Archive for April, 2008
Monday, April 14th, 2008
25 YEARS OF DEEP RECESSION?
Yes, you read well… and if we’re lucky “deep recession” is a mild terminology. The worse case scenario is the “D” word - like depression.
Whie this is true that we do not have to become paranoid every time somebody is ‘crying wolf’, this time we’d take it very seriously because the fundamentals say so.
Let’s […]
No Comments » - Posted in News by Sharon Kayser
Tuesday, April 8th, 2008
150 BANK FAILURES PREDICTED
Major headlines today and simply shocking.
Some US banks face failure as credit problems mount-RBC
Mon Apr 7, 2008 (Reuters) - During the next two to three years, U.S. bank failures will likely increase dramatically from the low levels recorded from 2004 to 2007, as credit problems mount for the industry, a RBC Capital Markets analyst […]
No Comments » - Posted in News by Sharon Kayser
Tuesday, April 8th, 2008
THE COLLAPSE OF THE MIDDLE CLASS - VIDEO
Distinguished law scholar Elizabeth Warren teaches contract law,
bankruptcy, and commercial law at Harvard Law School. She is an outspoken critic of America’s credit economy, which she has linked to the continuing rise in bankruptcy among the middle-class.
http://www.youtube.com/watch?v=akVL7QY0S8A&eurl
No Comments » - Posted in News by Sharon Kayser
Monday, April 7th, 2008
BANKS CREATE ABSURD MORAL HAZARDS
It ain’t over yet until it is over.
Faced with a growing number of homeowners walking away, even sometimes with their pet still inside, banks are so overwhelmed that they have found a new way to handle the crisis.
April 4 (Bloomberg) — Banks are so overwhelmed by the U.S. housing crisis they’ve started to look the […]
