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Barclays, RBS in Talks on U.K. Government Funding
RBS and Barclays banks in the UK are thought to be the next to be in trouble, with shares in both banks plummeting today. It is thought that the UK government is going to take partial ownership in both banks."The U.K. government may invest at least 45 billion pounds ($79... Father kills family and himself, despondent over financial losses
In these unprecedented financial crisis unexpected is happening. A mother of all bail out to the tune of $700 billion to rescue the financial world. But impact of the crisis is already started happening. People have...401k plans at risk as Wall Street struggles
If you think that the financial crisis can't hit any harder, think again. While politicians debate on just how to bailout the financial sector, average Americans are watching their retirement savings turn to... When Watchdogs Snore: How ABC, CBS and NBC Ignored Fannie & Freddie
Our 'Fourth Estate' was Asleep at the Wheel!As of this Tuesday morning, the media has finally woke up. On Morning Joe, Joe Scarborough's MSNBC news program, reporters finally realize their role in providing the information the public needs to know. "By Rich Noyes September... 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... Honeybee deaths reaching crisis point
Honey bees are essential not for the honey that they provide us with but for the job they do in ensuring that fruit and vegetable crops are pollinated. In the UK the honeybee population is in crisis and noone... Lehman Brothers losses hit world stocks
The fourth largest US investment bank has done badly. A report says it has "a massive third-quarter loss of about $4 billion". In reaction to this credit crisis, it would be selling a "majority stake in its investment management unit and spin off commercial real estate... Katrina Pain Index: New Orleans Three Years Later
" Katrina hit New Orleans and the Gulf Coast three years ago this week. The president promised to do whatever it took to rebuild. But the nation is trying to fight wars in several countries and is dealing with economic crisis. The attention of the president wandered... Have the Government Bail Out New Orleans and Fannie and Freddie and...
There's a reason why I believe in economic freedom; free markets and free people. Read here and then I'll tell you why."New Orleans is still far from being able to withstand a 100-year storm -- in other words, a storm that has a 1% chance of happening next year, a 10% chance...Recession, Recession, Recession...Oh My!
" During more difficult economic times, it becomes necessary to allow your investments to take some dives. You should expect this. In times of recession, this can occur across the board and there may not be much that you can do about it. Instead of moving your stock... Merrill Lynch pays no corporation tax for the next 60 years, why?
Well they lived the business of selling sub-prime dept to investors.The giant american investment bank made losses of $29 bn in the sub-prime mortgage crisis scam. What are they doing now ? Business as usual selling... Russia's Medvedev halts military action in Georgia
"Russian President Dmitry Medvedev ordered a halt to military action in Georgia on Tuesday, after five days of air and land attacks that took Russian forces deep into its small U.S.-allied neighbor in the... Wealthy Struggle in US Credit Crisis
With news announced that American house prices have plunged by up to 15% in the subprime crisis, it has been revealed that America's wealthy are beginning to feel the pinch, struggling with their mortgages and credit card bills, with lenders tightening their lending... Who Is the San Francisco Hacker?
"San Francisco Department of Technology employee Terry Childs was in a jail cell Friday, accused of illegally locking out fellow authorized network administrators from the city computer network he helped build. But as the case against Childs entered its sixth day, questions... European Stockmarkets spooked by fresh credit crunch fears
London stock exchange opened with deep correction after the news of fresh credit crunch. Investors mood are turned sombre with similar news from other European exchanges. "Fears of fresh losses in the financial...
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