Three more oversight reports released last week criticized the supervision of failed banks.
The Federal Deposit Insurance Corp.’s inspector general evaluated the March failures of the $325 million-asset FirstBank Financial Services in McDonough, Ga., and the …

Commodity Online have a good article that asks the question, “Could the Great Depression happen again or did America learn its lesson?”
“Most economists, including Federal Reserve Chairman Ben Bernanke, agree that the primary catalyst for …

Two contrasting statements are hitting the front pages today.  On one side of the Atlantic, deflation has arrived in the U.K. High Streets. A report from British Retail Consortium (BRC)-Nielsen Shop Price Index shows that …

While there’s no universally accepted bear market definition, it’s often posited that a 20% drop in a commodity or security places it in bear market territory.
However, the Wall Street Journal Almanac offers a bear market definition …

A new report by Fitch Ratings, suggests that the the housing market is likely to suffer a new round of foreclosures. The report focuses on the fact that about 70 percent of Adjustable Rate Mortgages (ARMs) will adjust in 2011, leaving the note holders with higher payments. These ARMs represent $189 billion in outstanding debt.