Month December 2009

Bank Failure Friday. Seven more banks went down

That’s 140 so far this year. Some banks had uninsured depositors (because they had more in the bank than the insured limit.) Calculated Risk’s unofficial problem bank list has increased to 551, and they have it online in a handy,…

Flopenhagen

The US did as little as they could at COP15. Obama’s speech in Copenhagen today was tepid, and the pretend agreement just announced is way too little, with even the US government saying it wasn’t enough to stop climate change.…