Archive for FDIC

Pink Slips Are The New Black – A Blog for the Unemployed by the Unemployed

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on April 27, 2009 by highboldtage

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Pink Slips Are The New Black – A Blog for the Unemployed by the Unemployed

About
We’re broke.
We’re angry.
We’re frustrated.
We’re unemployed…

Like you.

There is strength in numbers. Join us.

We created this blog as way to keep you informed, entertained and enlightened.

Have tips or want to contact us? E-mail us at: pinkslipsarethenewblack@gmail.com

http://urlet.com/numbers.managing

http://pinkslipsarethenewblack.com/about/

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GM ‘Likely’ to Build in China as U.S. Factories Close – AMERICAN TAXPAYERS AND WORKERS GET THE FINGER

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on April 20, 2009 by highboldtage

GM ‘Likely’ to Build in China as U.S. Factories Close – AMERICAN TAXPAYERS AND WORKERS  GET THE FINGER

By Stephanie Wong

April 20 (Bloomberg) — General Motors Corp., shuttering U.S. plants in a bid to avoid bankruptcy, is “likely” to build a new factory in China on surging demand.

“Operations in China are profitable and in the future China can finance its own growth,” Nick Reilly, the company’s Asia-Pacific president, said at the Shanghai auto show today. He didn’t give a timeframe for the new plant.

http://urlet.com/undesirable.payment

http://www.bloomberg.com/apps/news?pid=20601080&sid=aN4Brm9JM3_8&refer=asia

C&K Markets lays off 63 workers

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on April 14, 2009 by highboldtage

Grocery store chain lays off 63 workers

Brookings, Ore.-based C&K Markets Inc., which operates 59 stores in Oregon and California, has laid off 63 employees, reduced some workers’ hours and cut the pay of others to counter a drop in sales spurred by the continuing recession.

http://www.triplicate.com/http://www.triplicate.com/20090411105618/News/Local-News/Grocery-store-chain-lays-off-63-workers

The Case for Letting AIG Fail

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on March 17, 2009 by highboldtage

The Case for Letting AIG Fail

the bailout is ultimately saving the hedge funds.

http://www.time.com/time/business/article/0,8599,1885578,00.html

U.S. household wealth falls $11.2 trillion in 2008

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on March 13, 2009 by highboldtage

U.S. household wealth falls $11.2 trillion in 2008

Thu Mar 12, 2009 3:55pm EDT
WASHINGTON (Reuters) – U.S. households suffered a record 9 percent drop in wealth and pared debt in the fourth quarter as a deepening recession battered confidence and finances, Federal Reserve data showed on Thursday.

Household net worth dropped by $5.1 trillion from the prior quarter to $51.5 trillion. For the full year, net worth dropped by $11.2 trillion, reflecting steep declines in the housing and stock markets.

http://www.reuters.com/article/gc04/idUSTRE52B58720090312

Nationalize the Banks Now It is the Only Alternative

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on March 10, 2009 by highboldtage

Regulatory reports show 5 biggest banks face huge losses

By Greg Gordon and Kevin G. Hall | McClatchy Newspapers
WASHINGTON – America’s five largest banks, which already have received $145 billion in taxpayer bailout dollars, still face potentially catastrophic losses from exotic investments if economic conditions substantially worsen, their latest financial reports show.

Citibank, Bank of America, HSBC Bank USA, Wells Fargo Bank and J.P. Morgan Chase reported that their “current” net loss risks from derivatives – insurance-like bets tied to a loan or other underlying asset – surged to $587 billion as of Dec. 31. Buried in end-of-the-year regulatory reports that McClatchy has reviewed, the figures reflect a jump of 49 percent in just 90 days.

http://www.mcclatchydc.com/staff/greg_gordon/story/63606.html

Report: 1 in 5 Mortgages Are Underwater – Worst Is Yet to Come

Posted in Uncategorized with tags , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , on March 4, 2009 by highboldtage

Report: 1 in 5 Mortgages Are Underwater

The negative-equity conundrum appears poised to get worse. LoanPerformance calculates that there are another 2 million houses that are approaching the danger zone, that is, within 5% of being in a negative-equity position. Negative-equity and near-negative-equity mortgages combined account for a quarter of all homes with mortgages nationwide.

http://urlet.com/waist.underplayed

http://www.businessweek.com/bwdaily/dnflash/content/mar2009/db2009033_306801.htm