Posts tagged as:

recession

Banks at Risk of Failure: 702

February 23, 2010

According to the FDIC, over 700 banks are currently at risk of going under, a huge jump over the last three years, and a bit of a shocker given the size of the federal stimulus. The FDIC has already shuttered 20 banks this year, and there is no sign that things will improve in the [...]

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Support the Small Businesses You Love

September 2, 2009

When the economy goes sour, big businesses get all the attention and government money. But I am far more concerned with keep my favorite coffee shop and restaurant open, and making sure my handyman stays in business. I could care less whether Bank of America goes bankrupt.
So I have made an effort to support those [...]

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Bankruptcy lawyers succumb to economy-induced stress

July 29, 2009

In its monthly newsletter, the National Association of Consumer Bankruptcy Attorneys mentioned that several bankruptcy attorneys recently committed suicide, had heart attacks, or gave up on bankruptcy practice entirely to get away from the stress.
Consumer rights lawyers, including bankruptcy attorneys, see some of the worst effects of the recession. But until now, I did not [...]

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Link roundup, week of July 5

July 6, 2009

When I get busy, quality links tend to pile up in my Google Reader queue. Here are some great news items I have not gotten around to blogging about:

Researchers can guess your social-security number from public information like your birthdate and birth location | Red Tape Chronicles
Young adults dispute Suze Orman’s claim that young people today “have [...]

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2 million jobs lost in 2009

April 3, 2009

This is for 2009. As in three months. Oof. 2 million jobs lost in 2009 | CNN

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1 In 10 Americans Are On Food Stamps

April 2, 2009

1 In 10 Americans Are On Food Stamps | Consumerist

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Student Loan Nightmare: Help Wanted

April 1, 2009

“[W]hy aren’t student loans receiving the same attention, same care and forgiveness as every other loan in America?” Student Loan Nightmare: Help Wanted | AC360

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Senate votes to re-inflate the housing bubble

February 5, 2009

The Senate has approved an addition to the economic stimulus package that would give a $15,000 tax credit to anyone who buys a home within two years of the bill’s passage. The credit only applies to a principal residence, and would have to be repaid if the buyer sells the home within two years..
On the [...]

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Sears upsells plasma television “recharging” service (Hint: no such thing)

January 26, 2009

Imaginary products have infinite margins: a sure way out of the recession. Sears upsells plasma television “recharging” service (Hint: no such thing) | BoingBoing Gadgets

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It’s official: The economy is in a recession

December 1, 2008

Duh. It’s official: The economy is in a recession | CNN

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Wall Street Hoped They’d Be “Wealthy And Retired” Before The House of Cards Fell

October 23, 2008

Wall Street Hoped They’d Be “Wealthy And Retired” Before The House of Cards Fell | Consumerist

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Crisis rooted in bankruptcy law

October 8, 2008

“Agreeing with House Financial Services Committee Chairman Barney Frank that the current financial turmoil “was brought on by mortgage foreclosures,” Kentucky’s senior federal bankruptcy judge, Joe Lee of Lexington, also blames a greedy credit industry for selling Congress “a bill of goods” three years ago.” Crisis rooted in bankruptcy law | Lexington Herald-Leader

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U.S. bank failures almost certain to rise in next year

October 5, 2008

U.S. bank failures almost certain to rise in next year | CNN

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This American Life explains the financial crisis & the bailout

October 4, 2008

This American Life has done two excellent shows to help ordinary folks like you and me understand the morass that is the U.S. economy.
A few months ago, in The Giant Pool of Money, Ira Glass and his crew explained the link between the housing crisis, the turmoil on Wall Street, subprime lending, and more. Follow [...]

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Stocks slump despite bank rescue

October 3, 2008

“Dow suffers worst weekly performance since the week after 9/11 attacks, as investors remain fearful about the economy.” Stocks slump despite bank rescue | CNN Money

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America needs smart, limited, enforceable regulations

October 2, 2008

With all the campaign rhetoric flying around as Congress scrambles to rescue its biggest campaign contributors, it is easy to lose focus on the underlying problem: how did we reach a point where Wall Street fat cats determine the stability of our country and the economic prosperity of regular Americans?
When the stability of Wall Street [...]

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Bailout bill fails; Dow plunges

September 29, 2008

Bailout bill fails; Dow plunges | CNN

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Goodbye WaMu, Hello JP Morgan Chase

September 26, 2008

If you were a Washington Mutual customer yesterday, you are a Chase customer today. JP Morgan Chase bought up most of WaMu’s accounts in the biggest bank failure in history. Expect the stock market to limbo to new, lower heights today.
What will happen if you are a WaMu customer? Here is what Chase has to [...]

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Bankruptcy, Takeovers, and Bailouts – Oh My!

September 18, 2008

Bankruptcy, Takeovers, and Bailouts – Oh My! | Queercents

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Wall Street’s losses

September 18, 2008

Screencap of the New York Times’s excellent infographic. The real thing includes a ton of information when you mouse over the squares.

A Year of Heavy Losses | New York Times (via BoingBoing)

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