Banking | Akkam's Razor

Daily Links for December 21st

Golden West deal doomed Wachovia in crisis | CharlotteObserver.com - Wachovia, a brand known for conservative lending, had changed course and forged its biggest deal ever. Two and a half years later, the purchase has played a central role in the Charlotte bank's near collapse and its planned sale to San Francisco-based Wells Fargo. Shareholders vote Tuesday on the takeover.
The Washington Monthly - The Bush gang's penchant for secrecy is well known, but let's not forget their goal of taking their secrets with them.
US Flight information and Airport Status - A tool that allows you to track flights.

Tags: Daily Links

GOOD » Books Are the New Cars» - Another day, another imploding industry…
Economist’s View: “Capitalist Fools” - Was there any single decision which, had it been reversed, would have changed the course of history? … The truth is most of the individual mistakes boil down to just one: a belief that markets are self-adjusting and that the role of government should be minimal. … The embrace by America—and much of the rest of the world—of this flawed economic philosophy made it inevitable that we would eventually arrive at the place we are today.

Tags: Daily Links

A Sea of Unwanted Imports - NYTimes.com - And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles. They are turning dozens of acres of the nation’s second-largest container port into a parking lot, creating a vivid picture of a paralyzed auto business and an economy in peril.

Tags: Daily Links

Talking Points Memo | Pundit Patrol - So, what do the pundits say?
Daily Kos: State of the Nation: Three Times is Enemy Action - This is not the first time McCain and the GOP have crashed an economy…
Reading Between the Extremes of Obama Campaign v. Michigan GOP - ProPublica - Outrage over a news story that reported a seemingly heartless plan by Michigan Republicans to use home-foreclosure lists to challenge the residency status of voters escalated last week into the first hot-button lawsuit of the election. Accusations got ugly. American Lawyer suggested it could be this election's Florida 2000 or Ohio 2004.

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The Washington Monthly - More on tax policy…
Angry Bear: Roubini and the Bail-in this weekend - If Lehman collapses expect a run on all of the other broker dealers and the collapse of the shadow banking system[.]

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