America not always averse to nationalization...
California May Pay Yields of 4.5% to Lure Buyers to $4 Billion Note Sale...
WALL ST. SLIPS FOLLOWING DOW WOW...
Oil falls below $80...
Gas price has record drop to 8-month low...
Bush Pledge: 'Government's role will be limited and temporary'...
In New Era, U.S. to Buy $250 Billion in Bank Stakes
By Daniel Trotta
The U.S. Treasury will buy nonvoting preferred shares in major financial institutions, with stakes in each limited to $25 billion. Bank executives must accept limits on their pay, and standards of corporate governance. Continue
Big Banks Get $125 Billion Cash Going Away Gift
By Robert Wenzel
Please sit down before you read this. If you have high blood pressure or heart trouble don't even try to read this, find a decent sports page instead, this is not for you. Continue
Does the Bailout Pass the Smell Test?
By Paul Craig Roberts
The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent. Continue
The Final Shoe on American Consumerism is About to Fall
By Stanislav Mishin
The Chinese are about to raise prices on consumer goods as they have already raised prices on metal industrial inputs. There are three reasons for this. Continue
Ahmadinejad warns of US plundering: Iran's President Mahmoud Ahmadinejad has warned that Washington's financial meltdown may pave the way for a new era of loot and plunder.
Soros sees end of US-led globalized market system: "This is now over. The game is out. It does mean a very serious adjustment for America," added Soros
Europe to U.S.: You messed up the rescue, too: First you mess up the world's financial system. Then you blow the rescue of it. Now let's show you how to do it properly.
In new era, U.S. to buy $250 billion in bank stakes: The U.S. Treasury will buy nonvoting preferred shares in major financial institutions, with stakes in each limited to $25 billion. Bank executives must accept limits on their pay, and standards of corporate governance.
Think tanks say Germany on verge of recession: A group of leading German economic think tanks say Europe's largest economy is on the brink of a recession.
Former Fed chief says U.S. now in recession: Former Federal Reserve Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system.