Monday, June 02, 2008

More economic issues

Treasury chief: no 'quick fix' on oil...

U.S. Economy: The Worst is Yet to Come

By Mark Weisbrot

We are facing the prospect of millions losing their homes, their jobs, their retirement savings, their health insurance, and their livelihoods. Continue


Stop The Fed Before It's Too late

By Hossein Askari and Noureddine Krichene

Are we to succumb to the Fed's disastrous policy? Are the policymakers to remain totally passive while the whole country and world economy are in an economic crisis? The longer an effective stabilization plan is delayed, the higher the risk of a severe economic downturn. Continue



The Great Oil Swindle

How much did the Fed really know?

By Mike Whitney

The great oil crunch is another fabricated crisis; another "smoke and mirrors" fiasco; another Enron-type shell-game engineered by banksters and hedge fund managers. Once again, the bloody footprints can be traced right back to the front door of the Federal Reserve. Continue

Swiss bank tells unit staff to avoid US visits: UBS (NYSE:UBS) has told members of its former private banking team responsible for rich US clients not to travel to America.

Fed to make fresh batch of bank loans: The Federal Reserve announced Thursday that it will make a fresh batch of short-term cash loans available to squeezed banks as part of an ongoing effort to ease stressed credit markets.

America - Debts Unpayable, Financial System Bankrupt

Banks' Credit Crisis Fixes Echo 1929 Depression

US Staring At Double Dip Recession

'08 Muni Bond Defaults Already Triple All Of '07

How The Oil Crisis Has Shocked The World

Wall St Aided/Abetted Mtge Securities Fraud

Is Crude Oil A Bubble Ready To Burst?

Here's Some Home Price Drops By City

US Home Prices Still In Free Fall

The Fading Of The Mirage Economy

Fed Assets Running Dry?

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