Critical Crisis http://www.criticalcrisis.com Your headquarters for Financial and Economic Crisis Wed, 22 Feb 2012 20:31:32 +0000 en hourly 1 http://wordpress.org/?v=3.0 (Nearly) Open Thread, February 22 2012 (slacktivist) http://www.criticalcrisis.com/2012/02/22/nearly-open-thread-february-22-2012-slacktivist/ http://www.criticalcrisis.com/2012/02/22/nearly-open-thread-february-22-2012-slacktivist/#comments Wed, 22 Feb 2012 20:31:32 +0000 admin http://www.criticalcrisis.com/2012/02/22/nearly-open-thread-february-22-2012-slacktivist/ divShare With Friends: a href=”http://news.feedzilla.com/en_us/share/politics/top-stories/203335074?client_source=feedshare_type=0format=rss” title=”Share on Facebook” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/facebook.gif” border=”0″ width=”16″ height=”16″ alt=”Share on Facebook” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/203335074?client_source=feedshare_type=1format=rss” title=”Tweet This” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/twitter.gif” border=”0″ width=”16″ height=”16″ alt=”Tweet This” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/203335074?client_source=feedshare_type=2format=rss” title=”Post to Google-Buzz” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/googlebuzz.gif” border=”0″ width=”16″ height=”16″ alt=”Post to Google-Buzz” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/203335074?client_source=feedshare_type=4format=rss” title=”Send on Gmail” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/gmail.gif” border=”0″ width=”16″ height=”16″ alt=”Send on Gmail” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/203335074?client_source=feedshare_type=8format=rss” title=”Post to Linked-In” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/linkedin.gif” border=”0″ width=”16″ height=”16″ alt=”Post to Linked-In” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/203335074?client_source=feedshare_type=3format=rss” title=”Subscribe to This Feed” target=”_blank”img src=”http://s.feedzilla.com/images/rss-16×16.png” border=”0″ width=”16″ height=”16″ alt=”Subscribe to This Feed” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //a | a href=”http://newstreamer.com/twitter/subscribe.aspx?pub=2feedUrl=http%3A%2F%2Fapi.feedzilla.com%2Fv1%2Fcategories%2F3%2Fsubcategories%2F90%2Farticles.json%3Fclient_source%3Dfeed%26culture_code%3Den_us%26client_source%3DNEWSTREAMER%26count%3D5%26order%3Ddate%26title_only%3D1title=Feedzilla%3A%20Top%20Stories%20Newsutm_source=Feedzillautm_medium=Newstreamerutm_campaign=Feed” title=”Rss To Twitter” target=”_blank”img src=”http://s.feedzilla.com/images/feedzilla-twitter.jpg” border=”0″ alt=”Rss To Twitter” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //a | a href=’http://news.feedzilla.com/en_us/news/politics/top-stories.rss?client_source=feed’Politics – Top Stories News/a, a href=’http://www.feedzilla.com/rss.asp’RSS/a and a href=’http://news.feedzilla.com/en_us/news/politics/top-stories.rss?client_source=feed’RSS Feed/a via Feedzilla./div

