Don’t just howl with rage. | Jonathan Freedland | The Guardian
byThe Guardian indicates the level of bonuses being paid by bailed-out banks and encourages the growth of credit unions. Here’s a figure to chew…
Lending
FT.com / Financials – US prime borrowers fall behind on payments
by Steve BakerVia FT.com / Financials – US prime borrowers fall behind on payments: The number of US prime borrowers behind on home loan payments has…
FT.com / UK – Darling threatens banks over loans
by Steve BakerVia FT.com / UK – Darling threatens banks over loans. Ministers have warned Britain’s banks to increase the supply of affordable loans to businesses…
Kaletsky – How the ECB’s fig leaf has completely withered away
by Steve BakerVia How the ECB’s fig leaf has completely withered away | Anatole Kaletsky: Economic view – Times Online : Last Wednesday, the European Central Bank…
The Earl of Caithness: “The Banking Bill fails to address the fault which has led to every major banking and currency crisis during the past 200 years”
by Steve BakerVia Lords Hansard text for 5 Feb 200905 Feb 2009 (pt 0003): My Lords, the Banking Bill which we are currently discussing in the…
China’s banks are an accident waiting to happen to every one of us – Telegraph
by Steve BakerVia China’s banks are an accident waiting to happen to every one of us – Telegraph: China’s banks are veering out of control. The…
Martin Wolf – Reform of regulation has to start by altering incentives
by Steve BakerVia FT.com / Columnists / Martin Wolf – Reform of regulation has to start by altering incentives: At the heart of the financial industry are…
US Economy: Even Hank Paulson’s bail-out plan cannot detox global banking – Telegraph
by Steve BakerVia US Economy: Even Hank Paulson’s bail-out plan cannot detox global banking – Telegraph: Even if Congress backs the Paulson bail-out, the $700 billion blast…