Nice interactive map at the WSJ that tracks, by total assets, the Banks That Went Bust during the crisis. In addition to the map, you can also see all the data in table form at the WSJ.
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Traking the Nations Bank Failures
click for interactive map
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Source:
FDIC Moves to Seize Slice of Bank-Stock Rallies
ROBIN SIDEL
WSJ, DECEMBER 30, 2009
http://online.wsj.com/article/SB10001424052748704234304574626153895931822.html
The Dec Chicago PMI manufacturing index was a much better than expected 60, 5 pts above forecasts and up from 56.1 in Nov. It’s the highest reading since Jan ’06 but measures the direction of improvement, not the degree. The bright spot was the near 10 pt rise in the Employment component which is back…Read More
Category: MacroNotes
Bloomberg has a huge, detailed piece on Mary Schapiro’s efforts to reform the SEC. Its today’s required reading: “Schapiro became SEC chairman in January, having been nominated by President-elect Barack Obama to attack Wall Street’s “culture of greed” and bring the “new ideas, new reforms and new spirit of accountability” to an agency whose failures,…Read More
Category: Bailouts, Regulation
Wow, I know things are better than they were one year ago but are they so dramatically better with little downside risk? According to stock market newsletter writers the answer is yes. The level of Bears in today’s Investors Intelligence reading fell to 15.6% from 16.7% last week and is now at the lowest level…Read More
Category: MacroNotes
The IMF’s latest working paper — A Fistful of Dollars: Lobbying and the Financial Crisis — is yet another indictment of the nexus between Wall Street and Washington. We know from previous reports that the lobbying of most aggressive, freest spending banks led to the greatest return in bailout monies. The IMF shows that it…Read More
One of the best things I have ever read on Huff Po – The Cash Committee: How Wall Street Wins On The Hill — explains how Wall Street manages to win in Congress, no matter who is the controlling party. The Banking committee has become the place where reform goes to die. “In the fall…Read More
Category: Bailouts, Politics, Regulation
What did it mean to investors when Freddie & Fannie shares jumped (27% and 21%) and their trading volume for both was the highest since late October? Not much. The most recent political news is that the White House has granted the former GSEs a blank check — no cap on aid. (Hence, why they…Read More
Category: Bailouts, Credit, Real Estate
In lieu of our usual lunch time chart, let’s have a go at this cool infographic, via Good, showing the biggest news stories of the year: click for interactive graphic: Hat tip Neatorama
Category: Digital Media, Financial Press
