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Tell the average person you see that the FDIC legally has the right to NOT reimburse their 'magically insured' 100k bank deposit for 99 years and they'll stare at you blankly.

They need to subpoena her ass. Palin won't meet with 'Troopergate' investigator By GENE JOHNSON Associated Press Writer http://hosted.ap.org/dynamic/files/photos/9/920b1d5d-bd5b-497a-9249-b3fb834de96d.html?SITE=MIDTN&SECTION=HOME&TEMPLATE=DEFAULT AP Photo/AL GRILLO ANCHORAGE...

Bearn Stearns Redux!!! Let's see if Jimbo can make it two for two (or 80 for 80, or whatever his fade record is). <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/gUkbdjetlY8&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed...

Bingo! A great non-NY example of this is MGM Mirage's cash-strapped 11 billion CityCenter project - likely to rise to 18 billion, by the time everything is said and done. Good luck on that banks, investors and MGM Grand...

Paulson honed his deception and thievery skills well - Goldman Sachs nurtured and bred that dark core and allowed it to blossom fully - Goldman was a great incubator. By the way, they're up soon.

A nice cherry on top of the sundae that was today. On Bloomberg live....

While there are some areas in NYC that are pretty much recession proof, no areas are depression proof. And the operative words are 'some areas.' Areas such as the upper east side of Manhattan or waterfront... There are areas of New York that will get blown out in this downturn. But if...

Breaking News.... President Bush is a retard.

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Conservative estimates have Wall Street job losses at 175,000. Don't be surprised to see more than that as that was before Lehman filed for bankruptcy. And then there's the jobs affected by the immediate layoffs - think a ratio of 3 or 4 to 1.

The spin ought to be nothing short of mesmerizing.

Look for New York and New Jersey to take it directly in the ass this year and next *and maybe well into 2011 and 2012. Wall Street finally begins to take it in the ass as Main Street has been. NO JOY IN THAT. There's no way around budgetary crises at the state and local government...

Bankruptcy filings soar for seniors By Cynthia Hubert http://www.sacbee.com/101/story/1216054.html Published 12:00 am PDT Sunday, September 7, 2008 Story appeared in OUR REGION section, Page B1 No one, Placerville lawyer John Roberts insists, wants to raise the white flag of personal...

If anyone's looking to make a killing buying high quality stocks at cheap prices, you're going to have to wait until the stock markets actually crash.

When the credit card companies pull back - watershed moment...

Aside from gold, which there's a lot of uncertainty about, what do you recommend? Real estate, bonds, many currencies, equities, commodities - all getting the smackdown (palladium crashed recently).

http://afp.google.com/article/ALeqM5gdrG_GEI5Kjgg5j-_FCvjYe-vLCg

My only question at this point is how bad is this going to get. I am confident it won't stop at Lehman. Now that the fed has sent a loud message that the bailing out might have begun and ended with Bear Stearns, what shall unfold over the next several months?