Jul 16 2009

Bankruptcy Filings up 33 Percent over a 12-month Period: Total 12-month Total of Bankruptcy Filings 1.2 Million. In last Report, Filings up 27 Percent in one month.

Bankruptcy filings are soaring in the United States.  In the last data point, we had 134,282 bankruptcy filings for the month of March 2009.  Bankruptcy data usually lags 3 or 4 months but the trend is ominous.  For the last 12 months some 1.2 million bankruptcy filings have occurred.  Much of this is linked to […]

Jul 13 2009

The Doctrine of Preemptive Bailouts and the Biggest Bailout you haven’t Heard About: The U.S. Treasury Plan C and the $3.5 Trillion You will be Paying.

Last week a story which gained very little traction hit the financial newswires.  The U.S. Treasury is working on an internal project informally called “Plan C” which seeks to deal with further problems in the economy before they occur.  The anonymous report came out stating the administration is reluctant to commit any additional money especially […]

Jul 12 2009

S&L Crisis Part Two: Are We Repeating Mistakes from the S&L Crisis? Accounting Sleight of Hand and Mortgage Fraud.

During the savings and loan crisis (S&L crisis) of the 1980s and 1990s a total of 745 thrifts failed.  If we look at the history of the crisis, total losses were largely saddled to the American taxpayer.  It is estimated that some $160.1 billion was the total bill for the crisis with roughly $124.6 billion […]

Jul 9 2009

Housing and Banking Deception: 23,000 to 28,000 Foreclosed Homes kept off the MLS or Public View in California each Month.

The math in California housing simply does not add up.  Given the amount of sales and monthly foreclosures over the past few months, it would appear that banks are sitting back while a gigantic backlog of foreclosures grows.  A few in the media are calling attention to this obvious fraud but not many.  The California […]

Jul 7 2009

The Second Derivative: Employment and the Mounting Job Losses. Measuring the Velocity of Job Cuts in the Current Recession.

In addressing the unemployment situation it is important to look at the velocity of job losses.  In January of 2009 we had a stunning 741,000 jobs lost in one month.  This by far was the biggest one month cut during the current recession but it wasn’t the biggest one month change.  The worst month came […]

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