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The Next Stage Of Deleveraging Means Return Of The Great Depression http://dprogram.net/2009/10/12/the-next-stage-of-deleveraging-means-return-of-the-great-depression/ October 12, 2009 (BusinessInsider) – At the Financial Times, economist Thomas Palley goes metaphor crazy arguing that...

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Strawman. Goldman made a ton betting on derivatives, but was only paid because Uncle Sugar plowed hundreds of billions into counterparties of Goldman that would have surely folded or come up light. Also, Goldman was an "investment bank," and not exposed to the RMBSs that BAC and Citi were...

People will lose faith in the rigged casino that is Wall Street, ultimately. In fact, we're already seeing it, as the 401(k) gets decimated.

"Peter Suchy of Suchy Jewelers in Stamford said customers would be better off bringing their precious metals to a local business like his. He said having a long-term relationship means he can give them better advice on what to sell and when. “We are here to provide a service to the...

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http://www.bloomberg.com/apps/news?pid=20603037&sid=aP0_Ze7PbVo8 Greenwich Jewelry Turns to Cash as Gold Reaches $1,000 an Ounce Share | Email | Print | A A A By Tom Moroney and Brian K. Sullivan Oct. 16 (Bloomberg) -- The people of Greenwich, Connecticut, the hedge-fund capital of...

S&P 500 Index Due for ‘Stiff Correction’: Technical Analysis Share | Email | Print | A A A By Shani Raja Oct. 16 (Bloomberg) -- The U.S. Standard & Poor’s 500 Index may be due for a “stiff” slump as it approaches a resistance level in coming weeks, according to Nader Naeimi, a...

If you want to see true, fundamental economic weakness, look at medical, government and groceries - medical equipment orders are the last to fall, and serve as an omen of very bad times to come, as they're the last thing people, medical professionals and hospitals cut back on, when cost cutting...

Bank of America loses $2.24B as loan losses rise http://www.google.com/hostednews/ap/article/ALeqM5hQuKfpGm1NCyGV1u-vxV1OjlrqrwD9BC74KO0 By IEVA M. AUGSTUMS (AP) – 1 hour ago CHARLOTTE, N.C. — Bank of America Corp. said Friday it lost more than $2 billion in the third quarter as...

Ferguson Says Bank of America Loss Shows Crisis Not Over October 16 (Bloomberg) -- Niall Ferguson, a professor at Harvard University, talks with Bloomberg's Erik Schatzker and Deirdre Bolton about the state of the U.S. financial markets. Watch...

As in 1989. Wow. Buyers Suing Trump in Miami Condo Glut as Values Return to 1989 Share | Email | Print | A A A By John Gittelsohn Oct. 16 (Bloomberg) -- Robert Cooper says he has found a way to make money in South Florida’s real estate bust. Cooper, an attorney in Aventura...

MGIC Posts Ninth Straight Loss as Defaults Hit Record (Update3) Share | Email | Print | A A A http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ9iI0Y1WEHU By Jamie McGee Oct. 16 (Bloomberg) -- MGIC Investment Corp., the largest U.S. mortgage insurer, posted its ninth straight...

Conservatives fought Social Security, too, and try taking that away now - Republicans dare not tread there. I'm not voicing support or dissent for a 'public option,' but I am saying that a public option, if it passes, will become a program that future Americans will never give up if it...

Hank Paulson having 200 million+ in GS options is a conspiracy theory? Or the fact that he would provide favorable treatment of GS while he let Nero play the fiddle with Bear Stearns and Lehman, so as to protect that 200 million+ in Goldman Sachs' options is a conspiracy theory?

It created so much production and services work that women were needed on airplane/tank assembly lines. The unemployment rate during WWII in the U.S. was probably less than 2%.

U.S Now Land of Two Economies - U.S Bank Titans and the Rest of US by: Matthew Goldstein October 15, 2009 http://seekingalpha.com/article/166606-u-s-now-land-of-two-economies-u-s-bank-titans-and-the-rest-of-us?source=hp It’s a tale of two economies — one for the titans of U.S...

LOL. Paulson was the ex-CEO of Goldman, with over 200 million in GS options. No conflict there...I'm sure he was willing to let GS shares fall to $0. Surely Paulson acted on the up and up when he decided "no tickie, no laundry" for Bear Stearns...

This would cause Great Depression II. There's no doubt.

The show must go on!