Banking

U.S. May See 150-200 More Bank Failures

US May See 150-200 More Bank Failures: Bove Reuters | 24 Aug 2009 | 01:07 PM ET A prominent banking analyst said Sunday that 150 to 200 more U.S. banks will fail in the current banking crisis, and the industry’s payments to keep the Federal Deposit Insurance Corp afloat could eat up 25 percent of […]

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Big Banks Get Big Time Changes

Jun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]

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Matt Taibbi: The Big Takeover – Rolling Stone Magazine

The global economic crisis isn’t about money – it’s about power. How Wall Street insiders are using the bailout to stage a revolution ROLLING STONE | March 19, 2009 The Big Takeover- Matt Taibbi It’s over — we’re officially, royally fucked. No empire can survive being rendered a permanent laughingstock, which is what happened as […]

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