Fed Refuses to Release Bank Lending Data, Insists on Secrecy...
'SUBSTANTIAL DOUBT'
House to vote on bankruptcy mortgage rewrites...
More Than 8 Million Holders Under Water...
Geithner attacks oil, gas companies for 'global warming'...
Warns of Deeper Slump; Seeks Backing for Bank Rescue...
UPDATE: Swiss bank exec criticizes US effort to get account data...
UBS defies demands...
Europe's banks face a $2 trillion dollar shortage...
When Securitization Blew Up; So Did the Economy
By Mike Whitney
One thing is certain, this isn't a normal recession. In a normal recession aggregate demand declines, economic activity slows, and GDP shrinks. While those things are taking place now, the reasons are quite different. The present slump wasn't brought on by a downturn in the business cycle or a mismatch in supply and demand. It was caused by a meltdown in the credit system's central core. Continue
Corruption-US:
How Wall Street Paid For Its Own Funeral
By Marina Litvinsky
The 231-page report, "Sold Out: How Wall Street and Washington Betrayed America," shows that the financial sector invested more than 5 billion dollars on purchasing political influence in Washington over the past decade, with as many as 3,000 lobbyists winning deregulation and other policy decisions that led directly to the current financial collapse. Continue
Take the Money and Run
By Ernest Partridge
A bank robber does not gain legal possession of his loot. Neither should today's "robber barons," notwithstanding the fact that the theft was accomplished under the guise of quasi-legality. The loot can be recovered legally, if the public demands it and the Congress responds accordingly, through the enactment and enforcement of appropriate legislation. Continue
Bair Says Insurance Fund Could Be Insolvent This Year: Federal Deposit Insurance Corp. Chairman Sheila Bair said the fund it uses to protect customer deposits at U.S. banks could dry up amid a surge in bank failures, as she responded to an industry outcry against new fees approved by the agency.
As Markets Slump, U.S. Tries to Halt Cycle of Fear: Top Officials Push to Inspire Confidence in Crisis Response By Emphasizing the Long-Run
Prison Spending Outpaces All but Medicaid: One in every 31 adults, or 7.3 million Americans, is in prison, on parole or probation, at a cost to the states of $47 billion in 2008, according to a new study.
Report: 1 in 5 Mortgages Are Underwater: In Nevada, more than half of all mortgage borrowers are upside down
Who You Calling Socialist?: "We are all socialists now," proclaims Newsweek. We are creating "socialist republics" in the United States, says Mike Huckabee, adding, on reflection, that "Lenin and Stalin would love this stuff." We are witnessing the Obama-era phenomenon of "European socialism transplanted to Washington," says Newt Gingrich.
8.3 Million US Mortgages Upside Down
47,000 Americans Hiding Assets In UBS
GM Europe - 300,000 Jobs At Risk
German Bankers To Sue Over Bonuses?
Record German Sales With Cash Back Scheme
Australian GDP Shrinks First Time In 8 Yrs
World Bank $2B Loan To Indonesia
China Container Shipments To N America Stalled
Bernanke - More Bailouts For US Banks
Bernanke - Deficit Is The Price Of Growth
Bernanke Anger Over AIG Bailout
Treasury Warns Of Dire State Of US Economy
Arnold Calls For End Of Whining About Crisis
AIG Still Facing Huge Credit Losses
Obama Backs UK On Crisis Co-ordination
Brown Warns US Over Protectionism
Hand People Cash, Not Banksters
Been To A Pawnbroker? You Will Soon...
Madoff Called 'Cold-Hearted Control Freak'
Antigua To Take Stanford's Idyllic Island
Ex-RBS Chief To Ride Out Pension Storm Abroad
Bernanke - AIG Operated Like A Hedge Fund
Obama's 'Jewish Inspired' Stimulus Will Not Work
No comments:
Post a Comment