1worldcurrency

Islamic Banking in America?

The Islamic interest taboo encourages "clever" financial shenanigans designed to deceive everyone involved, including themselves. Things may be working in Malaysia, but most Arabian states are still basically just pumping oil and the distribution wealth is more inequitable than even the US.

Writedowns and Capital Raised by Financial Firms

interesting the way they decided to change their accounting so that loans are not delinquent until 180 days instead of 120. Very shady.
Also beware their black box of tier 3 assets.

Writedowns and Capital Raised by Financial Firms

Good luck staying solvent with Wells Fargo. They are overextended in the worst real estate markets with a growing percentage of non-performing loans. Alt-A will finish them off.