Econintersect: Click Read more >> below graphic to see today’s list.
The top of today’s reading list reports on JP Morgan Chase problems …….. and the last article extends the discussion to a $57 billion problem with bad FHA loans for all the banks.
- JPMorgan Chase’s Wild Ride (Brian O’Connell, Investing Daily) Brian O’Connell has contributed to Global Economic Intersection.
- Shutdown showdown: Have the Democrats already lost? (Anthony Zurcher, BBC)
“The Democratic Party has beaten back every attempt to dismantle healthcare reform, while Republicans have been divided over strategy. But with a budget debate focused on conservative priorities and inconclusive poll numbers, while congressional elections remain a long way off, do Democratic claims of victory ring hollow?“
- Whistleblower Suit Confirms that the New York Fed is in the Goldman Protection Racket (Yves Smith, Naked Capitalism) Great discussion of details. See also GEI News.
- How Japan’s national debt grew so large (Barry Ritholtz, The Big Picture)
- Pulverized Asteroid around Distant Star Was Full of Water (Clara Moskowitz, Scientific American)
“The first discovery of a rocky, watery object beyond our solar system shows how planets might get their oceans.”
- Scientists Cook Up Mars-Like Clouds On Earth In Former Nuclear Reactor (Elizabeth Howell, Space.com) Experiments appear to indicate there may be more water vapor on Mars than previously thought.
- Everyone The U.S. Government Owes Money To, In One Graph (Quoctrung Bui, Planet Money, NPR)
Federal Gov. (46%) + Foreign (33%) + Domestic (21%) = Total (100%)
- Some say health-care site’s problems highlight flawed federal IT policies (Craig Timberg and Lena H. Sun, The Washington Post) Article has a very thorough explanation of problems in an interview video. See also GEI News.
- Being A Long Term Investor in a Short Term World (Barry Ritholtz, The Big Picture)
- Buried in the Fine Print: $57B of FHA Loans Big Banks May Have to Eat (Kate Berry, American Banker)