Friday, January 13, 2017

Friday roundup (01-13-2017)

Fiat Chrysler Faces U.S. Criminal Emissions Investigation (Bloomberg)

Bank of America CEO Moynihan: Optimism about Trump administration is ‘palpable’ (The Charlotte Observer blogs) It's OK to Love Banks Again (Bloomberg)

Harvest Community in N.J. becomes first bank failure of new year (The American Banker) Harvest Community Bank of Pennsville NJ had a troubled assets ratio of 366.9 percent. (BankTracker)

Review of the 2016 Bank Failures and Their Effects on Depositors (DepositAccounts blog)

     The aim of this blog is to show (mostly from reports in mainstream respected news sources) that there is reason to believe that both the United States and the global economies remain fragile in the wake of the financial crisis of 2008 and that a number of threats exist today that could, if they worsened, bring about economic depression -- not just a minor depression, but a depression worse than the Great Depression. Key threats include excessive risk-taking by financial firms, unchecked by effective regulation; the continued existence of "too big to fail" institutions; and most especially, the amassing of levels of public and private debt which could become unsustainable.

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