Tuesday, November 25, 2008

More economic issues

Fed steps in to save CITI...
Prince Alwaleed: 'Full Confidence'...
Bush defends rescue...
FEAR: Other banks will expect similar aid...
Mounting cost not a worry -- now...
How Many CITI Shares Will Buy a Thanksgiving Turkey?


Stocks Post Biggest Two-Day Rally in 20 Years...


Iceland boiling mad at credit crunch; Near-riot, parliament besieged...

London, Midtown Manhattan, Tokyo Office Rents Post First Drop Since 2002...

Congress Will Send Stimulus Bill 'on Inauguration Day'...

Another $700 billion?

...tax hike for the rich may be delayed

7.7 Trillion Dollars And Counting

The Cost Of "Rescuing" The US Financial System

By Hamilton Nolan

US government has pledged more than $7.7 trillion of our tax dollars to "rescue" the financial system. How much is 7.7 trillion? Continue

You Ain't Seen Nothing Yet

"The problems we face today cannot be solved by the minds that created them" Albert Einstein

By Mike Whitney

It is vital to realize that markets are never under some obligation to stop falling merely because they have already fallen by an ungodly amount. It also is vital to explore how bad the worst-case scenario can get and to think about how you would respond if it comes to pass. Continue

Citibank Flips The Bird To American Taxpayers

By The New York Crank

Last week, while Congress was engineering a bailout package of the taxpayers’ money to rescue Citibank and save the economy, Citibank was sending out notices to its cardholders of a new and usurious policy — a policy that could drown consumers and help sink the economy. Continue

Citizens’ Economic Stimulus Plan

Stop Paying Credit Card Debt

By Richard C. Cook

Almost nothing has been done to help the consumers within the producing economy who have lost trillions of dollars in the stock market crash, seen the value of their homes fall in many cases below what they owe on their mortgages, and lost jobs or health benefits through the escalating recession. Continue

Obama may delay tax-cut rollback for wealthy: - President-elect Barack Obama may consider delaying a campaign promise - to roll back tax cuts on high-income Americans - as part of his economic recovery strategy, two aides said on Sunday.

Citigroup Gets U.S. Rescue From Losses, Cash Infusion : The $20 billion of new cash comes on top of a $25 billion infusion the bank received last month under the Troubled Asset Relief Program, passed by Congress to shore up the financial industry.

All US Financials Will be Nationalized in a Year: Manager: It's not preferable, but all major U.S. financial companies will eventually be under government control because the alternative is so much worse, Hugh Hendry, chief investment officer at hedge fund Eclectica Asset Management, said Friday.

US October home price drop is new record: Today’s figures compare with the 4.86 million level reached in June, the lowest in a decade and 33 percent below the record reached in September 2005. Resales have fluctuated around a 4.96 million rate this year.

FED Rescues Citi w/$20B - But Citi Is $2T Exposed!

Dow Up 400 After Citi Bailout News

Citizens' Stimulus Plan - Stop Paying CC Debt

Citigroup Bailout Agreement Reached

Citibank Eight Months Later

Iceland Boiling Mad At Credit Crunch

UK Banks Need $220B MORE For Lending

UK Biggest Growth Forecast Cut Ever

UK 45% Tax On Rich To Fund Bailout

You Can Print Money - But Not Confidence

NWO As Financial Matrix Self Destructs

Brown BKs UK To Win 2009 Election

Precious Metals Price Discovery

Insider Admits PPT Manipulates Stock Market

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