Reader Brian S. sent this: Dutch DSB Bank Nationalized After Bank Run By Clients. “The Netherlands’ central bank said Monday it has taken control of DSB Bank NV after clients began a run amid fears the regional lender might collapse.” Brian notes: “People can [presently] only take 250 Euro per day from their accounts.”
Icahn: Risk of Double Dip, Investor ‘Bloodbath’. (Thanks to Flavio for the linkio.)
A piece by Charles Hugh Smith posted over at Housing Storm: Deflation or Inflation: Who Cares?
Analysis from Greg Fielding (also at Housing Storm): Did the FHA make bad loans with taxpayer money to prop up home prices?
I found an an interesting video of a Jim Sinclair interview by David Williams in South Africa: Gold & Inflation. Sinclair predicts gold at $1,650 per ounce by January, 2011. (This was linked at the Total Investor blog.)
Items from The Economatrix:
California Budget Already in the Red 10 Weeks After its Passage. California unemployment hit 12.2% in August
US Dollar Falls as Skeptics Buy Euro, Aussie
Derivatives Lobby Links with New Dems to Blunt Obama’s Plan
China Buys The World
US Has Miles to Go With Its Mortgage Modification Plan
FHA May Be Setting Up Repeat of Housing Bubble
Many Jobless Workers Could Lose COBRA Subsidy. 65% subsidy will end on December 1st if not extended
Will Social Security Survive the Recession? Rep. Jason Chaffetz, R-Utah, has written that when debts to various government trust funds are added to the anticipated 2010 budget deficit, the U.S. debt burden will reach nearly 100 percent of gross domestic product in 2010. Moreover, Rep. Chaffetz estimates that when unfunded liabilities of more than $100 trillion from Social Security, Medicare and government employee pensions are included, national debt is several times larger than GDP.
Citigroup Tries to Shed $100 Million Man “Superstar trader a political liability now that bailed-out firm is 34% owned by feds”
Orange Juice Jumps 10% on Crop Report
Gary North: Banksters Bait and Switch Fractional Reserve System
Gary North: Fractional Reserve Banking System Basis of Bankster Fraud