Archive for April 17th, 2009

Friday Failures

Two banks went down this afternoon. Here are the links: Great Basin Bank of Nevada, Elko, Nevada American Sterling Bank, Sugar Creek, Missouri

Why Did We Need A Bank Stress Test?

I found this comment in a MarketWatch article really odd. The article is about the bank stress tests. I know, you probably don’t want to read one more word about this subject. I don’t blame you, it’s easily the most over reported non-event of the year so far. But bear with me a second. First, […]

Option ARMs Get Some Breathing Room

It looks like the day of reckoning for Option ARMs has been pushed out. Business Week cites a Credit Suisse study that says the wave of resets for Option ARMs which had been forecast to begin this year and accelerate through 2010 has probably been delayed by about a year. The reason? Low interest rates. […]

The EPA Finds Carbon Dioxide Poses A Danger

The U.S. Environmental Protection Agency has issued a finding that carbon dioxide and other greenhouse gases pose a danger to the public.  Depending upon which side of the global warming debate you happen to occupy this is either very good or very bad news. For the time being it’s pretty much a non-event. Here’s the […]