Documenting America's decent into Fascism: More economic issues

GM NEEDS UP TO $30B IN AID TO AVOID FAILURE... CHRYSLER ASKS FOR $5B MORE... 400 banks in 47 states have received government aid... Developing... OBAMA MOVES TOWARD 'SWEDISH MODEL' FOR BANKSDow nears 10-year low... Russian stocks tumble, trading suspended... Texas billionaire accused of 'massive' fraud; offshore bank...UPDATE: CA ON THE BRINK... Lawmakers Face Lockdown in Capitol... Layoff proceedings begin...BOOM: WAL-MART's global sales break through $400B...

PUBLISHERS SEE RED, MAG AD PAGES DOWN 22%...

Trouble at Treasury:

Geithner gets the keys to the henhouse

By Mike Whitney

Geithner did us all a big favor on Tuesday by exposing himself as a stooge of the banking industry. Continue

High Noon: Geithner v. The American Oligarchs."

Bill Moyers interviews former chief economist of the International Monetary Fund (IMF)

Must watch / read video and transcript

"There comes a time in every economic crisis, or more specifically, in every struggle to recover from a crisis, when someone steps up to the podium to promise the policies that — they say — will deliver you back to growth. The person has political support, a strong track record, and every incentive to enter the history books. But one nagging question remains. Can this person, your new economic strategist, really break with the vested elites that got you into this much trouble?" Continue

The New Depression

By Martin Jacques

The business and political elite are flying blind. This is the mother of all economic crises. It has barely started and remains completely out of control. Continue

Ron Paul: On The Stimulus Bill

Video

Paul tells CNN viewers that only 5 hard copies of the bill were available for house of Congress members to read. He calls it business as usual. Continue

Nationalization by Autumn, Bank on It

By James Saft

Like it or not the United States will be forced to nationalize large swathes of its banking system by the time the leaves fall from the trees in Washington. Continue

Jobless Chinese stranded in Romania: Until recently Romania's economy had been enjoying a construction boom, but work on building sites has ground to a halt as a result of the global financial crisis.

Failure to save East Europe will lead to worldwide meltdown: The unfolding debt drama in Russia, Ukraine, and the EU states of Eastern Europe has reached acute danger point.

China is right to have doubts about who will buy all America's debt: Chinese doubts about the value of US Treasury bonds highlight a crucial question: who will buy the estimated $2.7 trillion (£1.9 trillion) to $4.2 trillion of debt expected to be issued over the next two years?

Kan. suspends income tax refunds, may miss payroll: Kansas has suspended income tax refunds and may not be able to pay employees on time, the state's budget director said Monday.

GM, Chrysler Push for More U.S. Aid After Mistakes : General Motors Corp. and Chrysler LLC, already relying on government aid to survive, take their case to the U.S. Treasury today that they can undo past mistakes and justify more U.S. aid to return to profit.

Homeless families face strict new rules: Less than two years after vowing to end homelessness in Massachusetts, the Patrick administration has proposed new regulations that it acknowledges could force hundreds of homeless families back on the street.

How The Crash Will Reshape America

Stocks Drop 298 On Econ, Auto Worries

Baby Boomers - Your Crisis Has Arrived

US/UK/Euro Banks Face End - Global Banking Insolvent

Eastern European Economies About To Explode

US Economy Destroying Wealth Of 3 Generations

FL Banker Gives $60M Of His Own To Employees

World Stocks Fall As Bailout Confidence Fades

Fed Banker Warns Of Deflation

Financier Charged With $9.2 Billion Fraud

Bankruptcy Possible For Automakers

Failed HBOS Chief Will Pocket $800,000 Pension