HALT: NASDAQ, S&P 500, DOW FUTURES DOWN BY DAILY LIMIT; DROPPING MORE THAN 6%...
EUROPE INDICES...
THE FEAR
V O L A T I L I T Y
'I made a mistake,' admits Greenspan...
'Found a Flaw'...
Banks borrow record amount from Fed...
Wall Street's 'Disaster Capitalism for Dummies'
14 reasons Main Street loses big while Wall Street sabotages democracy
By Paul B. Farrell
Yes, we're dummies. You. Me. All 300 million of us. Clueless. We should be ashamed. We're obsessed about the slogans and rituals of "democracy," distracted by the campaign, polls, debates, rhetoric, half-truths and outright lies. McCain? Obama? Sorry to pop your bubble folks, but it no longer matters who's president. Continue
Maybe U.S. Needs Yard Sale
By Eric Margolis
Russia could buy back Alaska or perhaps Canada could pick up sunny Florida. Continue
Arms For The Poor
By Jeff Huber
Those poor kids at the Pentagon. They receive more funding than the rest of the world's military establishments combined, but it's just not enough. Pentagon officials have prepared a new defense spending estimate—one they plan to spring on us just before young Mr. Bush exits stage right—that projects a requirement for $450 billion more over the next five years than previously announced. Continue
Wachovia reports $23.9 billion loss: Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, a record quarterly deficit for a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co faces when it acquires the big lender.
Yahoo firing 1,500 workers; 3Q profit falls 64 pct (AP): Yahoo Inc. will fire at least 1,500 workers to cope with a crumbling economy that dented its third-quarter profit and turned up the heat on the slumping Internet company's management as investors stew over a missed opportunity to sell to Microsoft Corp. for $47.5 billion.
Monthly job losses up across 41 states: More than 80% of states reported jobs disappearing in September, with Michigan suffering the highest losses, according to a government report.
"Under water" mortgages are growing threat to U.S.: - Long before she filed for bankruptcy, Ann Neukomm was "under water" -- she owed more on her mortgage than her house was worth -- a situation more and more Americans are finding themselves in.
Fewer prescriptions filled as economy worsens: The tumbling economy may be making Americans queasy, but they're apparently so worried about their pocketbooks that they're skipping their meds.
California Foreclosures Soar By 228%
Asian Stocks Crash - Bush Calls Summit
Regulators Admit They Made Fateful Mistakes
Greenspan - 'Shocked Over Credit Tsunami' - Vid
Greenspan In 'Shocked Disbelief' - Admits Errors
Dollar Roars Back As Global Debts Called
UK In Massive Sterling Sell-Off
Global Bank Lending Sinks To 30 Yr Low
US Spends Trillions On Corrupt Banking System
Demand For Gold Soars As Price Tumbles
Credit Suisse Reports £670M Loss
Stocks Battered...Down 514 - Oil Slumps
Pakistan Applies For IMF Bailout
Truth Seeps Into Mainstream Media
Fed To Pump $540B More Liquidity
Fed Tries To Prevent 'Great Depression II'
Debt Slavery Is Real Reason Behind The 'Bailout'
When Inflation Erupts, Gold Will Take Off
Pound Tumbles As BoE Admits Recession
More Euro Banks May Fail Says IMF
Central Banks Scramble To Buy Dollars
No China Cash Bailout For Pak - Next Stop IMF
Kerkorian Dumps 2/3 Of Ford Stock
Putin - Russia Well Prepared To Survive Crisis
Dreamer Bush Says Economic 'Panic' Easing
Markets Soar As LIBOR Starts To Fall
Bernanke Wants Second 'Stimulus' Package
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