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Are banks too big to jail?
From Salon.com
Wednesday, Jan 23, 2013 10:09 AM PST
PBS Frontline's stunning report shows how the Obama administration undermined the rule of law
By David Sirota
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The U.S. Housing Crisis: Where are home loans underwater?
With U.S. home values falling by nearly 25% since peak in 2007, many homeowners are now underwater in their mortgages, meaning they owe more than their home is worth. Search our interactive map to discover what percentage of homes in your county or ZIP code are in negative equity, based on Zillow's first quarter 2012 data.
existing home sales, societal breakdown, credit default swaps, the |_____ club, derivatives, subprime, global financial trainwreck of 2007-?, foreclosures, 52 week lows, mortgage delinquency rates, real estate bubble, anatomy of a meltdown, economic collapse, loan defaults, 'capitalism', 50 state slump, home prices, appraisalsQuote of The Day
"Near the end of a society or civilization, they typically become very corrupt. Either the government runs the businesses or the businesses run the government." ~Marc Faber [Source]
tags: mass democracy has failed, the corporate state, the collapse of the republicQuote of The Day
"When the capital development of a country becomes a by-product of the activities of a casino, it is likely to be ill-done.” ~John Maynard Keynes
[Source]Lost Decades? Maybe... If We're Lucky!
Japan, those lucky ducks, may have gotten off easy compared to what the U.S. & Europe may actually be going through.
CNBC
Japan's Lost Decade: Still a Risk for US Economy
As the U.S. economy slouches toward another recession and confidence in policymakers erodes, investors are coming to grips with the notion that the country may already be several ( Read more... )Coming Soon To A Theater Near You
Lehman II
MarketWatch.com
Lehman Brothers II crisis is coming soon
Commentary: Canadian strategist says debt will produce ‘ugly’ result ( Read more... )Lehman-esque banking crisis continues building
CNBC
ECB's Coene: Crisis Heading to 2008/9 LevelThe problems of liquidity and confidence in Europe are not as severe as during post-Lehman crash, but are heading in that direction, ECB Governing Council member Luc Coene said in an interview published on Friday ( Read more... )
