Category Credit crisis

From The Big Picture Just when you think there is a glimmer of hope that some of these ne’er do well, lying, cheating, sniveling, cowardly bank CEOs might finally be forced to step up to the confessional and tell all,…

The market partied yesterday because, hey, all the bad news must out by now, right? Well, we’ve heard that song and dance for some months now, haven’t we? Then more bad news comes out. (In the meantime, shorts like me…

Video tour of a beater of a house in Vista CA that sold for $465,000 in 2005. Yours for the bargain price of just $180,000. Jim’s commentary is a hoot. Tip: Calculated Risk

Filings for subprime class-action suits are up 400%.

Just a minor $5.7bn writedown and a desperate attempt to raise $8.5bn in new stock. But wait, didn’t they announce earnings last week yet made no mention of this? Why did Merrill fail to disclose this write-down to shareholders when…