Unemployment: The Worst-Hit States In July (MAP)

Unemployment: The Worst-Hit States In July (MAP)
The bleeding continues. CA is at 11.6%. Ouch

Here Comes Trouble: Three Problems - The Market Ticker

Here Comes Trouble: Three Problems - The Market Ticker
Just in case you where thinking he does not have enough problems, the social secuirty system is now much closer to blowing up as well.

Are Spanish banks hiding their losses?

FT Alphaville » Blog Archive » Are Spanish banks hiding their losses?
Looks that way and it is not good.

Calculated Risk: Guaranty Bank: OTS Closes the Barn Door

Calculated Risk: Guaranty Bank: OTS Closes the Barn Door
Kind of like closing the barn door after the horse escapes.

We Need RTC-II

We Need RTC-II - NOW - The Market Ticker
There are some deep problems with the Banks. Clearly the FDIC and other regulators are allowing them to hobble along. God help us all.

Foreclosure report

Clariden Leu: Investment Research: Private Banking
It seems clear we are done with the subprime but everything else is souring now.

Collateral Damage From Cash for Clunkers

Fundmastery Blog » Blog Archive » Collateral Damage From Cash for Clunkers
I thought it was funny people where shocked that people want free money!

Time to Legalize Drugs

Peter Moskos and Stanford "Neill" Franklin - Time to Legalize Drugs - washingtonpost.com
The time is now :)

Iceland and Latvia

Michael Hudson: Iceland and Latvia
Awesome read

Fiji Water: Spin the Bottle | Mother Jones

Fiji Water: Spin the Bottle Mother Jones
Bottle Water is a huge scam. Just my take.

The Great American Bank Robbery

The Great American Bank Robbery
Must watch of the day

CalPERS Admits California "Pension Costs Unsustainable" - So What To Do About It?

Mish's Global Economic Trend Analysis: CalPERS Admits California "Pension Costs Unsustainable" - So What To Do About It?
Clearly CA is far from 'fixed'.

Fitch Announces Expanded Review of U.S. Bank Commercial Real Estate Exposure

Fitch Announces Expanded Review of U.S. Bank Commercial Real Estate Exposure
CRE problems building

Reader’s Digest Plans Chapter 11 Filing - DealBook Blog - NYTimes.com

Reader’s Digest Plans Chapter 11 Filing - DealBook Blog - NYTimes.com
The short version or the Digest version :)

Loss Rates for FDIC higher than during S&L Crisis

Calculated Risk: WSJ: Loss Rates for FDIC higher than during S&L Crisis
Big risk, the banks are cost more on percentage basis. IE they are not just insolvent they are massive insolvent.

5 more Banks count at 77

http://www.businessinsider.com/over-wins-5-banks-fail-2009-8