bloomberg.com:
Oct. 2 (Bloomberg) -- The number of U.S. lenders that can't collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery.
Elizabeth Warren: Real Change: Turning Up the Heat on Non-Bank Lenders
The big banks are storming Washington, determined to kill the Consumer Financial Protection Agency. But there is an even bigger change in the wind: regulating the non-banks.
Bank-Bailout Fund Faces Years in Red as Failures Jolt System
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To make matters far worse, consider what the US government has actually done to fix the underlying problems? Nothing
good articles; http://iamned.blogspot.com
The government has put the same punch bowl out that got us into the mess in the first place. More debt and consumption and don't worry about paying it back. (Berbnanke= Greenspan II)
Where is Grover Norquist. He has made a career of destroying American jobs and wages. He must be the happiest guy in the country right now.
Why should this matter. Hell, they have made billions in fees to cover their losses.
Not surprised with the loan sharking going on and no plan for remedy. The train keeps running out of control.
America must take an expansive look at American banking and Wall Street institutions in terms of the mechanisms they utilized to create a national debt platform based upon income distribution. Marvelous economic and political engineering that is wrecking mainstream America's bottom line!
Still no jobs...sacrificing the American economy to make a handful of people wealthier goes beyond stupidity.
Far beyond.
You're right. It's CRIMINAL.
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First Posted: 10- 2-09 09:21 AM | Updated: 10- 2-09 10:14 AM