(NorthCountyTimes) – EXCLUSIVE: Major lender signals surge in local foreclosures – Read More Here
(ZeroHedge) – Guest Post: It’s Impossible To “Get By” In The US
While the market cheers on the fantastic job “growth” of March 2010, the more astute of us are concerned with a growing tide of personal bankruptcies. March 2010 saw 158,000 bankruptcy filings. David Rosenberg of Gluskin-Sheff notes that this is an astounding 6,900 filings per day. Read More Here
(DailyCapitalist) – Morgan Stanley Loses $5.4B In RE Fund: Biggest Loss In History!
Here’s a story for the decade. Morgan Stanley’s Msref VI, an $8.8 billion real estate fund, lost $5.4 billion, the biggest loss in the history of private real estate equity investing. This story is just out from the Wall Street Journal and it is worth a read. Read More Here
Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court
The big banks are saying “We are above the law.” Read More Here
(Telegraph) – Property tycoon Gerald Ronson warns of social unrest in a two-tier Britain
Britain faces “social unrest” over rising unemployment outside London according to Gerald Ronson, the property tycoon. Read More Here
(NYTimes) – JPMorgan Upbeat as It Posts Profit
For big banks, the good news just keeps coming. Read More Here
(Bloomberg) – Fed Shouldn’t Reveal Crisis Loans, Banks Vow to Tell High Court
The biggest U.S. commercial banks will take their fight against disclosure of Federal Reserve lending in 2008 to the Supreme Court if necessary, the top lawyer for an industry-owned group said. Read More Here
(EconomicCollapseBlog) – $4.00 A Gallon Gasoline By The End Of 2010? How In The World Are Average Americans Going To Make Ends Meet If This Keeps Up?
Gas prices are on the rise again. In many areas of the U.S. gas prices are already hovering around $3.00 a gallon. In fact there are some areas where people are paying as much as $3.50 a gallon, and many experts are predicting that gasoline could hit $4.00 a gallon by the end of 2010. Read More Here
(Telegraph) – Argentina seizes pension funds to pay debts. Who’s next?
Here is a warning to us all. The Argentine state is taking control of the country’s privately-managed pension funds in a drastic move to raise cash. Read More Here
(Reuters) – U.S. bank chief mobbed by angry borrowers
The mortgage chief of the United States’ second largest bank was mobbed by angry borrowers on Tuesday after he invited customers to speak to him if they feared foreclosure of their homes. Read More Here
(MyBudget360) – The Invisible Recovery – 40,000,000 Americans Receiving Food Stamp Assistance – Since 2000 23 Million Americans have been added to the Food Assistance Program. Read More Here
(TheEconomicCollapse) – 12 Reasons Why Millions Of Americans Are Incredibly Angry About The State Of The U.S. Economy
We have reached a very interesting turning point in American history. More than at any other point in modern times, Americans are deeply angry about the state of the economy. In fact, it is no stretch to say that millions of U.S. citizens are hopping mad about the economic situation. Read More Here
Video: How The Fed Is Destroying The Dollar
Midas Resources educational video regarding the Federal Reserve and how they have devalued the United States Dollar.
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