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On BBC today Freddie Mac reports massive loss

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According to BBC Fannie Mae and Freddie Mac underwrite more than half of all US mortgages.
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Valued Contributor
and FM now under written (owned) by the US tax payer ..
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Valued Contributor
an apparently JPM made a profit in Jan Feb as well as Citi .. making verybody very excited, US has the first 2 greens days in a row in a month ..
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More bad news in a similar vein: foreclosures up (http://biz.yahoo.com/ap/090312/foreclosure_rates.html). The scariest part: "While the number of foreclosures continue to soar nationwide, banks have held off listing properties for sale... There were around 700,000 such properties nationwide at the end of last year, making up a 'shadow inventory' of unsold homes that could drag the housing crisis out even longer."
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Super Contributor
And there's been a hold on foreclosures by some banks (and F&F IIRC), which has to be balanced by an acceleration at some point. Obama's help will work for a pretty narrow range of homeowners - responsible ones who can be helped. Job losses are starting to have an effect, and likely an increasing one. Eish.
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I wish to point out how since 2007, it has been in September and March that the greater bank failings have come to the fore,.. Conditions are such in the skies that lend toward a very similar trend at present to that of Sept2007,... I.e. in the next few days there is some real big news to be coming out regards the Insovency of large banks etc,..
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