Friday, August 29, 2008

more economic troubles.

U.K. Nationwide House Prices Drop Most Since 1990: U.K. house prices declined at the fastest annual pace in almost two decades in August after lower mortgage lending and the prospect of a recession discouraged home buyers, Nationwide Building Society said.

Bankruptcy Filings Surge 29%: Total filings rose to 967,831 from 751,056 a year earlier.

U.S. Says Banks on `Problem List' Rose 30% in Quarter: The U.S. Federal Deposit Insurance Corp. said its ``problem list'' of banks increased 30 percent in the second quarter to the highest total in five years as more commercial real-estate loans were overdue.

FDIC Is Broke? Report: FDIC May Borrow Money From Treasury: The Federal Deposit Insurance Corp (FDIC) might have to borrow money from the Treasury Department to see it through an expected wave of bank failures, the Wall Street Journal reported.

Analyst: FDIC Will Need Half A Trillon Dollars: Chris Whalen, managing director of Institutional Risk Analytics, in an interview on CNBC, said: They need about a half a trillion dollars in borrowing authority, and they need a vehicle to own these banks while we triage them and sell them.

New Credit Hurdle Looms For Banks

World's Largest Gold Refiner Runs Out

Is Your Bank About To Implode?

FDIC Will Need Half A TRILLION Dollars

Surge In US Foreclosures Spreads Past Subprimes

ConocoPhillips Sells Its 600 Gasoline Stations

How Nixon 'Goldfingered' The World - Part 1

US Dems Should Read American Monetary Act

US War-Mongering In Georgia

Massive Gold Price Manipulation In The US?

Fannie PR - Moving The Deck Chairs On The Titanic

FDIC - 117 Banks In Trouble

US House Prices Fall Record 15%

The US Is The Next Argentina

Stagflation Becoming Economic Reality

UK Idiotic Tax Policy Demolishes Properties

UK Builder Takes $3B Loss As Values Slashed

FDIC Admits Short-Term Loans Might Be Needed

FHA Lending - Next Disaster...A Work In Progress

Laughable Efforts To Save Citi The Needed Billions?

Good News - Fannie, Freddie Safe Till Year End

Global Consensus On Trade Unravelling

UK Mrtge Approvals Down 65% In Year

Beijing Swells Dollar Reserves Thru Stealth

US $ Supply - Sharpest Contraction In Mod History

FBI/DoJ Saw Mtge Crisis Coming

Rapid Dollar Rise May Endanger US, World Econ

Gold - The Good News And The Bad

Buffett - 'Game Over For Freddie & Fannie

American Real Estate Crash - Slideshow

Gold Reserves More Important Than Ever

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