]]> http://www.criticalcrisis.com/2012/02/22/nearly-open-thread-february-22-2012-slacktivist/feed/ 0 How Banks Shirked The Bill For The Crisis And Emerged Richer Than Ever http://www.criticalcrisis.com/2012/02/22/how-banks-shirked-the-bill-for-the-crisis-and-emerged-richer-than-ever/ http://www.criticalcrisis.com/2012/02/22/how-banks-shirked-the-bill-for-the-crisis-and-emerged-richer-than-ever/#comments Wed, 22 Feb 2012 16:32:22 +0000 admin http://www.criticalcrisis.com/2012/02/22/how-banks-shirked-the-bill-for-the-crisis-and-emerged-richer-than-ever/ pThere are many myths surrounding the ldquo;American banking industryrdquo; as it relates to its health and well-being. In that regard, the banking analysis that follows is an attempt to bring clarity as to where the U.S. banking industry currently stands at the end of 2011 and to explain what really took place in the banking environment over the past five years since our latest financial crisis began in 2007./p
pThe facts show that bank bill for the banking industryrsquo;s ill-begotten ways of approximately $600 billion has been paid for using three primary methods: (1) by passing less of the bankrsquo;s interest spread between lending and borrowing over to its customers; (2) by paying less dividends out to its stockholders; and (3) paying less taxes to thenbsp; government./p
pThe facts also show that bank equity and bank salaries are now above pre-crisis levels and bank cash on hand is up 150%. Seemingly only bank lending is down./p
pSo donrsquo;t cry for me, Argentina. Who ever said that bankers did not know what they were doing?/pimg src=http://static6.businessinsider.com/image/4f44f529eab8ea8371000032-400-300/.jpg alt= /
ppemPresentation by a href=http://www.businessinsider.com/author/jim-boswellJim Boswell /aof a href=http://quanta-analytics.com/Quanta Analytics/a.The source of the financial information appearing in this presentation is the Federal Financial Institution Examination Council (FFIEC) Call Reports and the Office of Thrift Supervision (OTS) Thrift Financial Reports submitted quarterly to the Federal Government by the more than 7,000 U.S. FDIC-insured depository institutions, including Bank of America, Citigroup, JP Morgan/Chase, and Wells Fargo. All data presented reflects the highest level of consolidation (e.g., domestic and foreign operations). This information is stored in and can be easily retrieved and confirmed by going to the FDIC’s Research Information system database available to the public./em/p/p
br/br/img src=http://static6.businessinsider.com/image/4f44f52f69bedd5a6400000c-400-300/.jpg alt= /
ppemPresentation by a href=http://www.businessinsider.com/author/jim-boswellJim Boswell /aof a href=http://quanta-analytics.com/Quanta Analytics/a.The source of the financial information appearing in this presentation is the Federal Financial Institution Examination Council (FFIEC) Call Reports and the Office of Thrift Supervision (OTS) Thrift Financial Reports submitted quarterly to the Federal Government by the more than 7,000 U.S. FDIC-insured depository institutions, including Bank of America, Citigroup, JP Morgan/Chase, and Wells Fargo. All data presented reflects the highest level of consolidation (e.g., domestic and foreign operations). This information is stored in and can be easily retrieved and confirmed by going to the FDIC’s Research Information system database available to the public./em/p/p
br/br/img src=http://static8.businessinsider.com/image/4f44f52fecad04981300000e-400-300/.jpg alt= /
ppemPresentation by a href=http://www.businessinsider.com/author/jim-boswellJim Boswell /aof a href=http://quanta-analytics.com/Quanta Analytics/a.The source of the financial information appearing in this presentation is the Federal Financial Institution Examination Council (FFIEC) Call Reports and the Office of Thrift Supervision (OTS) Thrift Financial Reports submitted quarterly to the Federal Government by the more than 7,000 U.S. FDIC-insured depository institutions, including Bank of America, Citigroup, JP Morgan/Chase, and Wells Fargo. All data presented reflects the highest level of consolidation (e.g., domestic and foreign operations). This information is stored in and can be easily retrieved and confirmed by going to the FDIC’s Research Information system database available to the public./em/p/p
br/br/a href=http://www.businessinsider.com/how-banks-shirked-the-bill-for-the-crisis-and-emerged-richer-than-ever-2012-2#-4See the rest of the story at Business Insider/a
ppPlease follow a href=http://www.businessinsider.com/clusterstock?utm_source=verticalutm_medium=articlebottomutm_term=utm_content=bisiteutm_campaign=recircClusterstock/a on a href=http://twitter.com/#!/clusterstock?utm_source=verticalutm_medium=articlebottomutm_term=utm_content=twitterutm_campaign=recircTwitter/a and a href=http://facebook.com/businessinsider.clusterstock?utm_source=verticalutm_medium=articlebottomutm_term=utm_content=facebookutm_campaign=recircFacebook/a./ppbSee Also:/b/pullia href=http://www.businessinsider.com/american-bankers-do-not-deserve-22-trillion-in-pay-and-bonuses-2011-9Nassim Taleb: The American Economy Will Transfer $5 Trillion To Banker Pay And Bonuses Over The Next 10 Years/a/lilia href=http://www.businessinsider.com/watch-bbc-newsreader-stunned-as-trader-predicts-wipeout-of-savings-2011-9WATCH: BBC Newscaster Stunned As Trader Predicts Wipeout Of Savings/a/lilia href=http://www.businessinsider.com/follow-the-money-behind-europes-debt-crisis-lurks-another-giant-bailout-of-wall-street-2011-10ROBERT REICH: Behind Europe’s Debt Crisis Lurks Another Giant Bailout of Wall Street/a/li/ul

