Subprime Insight

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World stocks have slipped after Lehman Brothers, the fourth largest US investment bank, reported a massive third-quarter loss of about $4 billion.

Common good banks™ will be a ground-breaking new kind of community savings bank, controlled democratically by depositors, lending exclusively to socially and environmentally responsible companies. The bank's profits go to the community. Common good banks™ will offer typical savings bank services: checking accounts, home mortgages, small business loans, online banking, ATM cards, etc.

Forecasting the stock market is a fool's game-but there are grounds to believe there's another drop in the market yet to come. The reason: a broad decline in consumer spending, which so far has been masked by a quirk in the government's statistics. Combine that with a rapidly unraveling job market, high energy prices, and the continuing credit crunch, and you have the recipe for a drop in consumer stocks. A big decline there could take the rest of the market down with it.

Thieves smashed the window to break in and then gutted the property for its copper pipes -- a crime that has spread across the United States as the economy slows and foreclosed homes stand empty and vulnerable.

In the middle of perhaps the greatest financial upheaval since the Great Depression, Treasury Secretary Hank Paulson is proposing a change in financial regulations which basically amounts to a big wink to Wall Street.

Further signs of the end of the Japan Carry trade?

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