NY Fed Under Geithner Implicated in Lehman Accounting Fraud Allegation « naked capitalism

NY Fed Under Geithner Implicated in Lehman Accounting Fraud Allegation « naked capitalism
Another must read

How Lehman's Executives Lied About Their Assets To Fool Everyone About Their Financial Health

How Lehman's Executives Lied About Their Assets To Fool Everyone About Their Financial Health
Someone will go to the wall for this.

California Is Doomed

California Is Doomed
As Cali goes so goes the US

Richard Suttmeier: Half Of U.S. Banks Are So Insolvent They CAN'T Make Any New Loans (VIDEO) - Home - The Daily Bail

Richard Suttmeier: Half Of U.S. Banks Are So Insolvent They CAN'T Make Any New Loans (VIDEO) - Home - The Daily Bail
Today's Must read

‘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.