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...
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...
created by Terri Potratz | 4 years ago | updated 4 years ago 197 views | 26 recommendations | 10 comments
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...
"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...
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,...
created by Jason Sanders | 4 years ago | updated 4 years ago 342 views | 0 recommendations | 0 comments
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...
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...
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...
created by Paul Conneally | 4 years ago | updated 4 years ago 125 views | 2 recommendations | 0 comments
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...
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...
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...
created by mtippett | 4 years ago | updated 4 years ago 912 views | 24 recommendations | 7 comments
"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...
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...
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...
"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...
created by nirajan | 4 years ago 191 views | 0 recommendations | 0 comments