This is going to be an economic grab bag post. Shahien Nasirirpour (Financial Times of London) reports that, in my state, the Attorney General Martha Coakley (who lost her Senate race to Scott Brown) has sued Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial about their seizure of homes without following appropriate procedures.
In addition, Barack has decided he needs a Consumer Financial Protection Bureau chief. Back to my state and Senate races, Elizabeth Warren is running for the Senate seat currently held by Scott Brown (who is seeking re-election) and Warren wouldn't be doing that if Barack has appointed her to the CFPB chief. She wanted the position. There was a huge campaign to have her named there -- YouTube videos and much more -- by supporters. He passed. Now he needs to fill the position. You think people aren't going to wonder why he's not naming Warren even now? I think they will.
Retail sales are up for last month -- driven up by the Black Friday sales. Were it not for that, they would have been flat.
Auto sales are up. I have no reason why that is so I'm willing to see (hope) this is a sign that the economy might have hit bottom. I'm not saying the economy's rebounded. And I'm also aware that it may not have hit bottom. But, as Jack says in those Jack 'N The Box commercials these days, "Oh, I'm so ready for this recession to be over."
This is C.I.'s "Iraq snapshot" for Thursday: