Wednesday, November 19, 2008

More economic issues

BIG 3 WARN OF 'CATASTROPHE'
BUDGET HELL: NYC PREPARING 'DOOMSDAY SCENARIO' FOR TRANSIT CUTS; SUBWAY LINES CLOSED...


PAULSON OPPOSES BAILOUT AID TO HOMEOWNERS, AUTOMAKERS...

DEFENDS ACTIONS...

Clashes With Congress...

Financial Crisis Tab Already In The Trillions

By CNBC.com |

CNBC, has been keeping a running tally of actual spending as well as the commitments involved. Try $4.28 trillion dollars. That's $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources. Continue

Ecuador auditor urges debt default: The official overseeing an audit of Ecuador's foreign debt said his committee found evidence of abuses and irregularities tied to almost all of the country's bonds and will recommend a default on $10.3 billion in national debt.

Lawmakers, Treasury lock horns on foreclosures: The U.S. Treasury Secretary and members of Congress locked horns on Tuesday over a $700 billion financial bailout fund, with lawmakers demanding money to stem foreclosures and Henry Paulson arguing it was meant for investing in financial companies.

Depression 2009: What would it look like?: By looking at what we know about how society and commerce would slow down, and how people respond, it's possible to envision what we might face.




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