All hell is about to break loose on Wall Street
and Around The Globe…

Lehman has warned that new accounting rules will force
Fannie Mae and Freddie Mac to raise a staggering
$75 billion in new capital to offset loan losses.
That means both must release a blizzard of new stock
to raise that money.
Investors, faced with a glut of […]

Consumer credit is tougher than ever to come by.
The story is the same for credit cards, auto loans,
boat loans, and other forms of consumer credit.
Some 66.6% of lenders said they were tightening standards
on credit card borrowers. That was up from 32.4% just
a quarter earlier and the highest since the Fed began
collecting data in 1996.
67.4% are […]