around the web

The finance blog Calculated Risk continues to publish its "unofficial problem bank list." The Fed money spigot may result in less failed banks this time around but if you have money in a bank it's worth watching. "The first unofficial problem bank list was published in August 2009 with 389 institutions. The number of unofficial problem banks grew quickly and peaked at 1,003 institutions in July, 2011 -- and has steadily declined to well below 100 institutions." [Calculated Risk]

The April 2020 list has 64 banks. [Calculated Risk]

At the end of World War II, Federal troops seized Montgomery Ward (an Amazon of its day) and bodily carried its CEO out of its Chicago headquarters. Most Americans thought this was "going too far" at the time and in the "Orange Man Bad" era it seems even less likely we'll see Bezos being frogmarched to a khaki colored truck (pleasurable as that might be). [Lawfare]