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
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