Bush wants OK to spend $700B
• CNNThe legislative proposal - the centerpiece of what would be the most sweeping economic intervention by the government since the Great Depression - was sent by the White House overnight to lawmakers.
Contents Pages by Subject
Economy - Economics USA
Financial firms can now raid your brokerage account as they go BK
• financialsense.comThis represents unauthorized loans of your stock account assets. So next, if the conglomerate fails, your stock account is part of the bankruptcy process.
Historic Market Bailout Set in Motion
• Washington PostThe Bush administration proposed a historic $500 billion bailout of financial firms that would let the government rather than the cold judgment of the marketplace decide the winners and losers from the crisis that has shaken the US economy for the pa
S&P's U.S. "AAA" rating in strong danger of being downgraded
• ReutersPressure is building on the pristine "AAA" rating of the USA after a federal bailout of American International Group, the chairman of Standard & Poor's sovereign ratings committee said. The $85 billion bailout by the U.S. Federal Reserv
Massive Government Intervention Will Make the Crisis WORSE
• PonderThisBelow is the 5 year chart of Wells Fargo. Note that we are in the biggest banking crisis in 20 years, on a very conservative basis. Every bank is in some degree of danger regardless of their relative strength. Note that Wells Fargo reached a then all
Liquidate the Empire<br>by Marcel Votlucka
• Strike-the-RootWhat should you do when your good friend parties too hard one night, downs more alcohol than is thought humanly possible, generally makes a reckless ass of himself in his inebriation, and wakes up the following morning with a hellish hangover and con
Congressional Leaders Stunned by Warnings
• NewYorkTimes.comIt was a room full of people who rarely hold their tongues. But as the Fed chairman, Ben S. Bernanke, laid out the potentially devastating ramifications of the financial crisis before congressional leaders on Thursday night, there was a stunned silen
Nationalization: Romania, the USA, Financial Panic and Politics
• Babba ZeeHow do John McCain, Barack Obama, US Army PsyOps, the past week’s financial panic, the banks and Romanian flute player, Gheorghe Zamfir, all fit together? Read on to find out: "Waiter, there a banker in my soup".
SEC bans short-selling of 799 financial stocks
• AP[beginning of the end] The Securities and Exchange Commission today announced a two-week ban on short selling of the stocks of 799 financial companies as federal officials continued ramping up efforts to stabilize the global financial system.
China Blames Wall Street Meltdown On Fed Overissuance Of Currency
• www.prisonplanet.comChina’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency - which the Chinese say is part of a wider agenda to jus
'The World As We Know It Is Going Down'
• www.spiegel.dePanic is the word of the hour on Wall Street. Now even Morgan Stanley is fighting for survival. The commercial bank Wachovia and China's Bank Citic are being discussed as possible rescuers. The crisis has led President Bush to cancel a trip.
Financial bailout to be worked out this weekend
• bizjournals.comTreasury Secretary Henry Paulson and congressional leaders will work on legislation this weekend that would enable the federal government to buy hundreds of billions of dollars' worth of troubled loans.
Economic Meltdown: Don’t Say We Weren’t Forewarned
• TruthDig.comHas the war on terrorism become the modern equivalent of the Roman Circus, drawing the people’s attention away from the failures of those who rule them? Corporate America is a shambles...
Gerald Celente: Trend Alert - Economic 911 - Depression Next
• Rense.com"And the failures will extend beyond the financial sector," he predicted. "In the coming weeks, months and years, we'll see a steady stream of banks, giant retailers, consumer product companies, manufacturers, leveraged buyout firm
President Bush Discusses Economy - (Speech VIDEO 09-19-2008 Rose Garden)
• Whitehouse.gov"Our system of free enterprise rests on the conviction that the federal government should interfere in the marketplace only when necessary." (America: From Freedom to Fascism... it will be argued that today was the day)
Bush: 'We must act now'
• CNNBush, Paulson outline powerful steps targeting troubled mortgage-related assets weighing down the finance industry. Plan could cost hundreds of billions.
California Unemployment Rate Hits 7.7%
• CalculatedRisk.blogspot.comThe recession in California is getting worse, and rising unemployment will negatively impact the economy and the housing market, leading to lower house prices and more foreclosures - and probably more layoffs. A vicious cycle ...
Jim Cramer: Black Monday Could Have Been "Financial Terrorism"
• PropagandaMatrix.comCNBC host Jim Cramer says that financial terrorism could have been behind Monday's stock market crash as part of a conspiracy to "bring down capitalism," as the SEC this morning announced a ban on short-selling in an effort to fight mar
What's Behind the Financial Market Crisis?<br>by Antony Mueller
• Ludwig von Mises InstituteThe financial crisis is not over. Neither tax rebates nor low interest rates nor higher or lower exchange rates can do the job of reviving an economy that is burdened by debt loads that are too high. On the contrary: the policy measures the US author
Ron Paul gets one of his best interviews by Glen Beck today
• YoutubeThis is what the r3VOLution worked for...Ron Paul's credibility. The economy is collapsing. Journalists/ Talk Show hists are watching their portfolios tank. And they are going to the guy who took crap for telling the truth.
Ron Paul on MSNBC discussing Economic Shenanigans
• MSNBC YouTube
Ron Paul saw this financial mess coming
• www.minnpost.comIt's not like there wasn't anybody who saw the economic woes of the week on the horizon.
Vicente Fox tells American auto workers to "get over it"
• Daily NewscasterToday on Fox News 2 Detroit, Vicente Fox former president of Mexico expressed his desire for a North American Union (U.S., Canada, and Mexico) with no borders, a new communist style constitution and a new currency called the Amero.
The Next Bailout: Detroit
• NewsweekDo the big three automakers deserve $25 billion in federal aid?
Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury
• Bloomberg.com...they would rather wait until next year unless Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben S. Bernanke, who are leading efforts to contain the crisis, call for help.
"Are we there yet?" Not even close! The worst is yet to come...
• MarketWatchIf it's like the Depression experience -- and it sure is shaping up that way -- it could take several years. Maybe we won't see a bottom in home prices until 2014," he said. 'No market for old men,' TCW investment strategist warn
New GOP 'Capitalism': Privatize Profits, Socialize Losses
• BradBlog.com"Last week we argued that, with the nationalization of Fannie and Freddie, comrades Bush, Paulson and Bernanke had started transforming the USA into the USSRA (United Socialist State Republic of America)
Let the bank runs begin! [Updated]
• August ReviewThe implications of AIG being taken over by the US is staggering. It makes the Fannie Mae and Freddie Mac takeovers look like peanuts. AIG insures trillions of dollars of debt and questionable assets all over the world. As more companies and mortg
Putnam Investments Closes $12B Money-Market Fund
• Washington PostPutnam Investments has closed a $12.3 billion money-market fund to limit losses to its investors, the large mutual fund company said today. The highly unusual announcement is the latest sign that tremendous financial pressures are now threatening
Next step in economic crisis: a giant resale agency?
• Christian Science Monitor(What???... you didn't think that this wasn't already planned for did 'ya?)
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