UK and U.S. financial ratings weaker!
Fourth largest bank failure this year!
AmTrust is the first Northeast Ohio bank to fail since TransOhio Federal Savings Bank of Cleveland was seized 17 years ago.
Foreclosure prevention plan participants delinquent on new payments!
WASHINGTON - December 4, 2009 - About 25% of borrowers helped under the illegitimate Obama regime's massive foreclosure prevention plan have already fallen behind on their new mortgage payments, according to government data that raise new questions about the program's effectiveness.
Commercial property loan defaults surging!
NEW YORK - December 3, 2009 - Recent reports from a couple of research firms confirm that defaults on U.S. commercial property loans are surging, standing at the worst level in 16 years. The reports also confirm it is going to get much worse going forward into 2010 and 2011, also as expected.
Housing market meltdown not over yet!
NEW YORK - December 3, 2009 - The meltdown of the U.S. housing market is not over yet, and home prices will soon start moving downward again as a flood of foreclosures loom, according to a well-known economist.
Goldman Sachs staff buying guns for defense against public uprising!
NEW YORK (PNN) - December 1, 2009 - “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.
Report indicates real estate exposure is higher than previously thought!
TORONTO, Ontario, Canada - December 1, 2009 - Toronto-Dominion Bank's exposure to the troubled U.S. commercial real estate market is significantly higher than many of its investors believe, a new report suggests.
More Articles ...
- Chaos erupts after North Korea revalues currency!
- Kalifornia tops U.S. in delinquent mortgages!
- AMBROSE EVANS-PRITCHARD: Morgan Stanley fears UK sovereign debt crisis in 2010!
- One quarter of all mortgage borrowers are underwater!
- UAE moves to head off run on banks!
- Fear pushes U.S. rates into negative!
- One in four borrowers is underwater!
- Retail expectations low for holiday season!
- U.S. growth downgrade weighs on world markets!
- Early data suggest suicides are rising!
- Gold hits another record!
- Actual jobless rate at 17.5%!
- Wave of debt payments facing U.S. government!
- Closed Florida bank makes 124 failures this year!
- Jobless claims remain at record levels!
- Housing slump may worsen next year!
- Record numbers of mortgage loans are late!
- AMBROSE EVANS-PRITCHARD: Société Générale tells clients to prepare for global collapse!
- Most believe New York will run out of cash next month!
- Mortgage delinquencies hit another record!
- Simmons bedding company files bankruptcy!
- Falling dollar sends gold to another record high!
- One in six Amerikans goes hungry!
- Foreclosure filings surpass 300,000 for eighth straight month!
- Dollar trouble could prolong Depression!
- Applied Materials to cut jobs!
- Poorest town suffers from Depression!
- Ten most economically troubled states!
- Lloyds announces 5,000 job cuts!
- Big Kalifornia bank with branches in China fails!
- Actual unemployment rate is 17.5%!
- Seven ways to survive the lack of jobs!
- U.S. jobless rate surges to 10.2 percent!
- Grim reality grips U.S. commercial real estate!
- Half of U.S. children will get food stamps!
- Could Amerika go broke?
- Economist claims world risks Depression if stimuli are not continued!
- U.S. dollar continues to fall!
- Small business lender CIT declares bankruptcy!
- Nine banks seized in largest one-day haul!
- Billionaire sees coming huge commercial real estate crash!
- U.S. Airways cutting 1,000 jobs and reducing flights!
- CIT Group receives $4.5 billion from creditors!
- Number of foreclosures double in Washington area!
- New home sales fall faster than expected!
- Current economy at 26-year low!
- U.S. Steel posts third straight quarterly loss!
- Big commercial lender Capmark files for bankruptcy!
- AMBROSE EVANS-PRITCHARD: Food will never again be so cheap!
- Bank failures hit 106 for year!
