Wednesday, August 26, 2009

Dismantle Bernanke's 'Happy Conspiracy' now - MarketWatch

Paul B. Farrell: Dismantle Bernanke's 'Happy Conspiracy' now - MarketWatch
Awesome read.

Tuesday, August 25, 2009

Is Banco Santander The Canary In The Coalmine

Is Banco Santander The Canary In The Coalmine
Spain has big problems.

Cumberland Advisors - Market Commentary

Cumberland Advisors - Market Commentary
Buying some cheap USO calls at $48 for OCT 2009

Court Orders Federal Reserve to Disclose Emergency Loan Details - Bloomberg.com

Court Orders Federal Reserve to Disclose Emergency Loan Details - Bloomberg.com
A win for transparent government.

Monday, August 24, 2009

"Dramatic" Decrease in Cure Rates for Delinquent Mortgage Loans

Calculated Risk: Fitch: "Dramatic" Decrease in Cure Rates for Delinquent Mortgage Loans
Very bad stuff.

FDIC report tomorrow

Will it start a bank run? Tomorrow the FDIC will likely report they need to borrow money from the Treasury. Is that enough to panic people? Hard to say but I lean towards no.

Calculated Risk: Bank Failure #81: Down Goes Guaranty

Calculated Risk: Bank Failure #81: Down Goes Guaranty
3 more along with the big one. MW called for 300 this year. I think we are on track to push past that.