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A news item flagged by GG: IMF: Banks Still Hiding Half of Their Actual Losses; $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
Also from Jeff E.: FDIC Reports 552 ‘Problem Banks’ As of Sept. 30, 2009
Items from The Economatrix:
IMF Warns Second Bailout Would Threaten Democracy Wave of Debt Payments Facing US Cities Wall Street Pummels US Cities Over Billions in Fees on Investments Gone Bad More Bankruptcy Cases Filed Rates on 30-Year Mortgages Sink, Match Record Low India Plans to Buy More Gold from IMF
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