The latest Friday Follies–Four More US Banks Bite the Dust: 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. (Thank to Brian B. for the link.)
Axel Merk explains what is behind the gold and global credit market shakeup: Europe’s Bazooka
Clive Maund has some interesting observations on the gold and silver markets.
Reader “T556” liked this commentary by Dave DeGraw: High Frequency Financial Terrorism, Wall Street Bankster’s Maintain Death Grip on United States
Items from The Economatrix:
Housing Optimists Are “Not Paying Attention” Says Dean Baker
Stocks Recover From Recent Slide Over Debt Fears
Senate Passes Curb on Bank Card Fees
Spain Faces Unrest as New Austerity Plan is Announced
Germans Face Big Budget Cuts as Cost of EU Bailouts
IMF Predicts More Pain for Greece
US Banks “May Have Misled” Rating Agencies
Euro at Lowest Level Since Lehman Collapse