ONLY two banks failed today. That counts as good news.
Wall Street is doing well while Main Street is still in the doldrums.
I guess the banks run by "The Masters Of The Universe" are almost immune to failure (bailouts anyone?) while all the smaller local banks we actually depend on still live in a "capitalist society". It seems "state socialism" only goes so far.
How much fraud can people handle before they get angry -- and direct it in the right direction?
We will discover -- sooner or later.
Wednesday: GDP, Unemployment Claims, Durable Goods, Personal Income &
Outlays, Pending Home Sales
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[image: Mortgage Rates] Note: Mortgage rates are from MortgageNewsDaily.com
and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Banker...
11 hours ago
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