Monday, July 21, 2008

More Dollar issues

Oil Rises From Six-Week Low as Storm Nears Mexico, Iran Tensions Simmer...
NOT OURS! STARBUCKS Gets Pleas Not to Close Stores...
BUST: Lake Las Vegas Owners Place Resort in Bankruptcy...

Bank of China may hold huge US debt: Bank of China Ltd may own about $20 billion of debt issued by Fannie Mae and Freddie Mac, representing two-thirds of total holdings among the six largest Chinese banks, according to CLSA Ltd.

Commercial bankruptcies soar, reflecting widening economic woes: Driven by a sour economy and skittish consumers, U.S. business bankruptcies saw their sharpest quarterly rise in two years, jumping 17 percent in the second quarter of 2008, according to an analysis by McClatchy.

N.H. will accept free oil from Chavez after all: Two years ago, New Hampshire refused to accept heating oil from Venezuelan President Hugo Chavez, the pro-Castro U.S. critic who once called President Bush "the devil." But with fuel prices rising, well, free oil is free oil.

'Massive potential' for global 'financial meltdown': Confidence falls in U.S. authorities' ability to ease financial panic

Fed Asks For Blank Check For Fannie, Freddie

UK Economy Heads For 'Horror Movie'

Recession Next Year - Things Will Only Get Worse

Global Financial Crisis Worst Since Great Depression

At Freddie Failure Pays Big - $20M To CEO

Freddie, Fannie Problems Just A 'Perception' Issue

US Financial Break Point Soon

Swan Song For Fanny Mae

Business Bankruptcies Skyrocket

Taxpayer Can Bear No More Admits UK Govt

UK House Prices To Drop 20% In Two Years

George Soros Buying Gold

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