Leftfield

On Goldman and CIT: No Free Lunches

The game goes on because Washington put the taxpayer on the hook with TARP, giving beneficiaries of CDO's full payoffs despite counterparty collapse (AIG). The assumption of too-big-to-fail holds regardless of the scam, such as John Lounsbury brings up.
AIG's new CEO is getting $10 million plus $4 million stock options and $2-1/2 million performance bonus. Whatever, it's only the taxpayer's money.

Second U.S. 'Bank-for-Businesses' Faces Bankruptcy

Evil or stupid? That's the only choice I see for the leadership we have. I fear they have a plan to indebt Americans to the state-run system to continue to prop up failures and permanently enslave and impoverish the rest of us. Stupid doesn't describe this amazing level of theft from the productive.

Accelerating Bank Failures Refute Recovery Hype

You don't expect Wall St. to work towards a functional financial system just because the sheep handed them 10's of $trillions, do you?
They must feel quite confident as their bench of sold-out candidates if quite deep even if we toss incumbents for awhile and MSM along with government schooling keeps Americans clueless and nearly without recourse.
I noticed at the sellout of Bear Stearns organized by Paulson that GS paid less than the cost of the headquarters tower. Seemed unpatriotic at the time. Just a taste of the total sellout to come.
Government is a fine example of failure and was codependent on the financial sector's smoke and mirrors to prop up their own. Fully bloated now they need to prop Wall St. to continue any pretense we can support their unaffordable parasitism.
Can Americans wake up in time to end this farce?

Saving CIT: Good News for the Confidence of the Entire Financial System

I do wish I could list making a sinecure for my seamstress as a major problem. Like the TARP wife, who's husband didn't see the debt default tsunami coming like the other big banks.
I did. Couldn't miss it. In '05 when I refinanced I told everyone how they were handing mortgages out like candy. Something was clearly wrong even to me.
The bigshots were either incompetent or criminally greedy, like GS, parlaying the country's disaster they instigated into record profits.
She is not interested in donating to charity or helping businesses stay afloat. Just, to keep up proper appearances while pinching dimes to others. Her, her husband and most of our leaders are peas in a pod.

Six Signs Economy Is Turning the Corner

From informed, realistic-sounding comments and articles I've been reading on SA like stnickb1 above, it looks like CIT was the major lender to numerous smaller businesses. Our leaders continue to "let them eat cake" by letting this one amongst the majors drop dead.
I'm not reassured by these indicators as tax collections are in the toilet and letting CIT drop is an indicator that a fairy godmother is expected to rescue governments rather than jobs and middle-American businesses. Indicators cite din the article are mostly Wall St. monopoly games.
I don't see how this works if voters wake up other than at the point of a gun.

Did We Nationalize Banks, Or Did They Nationalize Us?

Somehow I would believe Hanky's act more if it didn't involve the largest heist in history and saving his colleagues at our expense. Swindling the taxpayers out of nearly $1trillion in about a week, saying haste was essential, giving limitless powers and immunity to himself, don't ask questions, is too self-serving to pass as stupidity. Congress will plead the same if(!) they are actually asked hard questions at election time. Mainstream media will probably ask about favorite sports teams and the weather, though.

The Obscenity of Bailouts on Full Display

The hope one might have had after the TARP disgrace that a new administration might target ordinary struggling people is long dashed. Along with any thought the powers that be will use what's left of the dollar and public balance sheet effectively.
While real jobs fled, government and Wall St. grew and average incomes shrank under cover of exploding indebtedness, the powers that be learned their craft well. They bought up the media and continue to successfully swindle and spin.
If the voters keep settling for false promises of crumbs instead of a real house-cleaning, the looming debacle will include irreversible changes to enthrone these parasites forever.