]]> http://www.criticalcrisis.com/2012/02/22/how-banks-shirked-the-bill-for-the-crisis-and-emerged-richer-than-ever/feed/ 0 Existing home sales at 1-1/2 yr-high, supply falls (Reuters) http://www.criticalcrisis.com/2012/02/22/existing-home-sales-at-1-12-yr-high-supply-falls-reuters/ http://www.criticalcrisis.com/2012/02/22/existing-home-sales-at-1-12-yr-high-supply-falls-reuters/#comments Wed, 22 Feb 2012 16:32:15 +0000 admin http://www.criticalcrisis.com/2012/02/22/existing-home-sales-at-1-12-yr-high-supply-falls-reuters/ A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)Reuters – U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.

]]> http://www.criticalcrisis.com/2012/02/22/existing-home-sales-at-1-12-yr-high-supply-falls-reuters/feed/ 0 Marie Colvin Died In Syria While Exposing ‘The Horrors Of War’ http://www.criticalcrisis.com/2012/02/22/marie-colvin-died-in-syria-while-exposing-the-horrors-of-war/ http://www.criticalcrisis.com/2012/02/22/marie-colvin-died-in-syria-while-exposing-the-horrors-of-war/#comments Wed, 22 Feb 2012 16:31:24 +0000 admin http://www.criticalcrisis.com/2012/02/22/marie-colvin-died-in-syria-while-exposing-the-horrors-of-war/ One of two journalists killed today, she spent her life reporting from war zones across the world to illuminate the tragedies and perils that ordinary people caught in extraordinary events face.

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]]> http://www.criticalcrisis.com/2012/02/22/marie-colvin-died-in-syria-while-exposing-the-horrors-of-war/feed/ 0 Bank of England panel split on size of stimulus (AP) http://www.criticalcrisis.com/2012/02/22/bank-of-england-panel-split-on-size-of-stimulus-ap/ http://www.criticalcrisis.com/2012/02/22/bank-of-england-panel-split-on-size-of-stimulus-ap/#comments Wed, 22 Feb 2012 10:31:51 +0000 admin http://www.criticalcrisis.com/2012/02/22/bank-of-england-panel-split-on-size-of-stimulus-ap/ AP – Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to the meeting showed Wednesday.

]]> http://www.criticalcrisis.com/2012/02/22/bank-of-england-panel-split-on-size-of-stimulus-ap/feed/ 0 Activist: 2 Foreign Journalists Killed In Syria http://www.criticalcrisis.com/2012/02/22/activist-2-foreign-journalists-killed-in-syria/ http://www.criticalcrisis.com/2012/02/22/activist-2-foreign-journalists-killed-in-syria/#comments Wed, 22 Feb 2012 10:31:22 +0000 admin http://www.criticalcrisis.com/2012/02/22/activist-2-foreign-journalists-killed-in-syria/ A Syrian activist said two foreign journalists were killed Wednesday by Syrian government forces shelling the restive central city of Homs. The report could not be immediately confirmed.

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]]> http://www.criticalcrisis.com/2012/02/22/activist-2-foreign-journalists-killed-in-syria/feed/ 0 Pace of new credit card accounts picks up in 2011 (AP) http://www.criticalcrisis.com/2012/02/22/pace-of-new-credit-card-accounts-picks-up-in-2011-ap/ http://www.criticalcrisis.com/2012/02/22/pace-of-new-credit-card-accounts-picks-up-in-2011-ap/#comments Wed, 22 Feb 2012 04:31:53 +0000 admin http://www.criticalcrisis.com/2012/02/22/pace-of-new-credit-card-accounts-picks-up-in-2011-ap/ AP – More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession.

]]> http://www.criticalcrisis.com/2012/02/22/pace-of-new-credit-card-accounts-picks-up-in-2011-ap/feed/ 0 U.N. Nuclear Agency Reports Failed Iran Talks http://www.criticalcrisis.com/2012/02/22/u-n-nuclear-agency-reports-failed-iran-talks/ http://www.criticalcrisis.com/2012/02/22/u-n-nuclear-agency-reports-failed-iran-talks/#comments Wed, 22 Feb 2012 04:31:16 +0000 admin http://www.criticalcrisis.com/2012/02/22/u-n-nuclear-agency-reports-failed-iran-talks/ The International Atomic Energy Agency acknowledged its renewed failure in trying to probe suspicions that Tehran has worked secretly on atomic arms, in a statement issued shortly after an Iranian general warned of a pre-emptive strike against any nation that threatens Iran.

