Posts Tagged ‘stress tests’

Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen. (Ya’ think?)

Foreclosures Poised to Take Down the U.S. Banking System… and even entire economy, says Whalen.  (Ya’ think?)

“Laurie Goodman of Amherst Securities predicts that 1 in 5 mortgages could go into foreclosure without radical action.” Now just a minute here… you’re not saying that one out of five people with mortgages are “irresponsible sub-prime borrowers who never... (Continue reading)

Obama’s Speech Avoids Using the “N” Word…

Obama's Speech Avoids Using the

I realize that his speech the other night was intended to be more State-of-the-Union-like than a presentation of specific solutions, but I still came away feeling a bit like a Christian Scientist with appendicitis. America's banks are, in large part, insolvent.... (Continue reading)

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Obama Administration is Drawing Up Plans to Disclose Conditions of Biggest Banks

Obama Administration is Drawing Up Plans to Disclose Conditions of Biggest Banks

Here we have a senior official who declined to speak on the record because: “the extent of the disclosures were still being debated?” Were they now? By the Obama administration? Now that’s transparency. Change I can Goddamn... (Continue reading)


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