Financial Armageddon

Financial Armageddon
Histroy rhymes.

AIG Loses An Insane Amount Of Money, Stock Lower, May Need Yet Even More Government Support To Stay Afloat

AIG Loses An Insane Amount Of Money, Stock Lower, May Need Yet Even More Government Support To Stay Afloat
Shock! Shock!! AIG will need more money.

The Ultimate Ponzi Scheme – FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every Account for $250,000?

The Ultimate Ponzi Scheme – FDIC is Backing $5.3 Trillion through the Deposit Insurance Fund that now has a Balance of -$20.8 Billion. FDIC has Cash and Marketable Securities of $66 Billion. Is that Really Enough to Back Every Account for $250,000?
Nothing to see here.

How a New Jobless Era Will Transform America - The Atlantic (March 2010)

How a New Jobless Era Will Transform America - The Atlantic (March 2010)
Excellent read.

Greece Slits Its Own Throat

Greece Slits Its Own Throat – 24/7 Wall St.#more-60686#more-60686
I wonder if Greece will now exit the EU. Before I thought no, but now I am not so sure. Seems almost Revolutionly over there.

McSweeney's Internet Tendency: Could It Be That the Best Chance to Save a Young Family From Foreclosure is a 28-Year-Old Pakistani American Playright-slash-Attorney who Learned Bankruptcy Law on the Internet?

McSweeney's Internet Tendency: Could It Be That the Best Chance to Save a Young Family From Foreclosure is a 28-Year-Old Pakistani American Playright-slash-Attorney who Learned Bankruptcy Law on the Internet?
Must read of the week

The Expanding Economics of Austerity – Home Equity Loan Ads Replaced by Brown Bag Ads. Breakfast Sales take a hit as more Unemployed Avoid eating out.

The Expanding Economics of Austerity – Home Equity Loan Ads Replaced by Brown Bag Ads. Breakfast Sales take a hit as more Unemployed Avoid eating out.
Things are sliding down for most. This will not end well for anyone.

Nearly 20 percent of U.S. workers underemployed - Yahoo! News

Nearly 20 percent of U.S. workers underemployed - Yahoo! News
8-2 not a very good ratio.

Memo to Greece: It's Time To Declare War On Goldman Sachs

Memo to Greece: It's Time To Declare War On Goldman Sachs
Wow, imaging arrest all the non-exempt goldman employees.

On The Conservative Hypocrites Who Passed The Most Fiscally Irresponsible Legislation In Our Nation's History - Home - The Daily Bail

On The Conservative Hypocrites Who Passed The Most Fiscally Irresponsible Legislation In Our Nation's History - Home - The Daily Bail
Key summary of why the Tea Party is rasing. Niether side has the peoples interest at heart.

Bank Failure Friday Is Back As Feds Shut Down Four More Banks Last Week

Bank Failure Friday Is Back As Feds Shut Down Four More Banks Last Week
The beat goes on