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Credit Writedowns
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recession
Andy Xie: “Whole world is drinking poison to quench the thirst”
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AmTrust Bank seized by regulators after asset stripping
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Privately-owned AmTrust’s bankruptcy a bad sign for regionals
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Wither stimulus
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John Hussman on Reckless Myopia
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News from this day in 1930: “the decline is nearing its end”
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James Galbraith: How financial stability creates instability
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Predatory lending local government version
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Stop the madness now!
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Steve Keen: Debt and the economy – how do we pay for all of this?
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