Clark Howard talks about troubled banks and unemployment
Some interesting articles from Clark Howard’s website:
Barron’s identifies financially troubled banks
CLARKONOMICS: Is your bank financially healthy? A new analysis from Barron’s takes a hard look at the 13 largest banks in the United States and has identified seven that are effectively insolvent. Read the full story.
New unemployment stats obscure larger jobless measure
CLARKONOMICS: The official unemployment figure for February now sits at 8.1%; that means roughly 1 in 12 Americans are without work. And it’s likely to rise to somewhere between 10% and 12% before this whole recession is through. Read the full story.
Another breach of credit card numbers?
A recent report in USA Today suggested that we’re now in the midst of a third major breach of credit card numbers that could affect both Visa and MasterCard holders. Read the full story.
Federal TALF program hopes to unlock the credit market
The federal government is quietly launching a $1 trillion program that it hopes will get the credit market moving, according to The Wall Street Journal. Read the full story.
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Tags: banks, credit, credit cards, jobless, mastercard, talf, Term Asset-Backed Securities Loan Facility, unemployment, visa
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