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Ireland Jumps: Will Others Follow?
Ireland Jumps: Will Others Follow? In light of this, when previous measures with the dreaded Troika – the IMF, European Central Bank and the European Commission – run out in the coming month, Ireland will not seek any new line of credit from the strict family of German-dominated lenders

Fat Kid Wednesdays, Implosion Mondays: January 27th at the Icehouse
Michael Lewis is best known around town and well beyond as one of the most creative sax players in modern music, lending his blowing skills to the acclaimed Happy Apple as well as FKW. Noted Richard Brody in The New Yorker, “Lewis's dry, metallic tone 

The Mets May Need to Rely on Their Last Money Lender – The Fans
In December of 2008, Bernie Madoff was arrested for orchestrating perhaps the largest Ponzi scheme known on Wall Street, which in turn, triggered the financial implosion in Flushing. In Citi Field's first season of operation, the Mets incurred a $9

$700M rescue bid fuels fallout fears
How and what form its settlement could take are jolting a cultural and nonprofit community only just recovering from the twin whammies of the recession and automotive implosion. Will the price of the DIA's freedom if the destination remains unclear

Mortgage Lender - Implode O Meter Website - Mortgage Crash!

Mortgage Lender Implode O Meter Website: Everything inside the mortgage / lending collapse. Interesting website.

Decade Later: Safer financial system yet much hasn't changed

What’s changed in US financial system since ’08, at a glance

The Associated Press

The financial crisis touched off the worst recession since the 1930s Great Depression, wiping out $11 trillion in U.S. household wealth and leaving about 8 million Americans jobless. Taxpayers funded multibillion-dollar bailouts of Wall Street mega-banks, smaller banks across the country and other financial firms.

Ten years later, the economy’s recovery has been steady but lackluster, especially for less-than-affluent Americans. As a whole, though, the financial system and the economy are far stronger than they were in the perilous autumn of 2008 when the meltdown struck.

Some indicators:


September 2008: 8,384

June 2018 (most recent available data): 5,542

Regulators seized and closed 521 failed banks from 2008 through now, with the bulk of closures from 2008 through 2013. The peak was in 2010. That year, regulators took over 157 banks, the most in any year since the savings and loan crisis of the 1980s and 90s.

Why market view changed for financials

The sharp fall in financials could not have come at a more inopportune time. The indices were driven to new highs mainly by financials. Private banks, home finance , insurance, asset management companies, non-banking finance companies (NBFCs) and microfinance companies were heavily weighted in public portfolios. Consensus around them was near total. Public sentiment ruled high on financials and it looked like the party would last for a long time. Then, the tide turned suddenly, taking everyone by surprise.

To understand what caused this sudden reversal in sentiment, let us appreciate what catalysed the current boom. Firstly, everybody had forgotten the pain from past cycles suffered by leading banks and NBFCs after their unsecured personal loans books grew. This time, players who suffered in the last cycle waited out the aggressive personal loan book growth. They moved into newer avenues like vehicle loans for growth. The troubled public sector and private sector banks were busy dealing only with legacy loan issues from the previous boom. Aggressive players from the previous boom vacated the growth space in lending.