Thursday, October 30, 2008

more economic troubles.

Asian stock markets surge after Fed rate cut...
FED CUTS INTEREST RATE TO 1%....

Cuomo warns nine banks about bonus payments...

The “Dirty Little Secret” Of the US Bank Bailout

By Barry Grey

In an unusually frank article published in Saturday's New York Times, the newspaper's economic columnist, Joe Nocera, reveals what he calls "the dirty little secret of the banking industry"--namely, that "it has no intention of using the [government bailout] money to make new loans." Continue

The Rothschilds and their 200 years of political influence: John McCain's campaign team is under investigation for allegedly accepting a benefit in kind from two mega-rich British citizens, namely Nat Rothschild and his father, Jacob, the Fourth Baron Rothschild.

Putin rules out nationalization of Russian economy: "I would like to stress that imposing state controls on Russia's economy is not, cannot be, and will not be our task. Increasing the state's presence in the economy is a forced measure and is temporary," Vladimir Putin told an economic conference.

U.S. pulls the plug on the world: The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries.

Banks to Use Bailout Bucks for Mergers: The Treasury Department’s capital injection program is well underway, with more than $150 billion total now promised to around 30 banks. So far, the evidence suggests many of those banks will use the cash to buy up weaker banks.

Car dealers hit by sales decline, weak economy: Sonic Automotive, which operates only in the United States, posted a loss of $25.3 million, or 57 cents per share during the quarter, compared with a profit of $26.1 million, or 58 cents, a year ago.

House Of Credit Cards About To Crash

Next Bailout Battle Rages In DC

US Consumers Stop Spending

Banking Misery Engulfs Japan

China Cuts Interest Rates Again

Iceland Complains UK Has Devastated Its Economy

Brown Looks To China To Strengthen IMF

IMF Agrees To $25B Rescue For Hungary

Hungarian Currency Collapses

Interest Rate Hopes Lead Market Surge

Fed May Drop Rate To 1%

How Intl Bankers Gained Control Of America - Vid

Hedge Funds Lose £24B As VW Shares Take Off

Porsche Pulls Off $20B Share-Killing 'Sting'

Ukraine On Brink Of Financial Collapse

Bailouts Continue - China Takes Aggressive Action

Credit Losses Far Exceed Bailout Injections

WH To Banks - Quit Hoarding, Start Lending

Putin Suggests Russia, China Ditch Dollar

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