Originally Posted By queenbee What concerns me is that for a significant percentage the borrowing ssem to represent the vast majority of their disposable income. What are they to spend?
Originally Posted By ecdc <a href="http://www.nytimes.com/2009/08/10/opinion/10krugman.html" target="_blank">http://www.nytimes.com/2009/08...man.html</a> Paul Krugman once again disappoints the doom and gloomers with his moderate voice. He absolutely says the economy is still terrible and there's plenty to whine and complain about. But overall, the role of that big evil government of ours is what stopped the Great Depression II: The Republican's Revenge from screwing us all.
Originally Posted By fkurucz <<Recent unemployment figures showed a drop in unemployment. Sure, it was just .1%,>> And yet there was a net loss of almost 300K jobs. Better than the previous month, but still a net loss. Which only means that a large number of people gave up looking for work.
Originally Posted By mawnck Big bank go boom. >>BB&T Corp. is taking over Colonial BancGroup Inc., the Alabama lender whose collapse would mark the biggest U.S. bank failure this year, a person familiar with the matter said. Colonial, Alabama’s second-largest bank, will be turned over to BB&T in a deal brokered by the Federal Deposit Insurance Corp. as soon as today, said the person, who declined to be identified because the agreement wasn’t public. Montgomery-based Colonial is being shuttered by regulators after an expansion into Florida saddled the lender with more than $1.7 billion in soured real-estate loans. << <a href="http://bloomberg.com/apps/news?pid=20601087&sid=aXsSaA6DJw_4" target="_blank">http://bloomberg.com/apps/news...aA6DJw_4</a>
