Friday, July 18, 2008

More Dollar issues

Status Report on the Collapse of the U.S. Economy

By Richard C. Cook

The financial system, including mortgage giants Fannie Mae and Freddie Mac, is bankrupt, as the debts it is based on cannot be repaid. Continue

U.S. `Misery Index' Climbs to 15-Year High on Prices : The jump in consumer prices reported today by the Labor Department means the so-called Misery Index, the sum of the unemployment and inflation rates, is the highest since President Bill Clinton took office in January 1993.

Banks reportedly not taking IndyMac checks: Finally able to withdraw their money, customers can’t open new accounts

Fannie, Freddie spent $200M to buy influence: If you want to know how Fannie Mae and Freddie Mac have survived scandal and crisis, consider this: Over the past decade, they have spent nearly $200 million on lobbying and campaign contributions.

JPMorgan - 'We're Very Early In The Loss Curve'

EU Recession Looms As Spain Crumbles

Spain Faces Worst Economic Crisis In History

BoE Chief Sees Rocky Ride Ahead

US Consumers Squeezed By 'Intense' Inflation

Merrill Lynch To Reveal Another Big Loss

UK Unemployment At 16 Year High

US Bank Crisis Costs UK $60B Share Loss

It's Worse Than We Feared, More Pain Ahead

Spain's Largest Property Developer Collapses

US Faces Global Funding Crisis

Parasitic Bankers Wreck Capitalism, Loot America

Savings Fears Trigger Consumer Panic In US

Tax Payers Fund Bank Losses To Save Bond Market

Bernanke Delivers 'Hogwash' Testimony To Congress

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