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Paulson Signals U.S. May Invest in Banks to Shore Up Confidence
Following yesterday's announcement that the UK will start investing in banks to shore up consumer and bank confidence, the US appears to be set to do the same thing. Part of the motivation behind this is, rather...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...Bush, a Georgie come lately, as always
Have you noticed over the last 8 yrs, that Bush is always a day late and a dollar short......on brains and action?"Bush: 'We must act now'Bush, Paulson outline powerful steps targeting troubled mortgage-related assets weighing down the finance industry. Plan could cost...Mainstream media starting to understand depth of US financial crisis
The ominous predictions of Nouriel Roubini are now being picked up by the mainstream media. This from Roubini's blog: "Nouriel Roubini | Mar 11, 2008 In his Wednesday Financial Times' column Martin...
Morgan Stanley bailed out by Beijing after $9bn write-off
More bad news for the economy and the banking sector as the slide continues."Morgan Stanley yesterday became the latest bank to announce a bailout from a foreign government as the Wall Street firm reported the first quarterly loss in its 73-year history after taking...
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