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Why do banks fail? Open discussion about the current economic situation
Recent Posts Tagged With 'bailout'
Europe tries again, bailout part two
After the earlier efforts to stimulate leading have mostly failed in the United States and Europe, government across Europe are trying to “forcefully assure that bailed-out banks lend more money to offset the recession that has engulfed both contin...
$825 Billion Stimulus package – keep printing Uncle Sam
Turns out the bailout of the nations banks is not enough. We now are going to inject cash directly into the hands of, well everyone expect the people who need it. Â We at Whybanksfail have our own stimulus plan, called; Give the money back to the t...
A good thing is never enough, Bank of America to get more Bailout dollars
Buy low, sell high. It’s the mantra of smart investing. But how do you know something is at its bottom. In the financial crisis of 08/09, I would not want to be making those bets. The problem is that money is getting thrown around, and good money ...
Naming Names – TARP – who’s watching your money
What’s the best place to put a secret? In plan sight.  The funny thing about information is that if you make it available and don’t trying to hide it behind some veil, people general are to accepting that they don’t even realize that somethi...
Continued changes in bank ownership (International)
United Kingdom In England, Lloyds TSB and takeover target HBOS have walked away from a pari of rights issues, which is now leaving the Bank of England with the bill, a staggering 17 billion pounds, which is needed to rebuilding the banks capital. Â...
$10 Million for a job poorly done.
In another example on why it’s better to do your job poorly Dell is paying its Michael Cannon, president of global operations $10 million  Breakdown: ·         Cash severance payment ·         $5 million paid on or before ...
It’s because they need the money… or so they say.
An article featured on Forbes.com by Dan Gerstein, Chrysler’s Hidden Coffers, highlights the real story behind Chrysler’s begging. The Big Three are asking for a bailout to prevent shutting down. Â They want to prevent job loss, and prove...
New Name - Why American Car Companies fail
Recently we have thought about changing our name to reflect what ever the current industry in crisis was, but since that just about everyone, we will stick to Whybanksfail. Â It looks like GMAC, which was trying to get additional bailout funds by c...
New Mortgages Not Helping Homeowners
Boston.com posted an article today, Reworked mortgages not working, about how more than half of delinquent borrowers who had their mortgages reworked earlier this year to avoid foreclosure were behind on their new loan payments after just six months....
Are American cars worth $125 billion?
What will the final cost be to fix Detroit’s Three automakers?  A comprehensive bailout for General Motors, the Ford Motor Company and Chrysler could cost as much as $125 billion, and even the companies themselves are hard pressed to dispute that...
Homeowners and the future state of the economy
Financial institution around the country have received there hand-out, why not the American Homeowner. After all it is the homeowner that goes out and uses the banks, the credit cards, buys the cars, and generally makes the economy work. If he/she do...
Peter Schiff - Gets in More Trouble
CNN hosted Peter Schiff again, during the interview Peter says what he thinks about the bailouts. He’ saying that people need to work for the money, and we have to work hard. Â A “bailout” Â won’t fix everything. Peter Schiff ...
Peter Schiff on the Bailout
Peter Schiff on Fast Money, the man who called the economic collapse in 2007, says what he thinks about the economy right now. “I think what’s happened in commodities and the dollar right now, is temporary …. these prices get sold o...
Bailout Details for Citigroup, Guarantees on $306 Billion
In an effort to keep Citigroup, Inc (NYSE: C 3.77 11/21/08) afloat, the US government announced a plan to make available guarantees on over $300 billion of troubled mortgages and other assets after a week were Citibank lost more then 60% of its value...
Third bank shut down Friday, Most in one Day
On Friday, the FDIC and Georgia regulators shut down the third Georgia-based bank this year. The Community Bank, based in Loganville, Ga. became the 20th nation bank failure this year and was followed by two bank failures in California, making the to...
Could Citibank Fail
The Saudi Prince has spoken, but it’s not enough to help Citigroup out of the downward plunge it is on.  Citibank opened 4% lower, but it got much worst as the day went one. Losing more then 26% to trade close the day at 4.71  Breakdown: Citiban...
Americans Slows Down, CPI and Home Starts lower in October.
The Consumer Price index (CPI) has had its biggest drop in October; since the Labor Department began keeping monthly data in 1947. Newly constructed homes saw a new record low as well, underlined how rapidly the economy was weakening. Â Breakdown: ...
Bailout Total = $4.28 trillion
CNBC has been keeping track of the total dollars spent so far on the Financial Crisis that we are seeing. That total is, $4.28 trillion.  The post, Financial Crisis Tab Already In The Trillions, says “… that number is more than what wa...
Bailout costs top $2.5 trillion so far
An article on BailoutSleuth.com posted on November 10, 2008 updates some of our earlier work in analyzing the total cost of the bailout. Â For discussion please check out our forum thread, Total Cost of Bailout: $1.5 trillion … so far from Octo...
