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Second Round of Massive Deleveraging About to Hit U.S. Banking System?

Every reference to mortgages resetting allude to them being reset at higher rates which is definitely not the case for those mortgages tied to LIBOR or the "weekly average yield on U.S. Treasury securities adjusted to a constantmaturity of one year". With both of these rates at a near all time low, the home owners are seeing drastic reductions in their currently resetting ARM monthly payments.
Why is there so little mention of this considerable reduction in monthly ARM rates which produce euphoric results for the effected home owners?

Making Sense of the Brokerage Bust

Reply to Farmer: Yes. Since there will eventually be only one bank (The US Treasury), there will be only one currency. The currency will be in denominations of IOUs. They will be redeemed at US Teasury ATMs for IOUs of another color.

Is the U.S. Banking System Safe?

Impressive article and comments. So what will happen to the American workers' who have their 401(k)s and traditional & Roth IRAs invested in mutual funds whose NAVs continue to erode? Unfortunately, too many of them lack the investment knowledge to properly monitor their investments other than to watch their monthly or quarterly statements report the bad news. Thus, they remain the lamb-like victims of their employers' and 401(k)/IRA managers' poor investment choices. By the time the workers reach the point of realizing they have lost the better part of their savings there will be little they can do to salvage their savings or their retirement. This is a sad, but all too probable, scenario that faces the masses.

Wall Street Breakfast: Must-Know News

Shalom User 168657!!!

Pundit Failure: We Are in a Bear Market and This Is a Recession

Down market periods such as the one we are in right now are like the Emperor's nakedness; only the honest and nontalking heads will acknowledge the lack of clothing!

What is the FICO score for BAC, BSC, MER, MS, GS, CFC, et al? Are they SUBPRIME BORROWERS now?