Comments on: America in Crisis – Deflation

By: insurance quotes

insurance quotes — Thu, 25 Feb 2010 21:05:09 +0000

Mr. Paulson, like his predecessor Lawrence Summers (who is now President Obama?s chief economic adviser), is clear in expressing his distaste for the public-private hybrid structure that led the GSEs to take on more risks, leading to big returns for private shareholders but putting taxpayers on the hook once the companies failed. Fannie and Freddie, he writes, ?were at the heart of the U.S. policies that over-stimulated housing in the past.? I want to know if a person who own the share at $60 and how they get protected under this?

By: Rick @ Canadian Paper Currency

Rick @ Canadian Paper Currency — Thu, 10 Sep 2009 00:46:26 +0000

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By: Abbie

Abbie — Wed, 17 Jun 2009 17:03:26 +0000

A great post here reveals what you really feel about the current stature of the economy, Every single thing is coming back at the average american and hitting him back at the right chords.

By: Brad’s Weekly Constitution Blog » Blog Archive » Predictions have come true!

Mon, 24 Nov 2008 22:50:15 +0000

[...] Recovery Room, and while there, I made some predictions to other bloggers: idonotknowme Says: July 30th, 2008 at 6:35 am e Predictions made at Blogger Bash: Ciitbank/Citicorp/Citigroup will fail or receive a government [...]

By: Brad Carter

Brad Carter — Wed, 17 Sep 2008 21:15:00 +0000

So I was wrong in my prediction an a couple of counts. CitiCorp has not yet failed, however Lehman Bros. has. WaMu is now up for auction, and therefore can be considered a failed bank. And I was off in the time frame by 3 weeks. CitiCorp will still fail.

By: Brad Carter

Brad Carter — Mon, 08 Sep 2008 20:15:29 +0000

yes I know and I knew you would remind me. Somethings have happened to change the time line. The major thing that happened was that a bill that passed Congress was to go into effect last month. However the bank lobby got the implementation pushed back to the middle of 2009. I don’t remember the precise bill#, but it changes how finical institutions account for their “off book” assets and liabilities. But I’m still on track to reach the 100 banks failing by years end: http://ml-implode.com/ Since our conversation 30 banks have failed according to our prescribed definition.

By: idonotknowme

idonotknowme — Mon, 08 Sep 2008 01:58:57 +0000

6 weeks have passed and Washington Mutual is still in business without being bailed out by the Feds.

By: Brad Carter

Brad Carter — Tue, 05 Aug 2008 21:18:59 +0000

Equipoint Financial Network, Inc.

By: Brad Carter

Brad Carter — Thu, 31 Jul 2008 19:26:56 +0000

Financial Title Co., the largest real-estate title agent in Silicon Valley, has shut its doors…

United Title of Texas has closed all its offices around the state, including six in the Houston area, because of financial troubles…

2 in one day. More to come?

By: idonotknowme

idonotknowme — Wed, 30 Jul 2008 06:35:17 +0000

Predictions made at Blogger Bash:

Ciitbank/Citicorp/Citigroup will fail or receive a government bailout within 4 months (i.e. before November 29)

Washington Mutual will fail or receive a government bailout within 6 weeks (i.e. before September 2)

90 banks will fail in the next 12 months.