CHINA TO THE RESCUE?
Emergency meeting...
US Bailout of Mortgage Giants Sets Stage for Wider Financial Crisis
By Barry Grey
On Tuesday, the Congressional Budget Office (CBO) declared that as a result of the government bailout, the finances of Fannie Mae and Freddie Mac had to be “directly incorporated into the federal budget,” and its liabilities added to the US national debt. This means, in effect, a near doubling of the US sovereign debt to a figure equivalent to the country’s gross domestic product (GDP). Continue
'Tens of thousands to be laid off every week' as UK falls into recession: Tens of thousands of people could be laid off every week in the run-up to Christmas as the UK economy falls into recession, David Blanchflower of the Bank of England's monetary policy committee warned today.
U.S. Foreclosures Hit Record in August as Housing Prices Fell: Owners of 303,879 properties, or one in 416 U.S. households, got a default notice, were warned of a pending auction or foreclosed on last month. That was the most since reporting began in January 2005.
U.S. retail sales fell in August: The Commerce Department said sales fell at electronics and appliance stores, clothing shops, building and garden stores, and department stores. Gasoline sales also dipped as prices retreated. Sales at furniture and home furnishing stores were flat.
WaMu, Lehman Shares In Race To Bottom
Bailouts Will Push US Into Depression
Feds Arrange Sale Of Lehman Corpse
Fannie/Freddie $5T Debt Into Fed Budget?
50% Of BofA's Builder Loans 'Troubled'
Lehman Rescue Plan And $3.9B Record Loss
'Tens Of Thousands To Be Laid Off Every Week' - BoE
UAL Shares Fall 75% After Google Posts Old BK Story
Fitts - US Problem Is Not Economic, It's Political
Lehman Brothers Worth A Big Fat ZERO?
Fannie, Freddie Bailout Doomed
OPEC Cuts Output To Keep Oil Above $100
No comments:
Post a Comment