Category Credit crisis

The Federal Deposit Insurance Corp expects there will be over 100 bank failures in the next year or two, especially in the Rust Belt, California, Florida, and Georgia. Yikes.

The pigs at the trough greedfest that has been prevalent these past several years in the financial markets may be coming to an end. The Financial Times says the current financial model where governments let business self-regulate is no longer…

Today was what I think could be counted as a pretty good confirmation of the existence of PPT (plunge protection team) and they way it works. This would be the rumor that Ambac might be bailed out that sent a…

A $50 million dollar assistance plan for first-time homeowners in CT who have resetting subprime mortgages has been a dismal failure, with only 25 homeowners getting help to date. A spokesperson for comatose CT Gov. Jodi Rell said “she is…