Lehman Brothers, AbitibiBowater, Black Crow, W Union Square: Bankruptcy

Lehman Brothers Holdings Inc. said yesterday that it will invest another $1 billion in its two non- bankrupt bank subsidiaries, Aurora Bank FSB and Utah-based Woodlands Commercial Bank.

Lax Basel III Rules to Spur Further Bank Consolidation, Meaning More TBTF?

The “lax” is clearly a tad inflammatory, but tweaks in Basel III rules to allow dubious quality items like mortgage servicing rights as Tier I capital speak volumes. In addition, the various noises from policy makers makes clear that they aren’t willing to make banks raise capital level by much due to fears of the [...]

Gold & Investement in Failure

Use the above link to subscribe to the paid research reports, which include coverage of critically important factors at work during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces.

Markets ruled by extreme mispricing

Here's my holiday resolution; I'm selling the house and piling the proceeds into Greek government bonds.

Gold & Investment in Failure

Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion.