Quote of the Day: Blaming Short Sellers
There is a fascinating article about John Paulson in this month’s Portfolio. What is so intriguiging is not the billions Paulson...
Mr. Mortgage’s Guide to the Numbers
Breaking down the details on defaults and foreclosures, with Mark Hanson, Field Check Group managing director and CNBC’s David...
Vehicle Sales Plunge
Ouch: • Ford Jan vehicle sales were down a greater than expected 42.1%. Ford’s fleet sales tumbled 65%, • GM vehicle sales fell...
Banksters in DC
We have a new contributor to the Big Picture Cafe — Josh Rosner. Joshua Rosner is Managing Director at independent research...
Comparison of Bad Bank Structures
We noted the “Goldman” plan yesterday. Here’s an interesting chart from page 5 of that proposal:
Foreclosure Sales in the West Drive PHSI
A surge in foreclosure sales and distressed properties was the primary driver behind a notable improvement in the Pending Home Sales...
Do BRICs (and Germans) Eat PIGS?
Milton Friedman famously predicted that the euro would not last past their first economic crisis. This week we look at commentary by...
The Writing on the Wall with Madoff
In what has to be the most bizarre inadvertent admission of lax standards, Access International co-head Patrick Littaye (his former...
Reinhart & Rogoff: Expect a prolonged slump
Terrific piece in the WSJ by Carmen Reinhart and Kenneth Rogoff on the economic situation. We’ve previously discussed their seminal...
On Leadership: Former Treasury Secretary Henry Paulson
Former Secretary of the Treasury Henry Paulson talks about why most CEOs of struggling companies have not apologized to American...