A news item flagged by GG: IMF: Banks Still Hiding Half of Their Actual Losses [1]; $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 [2]
Also from Jeff E.: FDIC Reports 552 ‘Problem Banks’ As of Sept. 30, 2009 [3]
Items from The Economatrix:
IMF Warns Second Bailout Would Threaten Democracy [4]
Wave of Debt Payments Facing US Cities [5]
Wall Street Pummels US Cities Over Billions in Fees on Investments Gone Bad [6]
More Bankruptcy Cases Filed [7]