development" loans are non-accrual status (dead money). Leverage that 12x to 25x (about what banks are reportedly carrying) and we are talking some pretty heavy losses. Then, of course, there the real numbers if one could just look past the extend and pretend...
