The next wave of financial meltdown about to start – small bank lining up for TARP funds
Joe Weinman
Jun. 27, 2009

The TARP money has bailed out the big banks. But now small banks all over US are lining up for the Federal help. They want to take the money and loan the same at higher rates to risky hometown businesses. The hope is that the economy will turn around and another ten year prosperity cycle will hit the ground straight.

If the economy does not turn around, the next wave of financial meltdown will wipe out the financial infrastructure.

Thes esmall banks plan to funnel the money it can get from the Treasury Department into loans to fledgling businesses.

The next wave of financial meltdown about to start – small bank lining up for TARP funds
Joe Weinman
If the economy does not turn around, the next wave of financial meltdown will wipe out the financial infrastructure.
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Lantus diabetes drug was linked to an increased risk of cancer in studies in Germany and Sweden : European Association for the Study of Diabetes
Special Correspondent
European Association for the Study of Diabetes says Sanofi-Aventis SA’s Lantus diabetes drug was linked to an increased risk of cancer in studies in Germany and Sweden.
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Coca-Cola, Archer Daniels use lobbyists to stop Obama from financing a federal health-care overhaul using tax on sugared beverages
Marla Guthrie
President Obama is adamant on getting the healthcare reform complete. The money has to come from somewhere.
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Warren Buffett’s lunch meeting price points to a deep bear market for the rest of 2009
Peter Oberois
The steakhouse lunch with billionaire investor Warren Buffett sold for $1.68 million in an online auction to benefit a San Francisco charity, trailing last year’s record of $2.1 million by a staggering 25%.
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The highest savings rate in 15 years signaled consumers may pare spending in US – the housing recession, the loss of jobs having direct effects
Sam Adelton
The US Commerce Department reported that the savings rate among Americans reached 6.9 percent in May, the highest since December 1993...
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Brazil, Russia, India, and China start discussing removing US dollar as the world benchmark currency
Sagar Malhotra
It is a complex issue, says Indian Prime Minister Manmohan Singh.
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Obama must wake up and watch Standard and Poor’s decision to downgrade its outlook for British sovereign debt from 'stable' to 'negative'
Joe Weinman
With no change in policy, it could hit 100 per cent of GDP in the next three years.
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Eurozone’s banking system ready to meltdown before that of US – the only exception is Germany
Marla Guthrie
The impact on the world economy will be immense.
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