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WASHINGTON – The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades. And the trouble in the banking system from bad loans and the recession goes even deeper than the number suggests.Dozens, perhaps hundreds, of other banks remain open even though they are as weak as many that have been shuttered. Regulators are seizing banks slowly and selectively — partly to avoid inciting panic and partly because buyers for bad banks are hard to find.Going slow buys time

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Random Feed wrote an interesting post today on
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Repeat after me: the credit crisis was the result of too much cheap and easy lending. Ergo, any return to healthier practices means more expensive and less readily available debt. The problem is that the powers that be don’t quite grasp the implications, or to the extent they do, are still trying to have their cake and eat it too. They want a sounder banking system (or so they say, but with the banksters in charge, this is likely all talk). But heavens no, we cannot restrict credit, bad thing

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Random Feed wrote an interesting post today on
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by Michael S. Rozeff LewRockwell.com With their money and banking system having presented them with a case of system failure by disintegrating before their eyes and taking the economy with it, America’s economic experts who support and run the FED’s central banking–inconvertible paper dollar system cannot place the blame for this where it belongs, which is on the system itself, its supporters, and those who make its policies. They cannot bring themselves to diagnose the system’s ills and rec

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wrote an interesting post today on
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In recent years the debt securitization market was the source of roughly 60 percent of all credit in the United States. Now securitization is on life support—whatever securitization is still happening largely occurs because of government programs. This makes credit hard to come by for everyone from consumers to businesses. Jenny Anderson tells the tale of the woeful state of securitization in today’s New York Times. Enormous swaths of this so-called shadow banking system remain paralyzed. D

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Random Feed wrote an interesting post today on
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-by the Mysterious Flying Miser From Bloomberg : “BlackRock Inc. Chairman Laurence Fink said Obama administration programs to help homeowners stave off foreclosure may hinder the recovery of the mortgage market while benefiting banks that own second loans on the properties. ‘I am just very worried,’ Fink said yesterday in an interview in New York. ‘How do we get a vibrant securitization market back when we are doing these things in the short run that are good for the banking system and go

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