Archive for June 26th, 2010

Reuters.com Fri Jun 25, 2010 Regulators on Friday closed three small banks, the Federal Deposit Insurance Corp said, bringing the tally of total U.S. bank failures so far this year to 86. U.S. Even as an economic recovery buoys profits for big banks, smaller banks continue to struggle with bad commercial real estate loans.... »

William N. Grigg FreedomInOurTime.com Brent Talmo once lost a job he really enjoyed, but he was eventually able to find a position in the same field, with better pay and greater responsibilities. Sure, he had been a troubled employee, prone to “bizarre behavior” and casual abuse of those described as his customers, but he... »

Divisions add to financial market jitters, with David Cameron praised by Canadian counterpart for budget to slash deficit Patrick Wintour and Larry Elliott in Toronto Guardian.co.uk Friday 25 June 2010 Signs of deep rifts at the G8 and G20 summits in Toronto over how quickly governments should cut deficits added to financial market jitters... »

By: Michael Hudson Market Oracle Jun 25, 2010 Europe is committing fiscal suicide – and will have little trouble finding allies at this weekend’s G-20 meetings in Toronto. Despite the deepening Great Recession threatening to bring on outright depression, European Central Bank (ECB) president Jean-Claude Trichet and prime ministers from Britain’s David Cameron to... »