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]]> http://www.criticalcrisis.com/2012/02/22/u-n-nuclear-agency-reports-failed-iran-talks/feed/ 0 100% Proof Mitt (talking-points-memo) http://www.criticalcrisis.com/2012/02/21/100-proof-mitt-talking-points-memo/ http://www.criticalcrisis.com/2012/02/21/100-proof-mitt-talking-points-memo/#comments Wed, 22 Feb 2012 02:31:52 +0000 admin http://www.criticalcrisis.com/2012/02/21/100-proof-mitt-talking-points-memo/ divShare With Friends: a href=”http://news.feedzilla.com/en_us/share/politics/top-stories/202872208?client_source=feedshare_type=0format=rss” title=”Share on Facebook” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/facebook.gif” border=”0″ width=”16″ height=”16″ alt=”Share on Facebook” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/202872208?client_source=feedshare_type=1format=rss” title=”Tweet This” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/twitter.gif” border=”0″ width=”16″ height=”16″ alt=”Tweet This” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/202872208?client_source=feedshare_type=2format=rss” title=”Post to Google-Buzz” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/googlebuzz.gif” border=”0″ width=”16″ height=”16″ alt=”Post to Google-Buzz” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/202872208?client_source=feedshare_type=4format=rss” title=”Send on Gmail” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/gmail.gif” border=”0″ width=”16″ height=”16″ alt=”Send on Gmail” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/202872208?client_source=feedshare_type=8format=rss” title=”Post to Linked-In” target=”_blank”img src=”http://cache.addthiscdn.com/icons/v1/thumbs/linkedin.gif” border=”0″ width=”16″ height=”16″ alt=”Post to Linked-In” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //aa href=”http://news.feedzilla.com/en_us/share/politics/top-stories/202872208?client_source=feedshare_type=3format=rss” title=”Subscribe to This Feed” target=”_blank”img src=”http://s.feedzilla.com/images/rss-16×16.png” border=”0″ width=”16″ height=”16″ alt=”Subscribe to This Feed” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //a | a href=”http://newstreamer.com/twitter/subscribe.aspx?pub=2feedUrl=http%3A%2F%2Fapi.feedzilla.com%2Fv1%2Fcategories%2F3%2Fsubcategories%2F90%2Farticles.json%3Fclient_source%3Dfeed%26culture_code%3Den_us%26client_source%3DNEWSTREAMER%26count%3D5%26order%3Ddate%26title_only%3D1title=Feedzilla%3A%20Top%20Stories%20Newsutm_source=Feedzillautm_medium=Newstreamerutm_campaign=Feed” title=”Rss To Twitter” target=”_blank”img src=”http://s.feedzilla.com/images/feedzilla-twitter.jpg” border=”0″ alt=”Rss To Twitter” style=”border:0; veritcal-align:middle; ” align=”absbottom” vspace=”1″ hspace=”2″ //a | a href=’http://news.feedzilla.com/en_us/news/politics/top-stories.rss?client_source=feed’Politics – Top Stories Stories/a, a href=’http://www.feedzilla.com/rss.asp’RSS/a and a href=’http://news.feedzilla.com/en_us/news/politics/top-stories.rss?client_source=feed’RSS Feed/a via Feedzilla./div

]]> http://www.criticalcrisis.com/2012/02/21/100-proof-mitt-talking-points-memo/feed/ 0 Dow 13,000: What got it there? http://www.criticalcrisis.com/2012/02/21/dow-13000-what-got-it-there/ http://www.criticalcrisis.com/2012/02/21/dow-13000-what-got-it-there/#comments Wed, 22 Feb 2012 02:31:21 +0000 admin http://www.criticalcrisis.com/2012/02/21/dow-13000-what-got-it-there/ For the first time since May, 2008, the Dow Jones Industrial Average traded above the psychological milestone of 13,000. Yes, 13,000 is just a number, but every time we reach a milestone, it helps investors shed a little bit more of their post-financial crisis stress disorder. Given that the Dow was touched a 52-week low [...]img src=”http://feeds.feedburner.com/~r/EconomicCrisisInUs/~4/BbK9mFDK03c” height=”1″ width=”1″/

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