Liquidity crunch and financial meltdown continues – Bear Sterns problem is just the tip of the ice berg – other firms also in trouble
Karen Zuba
Mar. 10, 2008

Bear Stearns Cos. lacks enough access to capital to pay for its obligation. The stock is getting hammered in the wall street. But the problem of Bear Strens is prevalent in entire wall street that got hooked up into leveraged buyouts, subprime loans and catastrophic speculations.

It is just the tip of the iceberg. Credit-default swaps protecting against a default by Bear Stearns for the next two years soared to 970 basis points. Other firms are not lagging behind either.

The meltdown is across the whole financial services industry. Contracts protecting from a default by Lehman Brothers Holdings Inc. for five years jumped 75 basis points to 410.

Liquidity crunch and financial meltdown continues – Bear Sterns problem is just the tip of the ice berg – other firms also in trouble
Karen Zuba
It is just the tip of the iceberg. Credit-default swaps protecting against a default by Bear Stearns for the next two years soared to 970 basis points. Other firms are not lagging behind either.
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Underemployment in US economy changing to unemployment – a sign of deflation and depression
Peter Oberois
Prices for common people are rising fast and at the same time wages are stagnated. This is called classical underemployment and is often the symptom of problem in a third world country.
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Retail sales stalling, trade and budget deficit worsening and consumer index dipping – the US depression worsens but real estate may be bottoming
Sam Adelton
The next week economic data will point to the fact that retail sales is stalling, trade deficit is worsening, and consumer index is further dipping. The US depression worsens and the financial meltdown triggered by mortgage collapse continues.
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Bill Foster, a physicist, a middle class American, shows the world the magic power of Obama by taking Hastert's former congressional seat
Nita Chandresh
If the trend persists and war mongering, fear spreading is continued by McCain Bush legacy, there will be no corners left in US that will not reject them outright. Hillary Clinton is just part of the Bush MacCain team now after what she did last week.
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FBI’s investigation of subprime lender Countrywide Financial Corp. on possible securities fraud can bring real trouble for Bank of America
Kirt Meham
Bank of America may be wondering about its worst financial decision to buy a possible fraudulent predatory lender that is about to sink fast.
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85,000 job loss in the first two months confirms US depression – rates headed for zero percent
Nadia Solkar
The job losses are slowly accelerating. The underemployment is changing to outright unemployment. The stagflation that was dominating the economy for the last six years is slowly changing to deflation.
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Bush and Clinton’s secret billions of dollars in trouble as Carlyle Capital Corp could go bankrupt unless its private equity founder injects more money – financial meltdown continues
Harry Patil
It is now clear that the credit crisis is striking at the very epicenter of business and governmental power in America, and potentially threatening the fortune of the Bush and Clinton families.
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There is no need to call anyone a monster - Clintons must disclose their money source, foreign oil deals, Saudi money, and complete disclosure of all tax returns
Nita Chandresh
How much did the Clintons get from the Saudi King? What about secret oil field deals in the Central Asian region and elsewhere?
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