A news item flagged by GG: IMF: Banks Still Hiding Half of Their Actual Losses; $1.5 trillion in bad debt on bank balance sheets, and losses on these bad loans still threaten the solvency of many institutions.
From El Jefe Jeff E.: One in Four Borrowers Is Underwater
Also from Jeff E.: FDIC Reports 552 ‘Problem Banks’ As of Sept. 30, 2009
Items from The Economatrix:
IMF Warns Second Bailout Would Threaten Democracy
Wave of Debt Payments Facing US Cities
Wall Street Pummels US Cities Over Billions in Fees on Investments Gone Bad