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That's the good news: the economy is "weak but not collapsing" according to a Bank of America analyst quoted in an aptly titled article "Hopes For Global Recovery Take a Hit." 
How bad were the jobs numbers announced yesterday?  As the Wall Street Journal blog remarked, "The 0 number of jobs added is a rare phenomenon. After revisions it has only happened once — in February 1945... Read More
James Stewart has a column in today's New York Times defending Fed Chairman Ben Bernanke from his critics.  He makes the entirely uncontroversial comment that "No one in government, including the quasi-... Read More
Almost 3 years after the financial crisis of 2008, a governmental agency has filed very serious lawsuits against 17 banks, including all the big ones. It's about time.   While it is rarely mentioned, many of the... Read More
Final rule
A column in today's Washington Post must be read by anyone who cares about dealing with the reality of our ongoing financial and economic crisis.  It's by Barry Ritholtz and entitled "Stop Throwing Money at... Read More
Steve Pearlstein has a terrific, must read column in today's Washington Post brilliantly entitled "Too Big to Prevail."  If you care about financial stability and preventing more needless taxpayer bailouts... Read More
The financial crisis is not over.  The financial system is still weak.  Taxpayers are still footing the bill for the last crisis and will be doing so likely for decades.  If we ever really got to see the real... Read More
There is no finer cartoonist in America and maybe the world!   View the cartoon here
Final rule
    Opening Remarks, Conference on Commodity Markets August 25, 2011   Good morning and welcome to the Commodity Futures Trading Commission (CFTC).  It’s... Read More
Andrew Haldane, executive director of financial stability at the Bank of England and member Financial Policy Committee, delivered a speech calling for the temporary lowering of capital requirements to boost lending.... Read More
I greatly admire cartoonists for their ability to say a books worth of insightful commentary in a single frame or a few frames.  Scott Stantis, who's cartoons appear mostly in the Chicago Tribune, is one of the... Read More
The New York Times has a front page article ("Justice Inquiry Is Said To Focus On S&P Ratings") with the following lead: "The Justice Department is investigating whether the nation’s largest... Read More
The Wall Street Journal just sent a Breaking News alert entitled "Fed Eyes Cash European Banks Have In US" which says "Federal and state regulators, signaling their growing worry that Europe’s debt... Read More
Everyone hangs on the next release of weekly, monthly, quarterly or annual economic news.  Jobs, growth, manufacturing, profits, you-name-it and there'll be some big announcement about it fairly regularly.... Read More
Interesting article in the Wall Street Journal today about the estate of bankrupt Lehman Brothers winning a court case to reclaim bonuses paid to brokers as an advance on expected compensation, which didn't happen due to... Read More
In the wake of the collapse of Enron and the charges against the accounting firm of Arthur Anderson, Congress passed the Sarbanes-Oxley Act of 2002, which included a requirement for the GAO to study public accounting firms:... Read More
The former Vice Chairman of the Fed and current economics professor of economics at Princeton University, Alan Blinder, has a must-read column in today's Wall Street Journal entitled "A Tale of Two Downgrades... Read More