greedcanbgood

The Hole in the FDIC

Good article, the failures and forced mergers however still fall short of those during the S&L crisis....

Why Does Congress Ask Fannie and Freddie to Guarantee Bad Loans?

Over all a good article. I get weary of "the sky is falling" assertions (e.g. "The reality is that there is no possibility of a U.S. “economic recovery”. The U.S. housing market is still plummeting downward, with no hope for a (real) bottom for at least another five years – and most likely much longer (see “Distressing news about Distressed U.S. properties”).") however.

Institutions have failed as a result of the old practices, I find it difficult to believe that the free market (or at least as free as the Obama Administration will make it) will quickly fall into the SAME death-spiral. Something different perhaps but certainly not the same one.