Saturday, December 27, 2008

Commercial real estate is every bit as compromised as residential

Insurance companies are full of toxic financial products

Pension funds are full of toxic products and failing investments

Credit card debts, tuition loans and car loans are going belly up

Fraud remains endemic in our money and our markets

The remaining big banks are on life support

Bailouts have only shored up crony capitalists to date

Derivatives continue to implode behind the scenes

Resetting of mortgage loans is going to cause another round of defaults and foreclosures

Government “solutions” are destined to worsen the problems

Municipal bonds are failing

Numerous states like California, Arizona and Florida are bankrupt

A lot of hedge funds are imploding

No comments:

Post a Comment