BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure - Bloomberg.com

BB&T Said to Be Taking Colonial in Year’s Biggest Bank Failure - Bloomberg.com
One big one down

150 Public Banks May Be Near Death

150 Public Banks May Be Near Death
Is the FDIC broke? If so the cat food story may be closer then we like to think.

Two Analysts Who Think We'll Soon Be Hunting Squirrels And Eating Cat Food

Two Analysts Who Think We'll Soon Be Hunting Squirrels And Eating Cat Food
Awesome headline

Business Bankruptcy Fillings

http://www.abiworld.org/AM/AMTemplate.cfm?Section=Home&TEMPLATE=/CM/ContentDisplay.cfm&CONTENTID=57826

So lets take a look at a couple of things, first a nice chart of Business BK fillings, trending down since 90's, now on the up swing. No big surprise

Now lets look at the consumer, trending up to 2005, then the big BK law casued a spike. Of course that number may be exceed this year.

So lets look more deeply at the last 15 years of business BK

Year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total

2009 14,319 15,319 17,019 18,319 64,976 Estimated Q2,Q3,Q4

If my estimates are correct we are looking at the largest Business BK since the early 90's

Last Week's Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion | zero hedge

Last Week's Insiders Transactions: 10 Buys For $60 Million, 136 Sells For Over $1.15 Billion zero hedge
Rats fleeing the ship? Trouble with making ends meet? Needs to buy car under cash for clunkers?

Details Of The $80 Billlion Prescripton Drug Deal? - The Atlantic Politics Channel

Details Of The $80 Billlion Prescripton Drug Deal? - The Atlantic Politics Channel
So we get a 2% discount in exchange for not being able to bargin or import or marked down. Great.

Citi’s dirty pool of assets

Commentaries » Blog Archive » Citi’s dirty pool of assets Blogs
Big trouble at citi

Emergency Unemployment Compensation

[ The Financial Ninja ]: Emergency Unemployment Compensation
A deeper dive on the Unemployment numbers.

Wish you weren't here: The devastating effects of the new colonialists - Nature, Environment - The Independent

Wish you weren't here: The devastating effects of the new colonialists - Nature, Environment - The Independent
Why resources are the next thing to fight for.

Obama on Drugs: 98% Cheney?#more-2664#more-2664

Greg Palast » Obama on Drugs: 98% Cheney?#more-2664#more-2664
Funny math

Green Shoots? Not Retail Sales or Unemployment Claims | The Big Picture

Green Shoots? Not Retail Sales or Unemployment Claims The Big Picture
As I mention several weeks ago, Retail sales for July where bad. Taking out Autos we see continuing declines. Along with no recover in unemployment numbers. We may be on plateau but not the bottom

Credit Implosion And Depression Coming, We Are So Screwed

Credit Implosion And Depression Coming, We Are So Screwed
Yep, it looks bad

If You Read Nothing Else About the Financial Crisis Read (and Remember) This...

Jesse's Café Américain: If You Read Nothing Else About the Financial Crisis Read (and Remember) This...
Must read of the day

Financial Armageddon: About to Get Blindsided Again

Financial Armageddon: About to Get Blindsided Again
Ginny Mae, why is it all the bad things have southern nicknames.

Chinese Export Collapse Casts Doubt On Recovery

Chinese Export Collapse Casts Doubt On Recovery
Some Problems in China, Net exports -20%.

The Worst Isn’t Over In the Real World - MarketBeat - WSJ

The Worst Isn’t Over In the Real World - MarketBeat - WSJ
I could not think of a better headline

Lawsuits are the latest roadblock for California budget - Los Angeles Times

Lawsuits are the latest roadblock for California budget - Los Angeles Times
This is how your CA goverment works now. I am sure it will all be ok.

The E-Commerce Savior Leaves Town – 24/7 Wall Street#more-43684#more-43684#more-43684

The E-Commerce Savior Leaves Town – 24/7 Wall Street#more-43684#more-43684#more-43684
Ugly numbers.

Half Of US Homeowners Will Be Underwater By 2011

Half Of US Homeowners Will Be Underwater By 2011
Must read, the full presenation of the DB reasearch.

Table A-12. Alternative measures of labor underutilization

Table A-12. Alternative measures of labor underutilization
Wow some good news from last week. May be a mirage cause by Census data and Autoworkers return from BK temporary closures.

Deleveraging the U.S. Economy

Deleveraging the U.S. Economy
Good read

Back tomorrow

Back tomorrow