The latest Friday Follies–Four More US Banks Bite the Dust [1]: Midwest Bank & Trust Company, Elmwood Park, Illinois; Southwest Community Bank, Springfield, Missouri; New Liberty Bank, Plymouth, Michigan;
Satilla Community Bank, St. Marys, Georgia.
Banks seized a record 92,000 homes last month [2]. (Thank to Brian B. for the link.)
Axel Merk explains what is behind the gold and global credit market shakeup: Europe’s Bazooka [3]
Clive Maund has some interesting observations on the gold and silver markets [4].
Reader “T556” liked this commentary by Dave DeGraw: High Frequency Financial Terrorism, Wall Street Bankster’s Maintain Death Grip on United States [5]
Items from The Economatrix:
Housing Optimists Are “Not Paying Attention” Says Dean Baker [6]
Stocks Recover From Recent Slide Over Debt Fears [7]
Senate Passes Curb on Bank Card Fees [8]
Spain Faces Unrest as New Austerity Plan is Announced [9]
Germans Face Big Budget Cuts as Cost of EU Bailouts [10]
IMF Predicts More Pain for Greece [11]
US Banks “May Have Misled” Rating Agencies
Euro at Lowest Level Since Lehman Collapse [12]