Source: Author’s illustration.
Dealbook, New York Times, 23 Apr 2009:

The head of Bank of America changed his mind about trying to pull out of its deal to buy Merrill Lynch after … the Treasury secretary …suggested that the bank’s management and board could be removed if that happened, Attorney General Andrew Cuomo of [...]

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© 2009 AP Photo/Noah Berger, Boston Globe, Scenes From The Recession - #30, 18 Mar 2009.
“Currently, the vast majority of banks have more capital than they need to be considered well capitalized by their regulators.”
- Treasury Secretary Timothy Geithner, Written Testimony Before Congressional Oversight Panel, 21 Apr 2009.
Forgive me, but where’s the news?
The financial market [...]

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                      © 2007 Denise Gibbs/Typecast Pictures’ Zombies of Mass Destruction
THE ZOMBIES ARE COMING
The foreclosure zombies are coming – coming to a neighborhood near … yours.
At first, they were an insignificant speck. You could be forgiven if you stepped over (or on) them when they crossed your path. But the undead gradually infected more and [...]

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Ira Artman’s Sterling Slivers: Greed, Fear and Loathing - What’s Next for Home Prices

Detail from Antique Pipe Rack, kelvinko.com.
For US home prices, there was greed, then fear, and now … the loathing.
The ‘greed’ era ran from 2001 through 2006; followed by a brief bout of ‘fear’ in 2007 and 2008. Now it is 2009, and [...]

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