Tuesday, February 26, 2008

More Dollar problems

Oil Prices Approach $100 a Barrel...

Existing Home Sales Hit 9-Year Low...

The Subprime Hangover

Here Comes The $739 Billion Taxpayer Bailout

By Mike Whitney

The biggest economic scandal in the last half century, the subprime fiasco, and the “business friendly” stooges at the SEC are still sitting on their hands reciting passages from Milton Friedman instead of dragging crooked banksters off to the hoosegow in leg-irons.
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Bank of America Asks Congress for a $739 Billion Bank Bailout: If lawmakers and the Bush administration agreed to this step, it could be on a scale similar to the government’s $200 billion bailout of the savings and loan industry in the 1990s. The arguments against a bailout are powerful. It would mostly benefit banks and Wall Street firms that earned huge fees by packaging trillions of dollars in risky mortgages

Current account balance: Rank Order By Country - : Ranked number 163? USA

Deep recession feared in U.S.: Economists are no longer talking about a U.S. recession but a deep recession after figures yesterday showed business sentiment continued to plummet in early February

Major US Banks - Fundamentals Rapidly Deteriorating

Lenders Fighting Mortgage Rewrite

Moneychangers Destroying US - Christians Blind

IMF Manipulating Gold Market

Wheat Hits Record High On Low US Inventory

10 Weeks From NO Wheat - Lowest Level In 50 Yrs

$739B In Mortgages At 'Moderate To High Risk'


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