Category Credit crisis

Bank failures and small businesses

A small business owner, Fran Quittel, posts in California Progress Report that she lost 50% of her amount deposited over $100,000 when IndyMac failed. Understandably, she is frantic, looking for someone to blame. She thinks the blame goes to the…

More on bank failures

The FDIC seized two more banks on Friday. Mish says If you must [have money in a bank above the FDIC limit] for some reason (corporate payroll for example), at least pick a bank the Fed and the FDIC will…

About that foreclosure suicide

Tanta at Calculated Risk does some digging, and wonders why mainstream media missed important facts, like why the cop said (with no proof) that the couple must have had an adjustable rate mortgage, why the husband said he had no…