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    Economics / bailouts, banking, FDIC, loan losses /

    The Small Bank Crisis

    May 28, 2009

    Lost in all the hubbub about the losses and possible collapse of our largest banks – most of the fuss has been about only the 19 largest banks in the country – is the ongoing crisis that the small, local, banks are facing. So it is worth taking note of what’s going on at the […]

    Economics / consumption, deficits, GDP, health care, interest rates, national debt, nationalization, taxes /

    Health Care, Taxes, and Debt

    May 28, 2009

    As we move more into the legislative agenda of the Obama administration, rather than the triage period of economic recovery, several inter-related issues become very prominent. Obama wants to shift the emphasis of health care towards universal coverage, but has to accomplish this against a very strong headwind: the Reagan/Bush legacy of national debt. The […]

    Economics / auto industry, bankruptcy, creditors, GM, UAW /

    GM Deathwatch Continues

    May 27, 2009

    The news from GM is either grim or encouraging depending upon your point of view regarding the efficacy of bankruptcy. If you till cling to the vision of GM’s importance and value to the overall US economy then its impending demise and re-emergence as a much diminished business will be grim indeed. If you are […]

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