Relevant:
- 5 Million Shadow Foreclosures, Some Now 5 Years Unpaid, Cast Recovery Doubts
- Singer Adds US Gov. to Argentina in Sovereign Sh--t List , Alleging ‘Cooked' Economic Data
- Want To Ruin Your Own Country? Assume Your Banks’ Liabilities
- Homeowner Alert: Scammer Masquerades as Bank, Offers Fake Loan Mods
- Ron Paul on Forbes: Be Prepared For The Worst; On Larry King Discussing Michael Moore
2009-04-13 — creditwritedowns.com
" This is a fake recovery because the underlying systemic issues in the financial sector are being papered over through various mechanisms designed to surreptitiously recapitalize banks while monetary and fiscal stimulus induces a rebound before many banks’ inherent insolvency becomes a problem."
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