6Vote!
SeekingAlpha.com (Free subscription) | 10/31/2009
Tom Lindmark submits: An interesting development this evening. The FDIC seized nine banks which are all a part of a holding company in Oak Park, Ill. Here is a link to the WSJ article on the demise of these institutions as well as a link to the FDIC website. Complete Story »
6Vote!
SeekingAlpha.com (Free subscription) | 09/30/2009
Tom Lindmark submits: Thank God we still have Paul Volcker out there throwing out a few straight comments from time to time. In an era when the likes of Tim Geithner can speak volumes and put themselves on record on both sides of every issue, it’s refreshing to see the great man speak his mind. Complete Story »
6Vote!
SeekingAlpha.com (Free subscription) | 11/02/2009
Tom Lindmark submits: It’s eerie how much official government policy is beginning to mirror those that were tried with no success during the commercial real estate debacle of the 1980s and early 1990s. Complete Story »
8Vote!
FelixSalmon.com (Free subscription) | 10/03/2009
Tom Lindmark says I should give Ken Lewis a break: Felix Salmon made a good point in a post yesterday when he said that running a mega bank was not something that any individual was capable of doing… While Felix thinks that bank CEO’s cannot positively influence the outcome of their institutions, he seems perfectly willing to assert that they can destroy the bank. This makes no...
5Vote!
SeekingAlpha.com (Free subscription) | 10/03/2009
Tom Lindmark submits: This is old news but I wanted to throw out a couple of thoughts about Ken Lewis and his impending departure. I have no great admiration for the guy nor do I think he particularly deserves a whole lot of sympathy, but I do think that some of the vitriol that has been directed his way by the MSM and the blogosphere has been over the top. Complete Story »
6Vote!
SeekingAlpha.com (Free subscription) | 10/02/2009
Tom Lindmark submits: Hell of a recovery, isn’t it? Let’s see. Auto sales as predicted plunge after the artificial C4C stimulus, ISM falls short of expectations, personal consumption expenditures are up but throw out auto purchases and it doesn’t look all that great and the unemployment numbers went the wrong way. Complete Story »
5Vote!
SeekingAlpha.com (Free subscription) | 09/30/2009
Tom Lindmark submits: Donald Maron has a great post on Treasury securities and the current maturity schedule. It’s short and to the point. Bottom line, the Treasury has been financing the current deficit with short dated securities which makes good sense but sooner or later you have to lengthen them as rates rise. Maron has a good suggestion about how to go about that. Complete Story...
5Vote!
SeekingAlpha.com (Free subscription) | 09/30/2009
Tom Lindmark submits: I’ll jump back into posting with a few thoughts on housing. First, Case-Shiller is out with its July home price survey. It followed the trend of improving prices established over the last couple of months. Nationwide prices were up 1.6% and the number of cities showing price declines dwindled to just two. Here are the numbers for the twenty cities in the survey....