Most economist and analyst believe that the credit-crisis of 2008/09 is primarily caused by the large losses in Real-Estate in the United State. If that’s the case, numbers regarding February’s foreclosure rates don’t seem to be pointing to anything but more plan for the near future.
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Breakdown:
·          121,756 Completed U.S. foreclosures in February
·          [...]

Yahoo posted an article on Friday — 15 Companies That Might Not Survive 2009.  It’s a list of many companies that we take for granted are around.  Not only do we take for granted having their products, but their jobs!  On this list are over 351,500 jobs on the line.  That’s scary. Â
Not all of [...]

Over the past few weeks, we all have been realizing that the major national pasttime nowadays is “find a way to screw the rich guy”. Â
Whether it’s trying to figure out how he didn’t report a personal driver on his taxes, or which drug he had to take to keep his performance up to his [...]

Financial institution around the country have received there hand-out, why not the American Homeowner. After all it is the homeowner that goes out and uses the banks, the credit cards, buys the cars, and generally makes the economy work. If he/she does not receive a bailout how will it all work.
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The larger question is, [...]

Federal Deposit Insurance Corp was appointed receiver when the Fed was forced to shut down two large banks in California. The banks became the latest victims of acute distress in the real-estate market in that state.
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Latest two failures brings the total number of banking failures this year to 22.
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U.S. Bancorp has acquired the operations [...]

An article on BailoutSleuth.com posted on November 10, 2008 updates some of our earlier work in analyzing the total cost of the bailout.  For discussion please check out our forum thread, Total Cost of Bailout: $1.5 trillion … so far from October 7, 2008.
The rising cost of the bailout, by Chris Carey — says we’re [...]

Due to declines in both the stock market and the real estate market, a widely watched survey buy the private conference board plunged to lowest point in its history dating back to the late 1960’s. Americans point to fewer jobs and declining incomes and put on hold plans for major purchases like cars and appliances.
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Breakdown: [...]

Although there is no official reason as to why the bank should fail, many investors have become scared of the possibility of UniCredit failing, and have caused the share price to fall more than 22% over the past two sessions.

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UniCredit SpA is Italy’s largest bank by assets.
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In an effort to shore up finances UniCredit is [...]