How Hot Money Is Wrecking the US Banking System
from Money Morning, my usual "What the hell is wrong with our government, the sky is falling" web site
[Editor's Note: The Federal Deposit Insurance Corp. insurance fund that protects your deposits is $20.9 billion in the red. One of every 11 U.S. banks is in trouble. And it's going to get worse. Neither the FDIC, [...]
Plans to Hide Commercial Real Estate Losses Won’t Avert a Double-Dip Downturn
*** REPRINT ***
By Shah Gilani, Contributing Editor, Money Morning
Sooner or later, mounting losses on commercial real estate could crash through the market's 2009 optimism and send the economy and stocks into a double-dip downturn.
The major problem is that lawmakers and regulators are setting up investors into believing that commercial real estate (CRE) losses are being [...]
Repost: ID Theft
I stumbled across this ID Theft article today and thought I'd pass it along. I've written about ID theft before, but this serves as a good reminder.
It's interesting to note that most ID theft does not occur online; rather, it's in the physical world. Things like discarded mail, stealing your credit card info, and stealing [...]
Warning: This is Not Another Wall Street Conspiracy Theory, These are the Facts
This is an interesting story about the latest financial crisis, aka Mortgage Meltdown, Credit Crisis, the Day the Music Died…
Just last week, the House Committee on Oversight and Government Reform held a hearing on the U.S. Federal Reserve’s decision to directly pay billions of dollars to banks as part of its scheme to bail out [...]
This Time, It’s Different
Have you ever heard those words before? No, me either
One of my "must read" newsletters is written by John Mauldin and it's called – appropriately – John Mauldin's Weekly E-Letter. I get it each week in my inbox; I suggest you do the same.
I will caution you, however, that it may scare the pants [...]
