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Gone in 60 Days: Citi and Bank of America Won’t Live to See May (A hat tip to KT for the link.)
Another Friday FDIC bank failure notice: Citizens Bank, Corvallis, Oregon, Assumes All of the Deposits of Silver Falls Bank, Silverton, Oregon
Items from The Economatrix:
Stock Decline Hits Depression Levels Get Ready for Mass Retail Closings (220,000 stores may close) GM Break-up Close as Saab Files Bankruptcy No Bailout Can Mend the Economy Now. A quote: " ...the life of the depression is being deliberately extended in order to complete the wealth distribution process." Gold Rises Over $1,000 Latvian Gov't Falls; EU in Crisis Popular Rage Grows as Global Crisis Worsens Major Indexes Fall 6%+/- for Week Inflation Via Another Con (The Mogambo Guru) The Great Depression Has Arrived--Collapsing American Dreams Commercial Real Estate's Crisis Point Approaching? Friday: Stocks End Down 100 Points After Seesaw Day B of A, Citi Shares Fall on Fears of Nationalization Housing Plan Leaves Out Critical Pieces
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