Wednesday, March 10, 2010

California Is Doomed

California Is Doomed
As Cali goes so goes the US

Monday, March 8, 2010

‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions - Bloomberg.com

‘On the Edge’ Banks Facing Writedowns After FDIC Loan Auctions - Bloomberg.com
This is why we are so srewed. Accounting by fantasy needs to be stopped.

FDIC Closes Four Banks: Bank Of Illinois, Sun American, Waterfield, Centennial Bank

FDIC Closes Four Banks: Bank Of Illinois, Sun American, Waterfield, Centennial Bank
The beat goes on, but they know expect it to increase. Bad news.