A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up - Home - The Daily Bail

A 25 Billion Dollar Secret: The NY Fed, Goldman & The AIG Cover-Up - Home - The Daily Bail
Back room deals to help wall street. No question who owns our government.

Fannie Mae (FNM), In Trouble Again, Begs For $15 Billion – 24/7 Wall St.#more-52539#more-52539#more-52539

Fannie Mae (FNM), In Trouble Again, Begs For $15 Billion – 24/7 Wall St.#more-52539#more-52539#more-52539
The money hole needs feeding.

U6 continues its climb and U3 cross 10%

Table A-12. Alternative measures of labor underutilization
Headline goes 10.2% and real unemployment 17.5%. Ouch

Labor Data: Milking More Blood From Stones – 24/7 Wall St.

Labor Data: Milking More Blood From Stones – 24/7 Wall St.
Could not say it better. We are deflating wages, driving harder and not hiring. Not a sign of recovery by any means.

Business Bankruptcy 2009 update

http://doomisnigh.blogspot.com/2009/08/business-bankruptcy-fillings.html
Back in August I thought my predictions would be close to target but second Quarter blew past my prediction of 15+ thousands. Topping 16 thousands which is bad a record for any quater and almost matches all of 2006 the last 'good' year. Also 2nd QT is typical the slow quater for BK. I would imaging the Q3 numbers will be even worse and one wonders what the Citi BK will have (A spike would not surprising as credit dries up sales at smaller merchants). In short big problems in the business sector.

Threat Of Downgrades Has Mexico In A Downward Spiral

Threat Of Downgrades Has Mexico In A Downward Spiral
We should be very concerned about Mexico spiralling downward....

Mish's Global Economic Trend Analysis: Prichard Alabama Files Bankruptcy Over Pensions; Wildcat Strike In Philadelphia; Oregon's Financial Gamble

Mish's Global Economic Trend Analysis: Prichard Alabama Files Bankruptcy Over Pensions; Wildcat Strike In Philadelphia; Oregon's Financial Gamble
More problems for some states.

Trouble in Ireland as Fitch cuts debt two notches to AA- and deficits soar - Credit Writedowns

Trouble in Ireland as Fitch cuts debt two notches to AA- and deficits soar - Credit Writedowns
Irelands continues the downward spiral.

BOA raises rates after claiming it would do not such thing

http://www.thestreet.com/_yahoo/story/10621353/1/bank-of-america-reneges-on-card-costs.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Just making the case the government needs to over see the Credit Card companies.

Citi causing heartburn for small business

http://www.businessinsider.com/bankrutpcies-reverse-course-start-rising-again-2009-11

New record 9 banks go down

http://www.thedailybell.com/576/Nine-US-Banks-Seized-In-Largest-One-Day-Haul.html

Citi goes down, government losses all investment

http://dealbreaker.com/2009/11/cit-bankruptcy-shows-whos-boss.php#morehttp://dealbreaker.com/2009/11/cit-bankruptcy-shows-whos-boss.php#more