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

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Big trouble at citi