Banks: Troubled Asset Ratio
The American University School and MSNBC have created a tool for tracking the "troubled asset ratio" for banks. This tool allows you to search for individual banks. [...more]
Tag Archive | "case shiller"
IMF Managing Director: "Too early to claim victory"
A quote from Bloomberg: Strauss-Kahn Says Crisis Consequences Will Last Long Time “We will still have rising unemployment at least for a year,” [International Monetary Fund Managing Director Dominique] Strauss-Kahn said via videolink in an address to the Yalta European Strategy Conference from Washington. [...more]
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L.A. Times: A House is a Home
From Peter Hong at the LA Times: Don't bank on your home as an ATM (ht Ann). A few excerpts: For generations of Americans, a home was seen not simply as a dwelling, but as an engine of personal wealth. That view was promoted by the home-building and real estate sales industries as well as the U.S [...more]
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G-20 Agreements
From the NY Times: Group of 20 Agrees on Far-Reaching Economic Plan The leaders pledged to rethink their economic policies in a coordinated effort to reduce the immense imbalances between export-dominated countries like China and Japan and debt-laden countries like the United States, which has long been the world’s most willing consumer. The United States will be expected to increase its savings rate, reduce its trade deficit and address its huge budget deficit [...more]
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Problem Bank List (Unofficial) Sept 25, 2009
This is an unofficial list of Problem Banks. Changes and comments from surferdude808: Another week with significant changes to the Unofficial Problem Bank List as the FDIC released its enforcement actions for August. We will not get another release from the FDIC until the end of October [...more]
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Bank Failure #95: Georgian Bank, Atlanta, GA
Atlanta Georgia Just five simple syllables Foreclosure central by Rob Dawg (SGIP out today) From the FDIC : First Citizens Bank and Trust Company, Incorporated, Columbia, South Carolina, Assumes All of the Deposits of Georgian Bank, Atlanta, Georgia Georgian Bank, Atlanta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. .. [...more]
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Freddie Exec Compensation, Bandos, Market and more
Michelle at Footnoted.org digs up the employment contract for Freddie Mac's new CFO: Taxpayer funded signing bonus at Freddie Mac? • annual compensation of $3.5 million (this includes $675K in salary, $1.6 million in something called “additional annual salary” and $1.1 million in a target incentive • a $1.95 million signing bonus • immediate buyout of Kari’s house Why is Freddie paying more than the private sector? And I bet Geithner is jealous about the house deal! Click on graph for larger image in new window. [...more]
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FDIC: "Credit quality declined sharply" for Shared National Credits
From the FDIC: Credit Quality Declines in Annual Shared National Credits Review Notes from the Fed: A SNC is any loan and/or formal loan commitment, and any asset such as other real estate, stocks, notes, bonds and debentures taken as debts previously contracted, extended to borrowers by a supervised institution, its subsidiaries and affiliates. Further, a SNC must have an original amount that aggregates $20 million or more and either 1) is shared by three or more unaffiliated supervised institutions under a formal lending agreement or 2) a portion is sold to two or more unaffiliated supervised institutions with the purchasing institutions assuming their pro rata share of the credit risk [...more]
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Hotel RevPAR off 18.3 Percent
We are now into the business travel season, and as expected, RevPAR is off sharply from 2008. From HotelNewsNow.com: Oahu Island occupancy increases in STR weekly numbers Overall the U.S [...more]
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Existing Home Sales Decline in August
The NAR reports: Existing-Home Sales Ease Following Four Monthly Gains Existing-home sales – including single-family, townhomes, condominiums and co-ops – declined 2.7 percent to a seasonally adjusted annual rate1 of 5.10 million units in August from a pace of 5.24 million in July, but remain 3.4 percent above the 4.93 million-unit level in August 2008. In the previous four months, sales had risen a total of 15.2 percent. ... [...more]
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