The news has been consistently full of disheartening records of ‘lowest since’ and ‘highest since’ for quite a while.  Unemployment is still rising if not accelerating.   12% of all homes with mortgages are either in default, delinquent, or foreclosure.  Nearly every econ...

Technology Surprise - cyber-crooks are targeting Facebook. This is like shooting fish in a barrel, but Facebook participants won’t understand that until it’s too late. They are busy throwing up pages in a vain attempt to garner attention, and have to figure out that the barrel is already...

Interesting WSJ interview with Nouriel Roubini, the man who saw the crash coming and tried to sound the alarm: "Again, I don't want to personalize things, but the last decade was one of self-regulation. But in the financial markets, without proper institutional rules, there's the law of the jungle -...

The meme du jour today will be the wide scale insolvency of the banking industry.   Which is the greater moral hazard  - continuing to prop up an untruth or saying the un-sayable?  Is the problem simply the unwillingness to make those who gambled big and crapped out realize their losses?  Is con...

Accrued Interest has the straight-talk on the balance sheet of Fannie Mae’s brother Freddie. The highlight of the Q & A is this loaded question… Q: Freddie Mac’s senior debt rating is still AAA, which is about as much bullshit as Ambac. How can these guys keep losing money quar...