Presidential Fly By: A Swat For The Ages

In a lighter moment, Obama nails a fly that is buzzing him repeatedly during his CNBC interview Tuesday with John Harwood.  Video runs 45 seconds.

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[DailyBail]

After a fairly smooth opening, President Barack Obama faces new concerns among the American public about the budget deficit and government intervention in the economy as he works to enact ambitious health and energy legislation, a new Wall Street Journal/NBC News poll finds.

These rising doubts threaten to overshadow the president's personal popularity and his agenda, in what may be a new phase of the Obama presidency.

http://online.wsj.com/article/SB124527518023424769.html#articleTabs_interactive

[DailyBail]

The Governor of the Bank of England put himself on a collision course with the Government and the City again last night by laying out radical plans for clamping down on banks.

Mervyn King said that he wanted a restriction on the size of banks and that investment banks might have to be split from retail banks. In his annual speech at Mansion House before an audience of bankers and other City grandees, he said that banks should not be allowed to grow so large that they were deemed too big to fail.

http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6523514.ece

[DailyBail]

The Obama administration’s overhaul of financial-industry rules faces a lobbying assault on Capitol Hill, as lawmakers question the Federal Reserve’s role and bankers say the plan may hinder economic growth.

http://www.bloomberg.com/apps/news?pid=20601110&sid=ae85nCexFOv0

[DailyBail]

TALF for CMBS not getting any interest. I wonder why. Maybe it's because CMBS are the most toxic securities out there.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ajo5OhBgsgz8

[DailyBail]

Mall Real Estate Down 60% From Its Peak in Buffalo?

http://blog.retailtrafficmag.com/retail_traffic_court/2009/06/16/more-on-valuations-in-buffalo/

[DailyBail]

State income-tax revenue fell 26% in the first four months of 2009 compared to the same period last year, according to a survey of states by the nonprofit Nelson A. Rockefeller Institute of Government.

http://www.calculatedriskblog.com/2009/06/report-state-personal-income-tax-cliff.html

[DailyBail]

Is the housing bust about to take Manhattan?

http://www.reuters.com/article/newsOne/idUSTRE55D1ON20090614?ref=patrick.net

[DailyBail]

The California Foreclosure Prevention Act, signed by Gov. Schwarzenegger in February, adds 90 days onto the time period between when homeowners default on a loan and when their home can be repossessed in foreclosure. Banks can avoid the 90-day holdup by having a comprehensive program in place to make mortgages more affordable by reducing the interest rate, extending the loan term, or reducing or deferring some of the principal. Such programs must be approved by regulators.

http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2009/06/16/BUIH187NE7.DTL&ref=dailybail.com