ATTENTION ALL LEMMINGS;
By Daniel at 24 November, 2009, 1:20 pm
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“..The FDIC said that the number of troubled banks rose to 552 at the end of September from 416 at the end of June and 305 at the end of March. This is the largest number of banks on its “problem list” since the end of 1993….”
“…NEW YORK (CNNMoney.com) — In a sign that more foreclosures could be on the horizon, 23% of people with mortgages owe more than their home is worth, according to a report released Tuesday….”
“…NEW YORK (CNNMoney.com) — Mortgage borrowers are still falling behind on their payments in record numbers, despite the many foreclosure prevention efforts initiated by the government and non-profits.
In the third quarter, 9.64% of all mortgage loans were delinquent, according to a report released on Thursday by the Mortgage Bankers Association. That represents 4.5 million borrowers and is an increase from 9.24% in the prior three months….”
“…Klein’s Government Risk Index, based on the CDS of seven different countries, has increased 32% since October…The main cause has jump in the cost of protection against Japanese, British, and American debt. ”
CLIFFS AHEAD
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