Thursday, June 19, 2008

more economic troubles.

BIG PRIZE: Western oil companies plan return to Iraq...

Treasury Sec. To Urge New Fed Powers; Bank Would Help Police Wall Street...

CRACKDOWN: 2 former BEAR STEARNS managers surrender to FBI...

Mortgage Mess...

House Democrats Call For Nationalization Of Refineries...

Stocks fall as oil prices surge...

Are They Really Oil Wars?

By Ismael Hossein-zadeh

Behind the drive to war and military adventures in the Middle East lie some powerful special interests (vested in war, militarism, and geopolitical concerns of Israel) that use oil as an issue of “national interest”—as a façade or pretext—in order to justify military adventures to derive high dividends, both economic and geopolitical, from war. Continue

RBS issues global stock and credit crash alert: The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

Nearly Half of Wall St. Bank Profits Are Gone: Only a year ago, Wall Street reveled in an era of superlatives: record deals, record profit, record pay. But a mere 12 months later, nearly half of the profits that major banks reaped during that age of riches have vanished.

Wall Street Credit Crisis Heads Into 2nd Year

Stocks Drop On Bank Worries, FedEx Warning

JPMorgan Chase - We Got Bear Stearns Cheap

Fed + Wall St -- Secret Meetings, Secret Deals

RBS Issues Worldwide Stock, Credit Crash Alert

Morgan Stanley Warns Of 'Catastrophic Event'

Why Oil Prices Are So High

Producer Prices Jump - Housing Starts At 1991 Low

UK Inflation Highest In 16 Years

Credit Crisis Crushing UK Banks

Credit Crisis Not Over - Banks Hoard Cash

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