Truemors
Largest Banks End Moratoriums, Increase Foreclosed Homes
The country's largest lenders, including JPMorgan and Citigroup, have pursued foreclosure actions on borrowers who have not done anything to remedy their mortgage problems during the moratoriums, increasing the number of foreclosed homes across the nation. " After giving in... 
Trend Alert: Global Systemic Crisis, Geopolitical Dislocation!
" By Leap2020 GEAB N°32 is available! 4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation - Public announcement GEAB N°32 (February 16, 2009) - Back in February 2006, LEAP/E2020 estimated that the...
Bank of America to Cut 35,000 Jobs by 2011
NEW YORK - Bank of America said yesterday taht it will eliminate 3,000 jobs over the next three years, as it faces a deteriorating economic environment and tries to absorb Merrill Lynch & Co. An announcement... 
Firing in Job Street: JPMorgan to eliminate 9,200 employees
The Firing spree is in full swing , this time the number of wounded is 9200 in the office of financial giant JP MORGAN.The rescue work by the fedral agencies are not paying its result,the unemployment data is on...
JPMorgan Asset Management Predicts Profit
THIS IS THE RAY OF HOPE.....IN SINKING ECONOMY.. atleast JP Morgan thinking for green.." JPMorgan & Chase's asset management arm expects to be profitable in the fourth quarter, despite worldwide turbulence from the global financial crisis, the unit's...
So When Will Banks Give Loans? (Sen. Dodd Warns Banks of Revolution and Hell ...
The overgrown cancerous blood-sucking parasites, I mean the Banks of Corporate America, aren't going to be using the $700 billion bailout to extend credit to American businesses and homeowners going under water; they'll be using it for a merger and acquisitions spree, while... 
IT’S THE DERIVATIVES, STUPID! Why The bailout Had to happen
"This story from Web of Debt is one of the few that made it very clear to me that if the Fed did not intervene, chaos would have shortly followed and even more large dominoes would have fallen. Sad part is that...
JPMorgan sells $10 billion shares, faces Q3 loss
" The $1.9 billion acquisition of WaMu makes JPMorgan the second-largest U.S. bank by deposits and marks the largest bank failure in U.S. history. It also saddles JPMorgan with the troublesome mortgages that caused painful write-downs and credit losses for the thrift. ...
FAIL: TPG loses 1.35 billion in WaMu investment
Think you've lost some money? Not even close. Private equity firm, TPG, lost $1.35 BILLION because they invested in Washington Mutual six months ago. If you've missed the news recently, WaMu just crashed, burned,...
created by Jason Sanders | 1 year ago | updated 1 year ago
223 views | 0 recommendations | 0 comments
223 views | 0 recommendations | 0 comments
WaMu Bought by Chase: All Your Bank Are Belong to Us
Washington Mutual has foundered in the stormy seas of Wall Street, and has been salvaged by JPMorgan Chase. When I read the news while patrolling the site this morning, I immediately checked my own account,... 
created by Jordan Yerman | 1 year ago | updated 1 year ago
1449 views | 14 recommendations | 4 comments
1449 views | 14 recommendations | 4 comments
Washington Mutual, the largest Bank Failure In US history; Clients withdraw $...
Clients withdraw $ 17bn2008 WaMu lost more than 90 percent of its stock market value. A downgrading of the rating agencies worthened the situation. Customers removed of $16.7 bn U.S. in assets from the... 
Burning Through Billions
"I thought it was expensive in Vancouver… So far this week the US fed has committed: AIG= $85 billion Fannie Mae and Freddie Mac=$200 billion Federal Housing Administration to refinance failing mortgage into new, reduced-principal loans with a federal guarantee, passed as...
Leading American Insurer AIG close to bankruptcy
Leading American Insurance company American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its... 
Companies impose new disclosure rules on activists
Several key corpoartions announced today that they would require more detailed disclosure from politically or socially active shareholders. Citing insufficient securities laws, the move was made amidst speculation that conflict of interest could motivate some...
Wealthy Struggle in US Credit Crisis
With news announced that American house prices have plunged by up to 15% in the subprime crisis, it has been revealed that America's wealthy are beginning to feel the pinch, struggling with their mortgages and credit card bills, with lenders tightening their lending...
created by Christina 123 | 1 year ago | updated 1 year ago
209 views | 2 recommendations | 2 comments
209 views | 2 recommendations | 2 comments
