Until Every Stock Is 0, Naked Shorting Is Good

These Institutions, hedge funds and anal-ysts, that helped contribute to the looting of the world by naked short selling should be tried for treason.* * * *I heard a researcher say that nobody who has ever taken...

Stocks Fall in Asia after US Bailout Failure

Japan's Nikkei stock index fell almost 5% today in early trading, just hours after the US House of Representatives voted down the $700 billion Wall Street bailout plan and the DJI fell a record-breaking 777 points."It came after a day of turmoil in the US and Europe, with...

Osborne says he won't bail out bust UK bankers

The Conservative Party in the UK is havig their party conference today, and as could be expected they are focusing largely on the economy. The shadow chancellor George Osborne has said that the conservatives would not bail out any banks if they were in power. This is...

Poll on the economy: Americans gloomier, for now

"As people on Wall Street and Main Street hold their breath to see if a federal bailout of the nation's financial institutions will work, Americans are starting to speak — not whisper — the word "depression." In a sign that anxiety is growing, 33% of 1,011 adults surveyed...

FAIL: TPG loses 1.35 billion in WaMu investment

Think you've lost some money? Not even close. Private equity firm, TPG, lost $1.35 BILLION because they invested in Washington Mutual six months ago. If you've missed the news recently, WaMu just crashed, burned,...

McCain will attend Debate in Mississippi

Just heard on the cable money channel, CNBC, the Sen. John McCain will be attending the debate in Mississippi, even though no deal on the Bailout has been made yet.This should be interesting.Here's the whole...

Harper, Dion, Layton and May All Pushing Hard for Canadian National Election

Things aren't looking so hot for the Liberals, with the front page of the Globe and Mail stating a very interesting observation: very few liberals are talking about Stephane Dion becoming prime minister. Ouch, harsh."Not one, not a single serious Liberal is talking about...

Archbishops attack financial 'bank robbers' and profiteers

The Anglican's most senior clerics have angered bankers and other financial institution workers by labelling them 'bank robbers' and 'asset strippers'.Some think that they've gone too far and are talking Marxist...

Gallup Daily: Race Back to a Tie at 46% Each

Gallup Daily Tracking poll takes issue with the 8 percentage point spread related by other polls this week.  This poll was taken prior to John McCain suspending his campaign.  It shows a tie between Obama and McCain."PRINCETON, NJ -- John McCain has gained ground...

Ed McMahon turns gangsta rapper

There may be No Country For Old Men, but Ed McMahon has a new rap.Having grown up watching the famous sidekick of Johnny Carson for most of my life, I have to admit I'm very happy for the ole guy that he's finally getting out of his slump even at 85 years old. I have...

Chinese Threaten to Cripple US Banking System

Anyone who has been paying attention to the US economy has known that 3 countries control the fate the American financial system:  Russia, China and Saudi Arabia.  They have been bankrolling America's...

America Must Rescue the Bonuses at Goldman Sachs

"America Must Rescue the Bonuses at Goldman Sachs: Michael Lewis Commentary by Michael Lewis Sept. 24 (Bloomberg) -- Anyone who caught even a sliver of yesterday's hearings in the U.S. Senate on the proposed Treasury bailout of the mortgage-backed securities market knows that...

McCain Suspends Campaign, Obama Will be at Debates

Democratic Senator Barack Obama has stated that he wants the debates to continue, while Republican Senator John McCain announced the suspension of his campaign. Less than a day after a New York Times article came...

The Case Of The “Disappeared” Minority Subprime Borrower

Minorities, the target of Subprime Loans, are now the major losers. A disaster that effects us all. See the report: "Foreclosed: State of the Dream 2008 – examines the racial bias of the subprime mortgage lending crisis, and the resulting huge wealth loss to people of color...

Bush, candidates, lawmakers to meet on rescue plan - Yahoo! News

"President Bush summoned Barack Obama, John McCain and legislative leaders to an extraordinary White House summit, warning Americans and Congress on Wednesday night that failing to act on a $700 billion financial industry bailout could lead to "a long and painful...

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