And this is according to an FDIC report.
The names of the banks on the list are never made available to the general public by regulators out of fear that depositors at those institutions may prompt a so-called “run on the bank.”
…Bair confirmed that the pace of bank failures would pick up this year, which would [...]

While the government spent zillions trying to prop up its swine flu propaganda campaign in order to grab unprecedented new powers by putting the populace under the spell of a doomsday crisis, duplicitous public officials who paint catastrophic landscapes with pink ribbons and teddy bears are obscuring the real calamities. The blighted landscape before us [...]

From Old Rebel comes this. Though, since Biden is a bit player — I’d rather see Bush or Pelosi in the tent with Obama.

Yesterday, seven more banks were closed – quietly – as the number reached 106 for the year. The Wall Street Journal has an interactive map of bank failures (131) since the beginning of 2008. On a related note, as the commercial real estate bust heats up, Capmark Financial Group, Inc.  (formerly GMAC Commercial Holding Corp.) [...]

The Depression Memo, that is. Thanks to Michael W. for the link.

No need, really. Goldman already sits at the top of the ruling hierarchy and has the power to choreograph the financial markets. The Securities and Exchange Commission (SEC) just named a new Chief Operating Officer for its Enforcement Unit, and this new guy is Adam Storch, a 29-year-old executive from Goldman Sachs. He’s been a [...]

The U.S. Treasury Department is the central headquarters of Wall Street, and Timmy Geithner is its demigod. The coup of the Treasury Department, which promotes itself as the “steward of U.S. economic and financial systems,” means an economy and financial system run by and for the Wall Street oligarchy, with Goldman Sachs spearheading the ruling class.
Bloomberg runs a [...]

The failed Freddie Mac, which operates under conservatorship of the U.S. regime, has hired a new CFO at a hefty price. While the Compensation Czar is targeting “excessive compensation” in corporate America, new CFO Ross Kari could receive as much as $5.5 million in his first year at Freddie Mac.
Freddie Mac also said it would [...]