Oct - 31st
FDIC closes 9 more banks on Friday
Posted at 1:01 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
The financial system collapse continues. AP via Yahoo Finance reports that:
Regulators on Friday shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.The banks closed by the Federal Deposit Insurance Corporation were in California, Illinois, Texas and Arizona. They were divisions […]
Oct - 14th
Where did the Billions in Bank Bailouts Go? - Sand, Dirt, Fines & Ghostowns
Posted at 8:11 am | Filed Under Politics, California Housing Crash, The Economy, Real Estate
Oct - 12th
Massive Defaults Coming in Real Estate - 30% - 50% Reductions
Posted at 10:09 am | Filed Under Credit Crunch, Politics, California Housing Crash, The Economy, Real Estate
Oct - 11th
Hyperinflation Nation Part 3/3
Posted at 10:07 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate
Oct - 10th
Hyperinflation Nation Part 2/3
Posted at 2:06 pm | Filed Under Credit Crunch, Politics, Bailout News, The Economy, Real Estate
Oct - 9th
Hyperinflation Nation Part 1/3
Posted at 2:06 am | Filed Under Credit Crunch, Politics, The Economy, Real Estate
Aug - 26th
Tim Geithner answers your questions
Posted at 5:09 pm | Filed Under Politics, The Economy, Real Estate
Aug - 3rd
Roubini says: Double-Dip Recession still possible
Posted at 12:23 pm | Filed Under Politics, Bailout News, The Economy, Real Estate
CNBC reports the following:
The United States, Europe and Japan still face the possibility of a double-dip recession and at the very least will experience below-potential economic growth for the next couple of years, economist Nouriel Roubini told CNBC Monday.
The double-dip is still possible because of very large budget deficits that are being monetized by monetary-policy […]
Aug - 1st
More bank failures ahead
Posted at 2:18 pm | Filed Under Bailout News, Politics, California Housing Crash, Florida Housing Crash, The Economy, Real Estate
Embedded video from CNNMoney.com Video
Jul - 30th
The next wave of foreclosures
Posted at 3:32 pm | Filed Under Politics, Credit Crunch, Bailout News, California Housing Crash, The Economy, Florida Housing Crash, Real Estate
Excellent report on CNNMoney:
Cities in just four states — California, Florida, Arizona and Nevada — captured 29 of the top 30 places with the highest foreclosure rates, according to a report issued by RealtyTrac on Thursday. Greeley, Colo., was the only outsider, coming in at 29th.
Many cities with populations larger than one million experienced rapid […]
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