If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!It isn’t easy being Bank of America these days. The bank had previously thought to be in decent standing up until it acquired struggling firm Merrill Lynch, and since that point things have been..well…awful. The flow of bad [...]
Naked Capitalism - Auto Company Plans Rejected by Task Force
Infectious Greed - Stating the Auto Obvious
Naked Capitalism - Guest Post: The Banks Were Profitable In January And February Thanks To… AIG
Huffington Post - “Let Them Have Stained Carpets” – Obama’s Marie Antoinette Moment
MISH’S Global Economic Trend Analysis - G-20 Targets Hedge Funds, Ignoring Everything Worth Discussing
Financial Times - A new [...]
Today’s Business Press - World Bank: It’s a Global Recession
Business Insider - Obama Disses Economics Blogs
Financial Times - BofA withdraws job offers to foreign MBAs
Naked Capitalism - Guest Post: More Debt Won’t Rescue the Great American Ponzi
Dr. Housing Bubble - Down Payment Assistance Backdoor to No Money Down? Seller-funded Down Payment Scams. The Government looking to resurrect No Money Down [...]
The Big Picture - Marc Faber on U.S. Banks Nationalization
The Mess That Greenspan Made - The Fed’s new bailout website
The Big Picture - Citi & BofA Ain’t No Continental Illinois Bank
Infectious Greed - Picked the Wrong Recession to Quit Drinking
Naked Capitalism - AIG to Retrade Its Bailout Yet Again? (Banana Republic Watch)
If you found the idea of billions of dollars being funneled out of your paychecks and in to banks with little accountability or oversight (see: TARP) was bad, wait till you see what they’ve been used for. Since receiving billions of dollars from taxpayers the largest banks in the country (see: TARP recipients) have spent [...]
Credit Writedowns - Bailouts: catching a falling knife
Financial Times - America?s banks need to hold a yard sale
Naked Capitalism - Merrill Execs Pay Selves Bonuses Ahead of Schedule (and before BofA Closing)
Irvine Housing Blog - Are You Smarter Than A Real Estate Agent
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