The ultimate cost is anybody’s guess. I believe that the price tag will be higher than just about anyone imagines. Paulson’s Bazooka will be locked and loaded with enough fire power to blow what’s left of our economy into the dustbin of history.
This is an unprecedented event and means that the cost of bailing out the US financial system is now far beyond the highest estimates. A US recession is now locked in, but more alarmingly, 55 per cent loan losses point to the possibility of a depress
Burton S. Blumert and Lew Rockwell (MP3 Audio)
This video explains what our leaders have done to the free market.
The SEC’s Cox who said late yesterday he wanted to incorporate the new SEC short selling rules across THE ENTIRE MARKET. What this tells me, however, is that the US equities market sit in a much more precarious position than most can imagine.
The latest RealtyTrac foreclosure data is out, and it is rather astonishing: Almost 740,000 properties were in some stage of the foreclosure process
[Saturday?! You can't even get them to work on Friday!] The U.S. Senate plans to consider the housing taxpayer bailout designed to shore up the wallets of wealthy investors in the mismanaged government Fannie Mae and Freddie Mac and
One strategy: convince Republicans to abandon this winning line of attack before they’ve even given it a try, by seeding the public discourse from “objective” sources that the public has “soured” on the notion that free markets are a good thing
It came to our attention today, that the world's largest producer of storable foods, Mountain House, is currently out of stock of ALL #10 cans of freeze dried foods, not just the Turkey Tetrazzini (pictured right). They will NOT have product now
A Wall Street Journal columnist has advised people to "start stockpiling food" and an ABC News Report says "there are worrying signs appearing in the United States where some … locals are beginning to hoard supplies." Now there
San Diego and San Francisco, CA are expected to experience home price declines by as much as 47 percent and 33 percent over the next five years, while home prices in MSAs such as San Antonio, TX are expected to appreciate by 7 percent,” Somerville sa
Jul 24 - A raft of economic indicators and surveys show business and consumer confidence hitting new depths. Euro zone business confidence taking bigger hit than expected
The company identified only three of the European small vehicles it will bring to North America: the Transit Connect small van, the European Focus and the subcompact Fiesta
But no matter how bad it gets, the media will still bang-out its "Sunny Jim" market-forecasts while reiterating every mangled phrase and muddled thought from our alcohol-addled Dear Leader.
Dr Mitchell, 77, said during a radio interview that sources at the space agency who had had contact with aliens described the beings as 'little people who look strange to us.'
"The Mother of All Bailouts" Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt. Also, ALL credit card transactions must now be reported to the IRS.
The United States faced increasing inflationary pressures in recent weeks amid slowing economic growth, the Federal Reserve said on Wednesday, as it described conditions in some areas as "grim," "morose" or "bleak."
[Another government corporation in need of a taxpayer bailout.] Continued deterioration in the credit markets has investors shying away from purchasing all but the safest type of debt. As loans have increasingly defaulted over the past year—beginning
[Insuring wider price fluctuations and shortages pressuring prices up.] Congress may outlaw elements of oil futures trading that lawmakers found distorted demand and contributed to the 69 percent surge in prices in the past year.
[Just in time for the elections...shazaam!] Finally, there's some good news about gas prices. They've dropped nationwide by about a nickel, and as CBS 2's Susan Carlson reports, analysts are predicting even bigger drops through the rest o
Rescue legislation sailed through the House aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing.
(Does the Swiss Franc 10 year Gold chart compared to the US$ 10 year chart show some interesting information on the decline of the US$ in comparison... this was the closest I could get. All Currencies listed,... but the Swiss Franc ???)
Mr. Bush had voiced objections to a $3.9 billion provision that would give grants for local governments to purchase and refurbish foreclosed properties — a provision that the White House regards as a bailout.
All over the country, neighborhoods are being marked-to-market overnight due to shadow inventory being dumped that was never shown as part of the listed housing stock in the first place.
Is it any wonder that Citigroup is desperate to dump $500 billion in assets? The saving grace for Citigroup is that it has assets to dump. The big question is ho much those assets will fetch. I believe it will be far less that Citigroup thinks.
George Green on the Economy (President Bush has agreed to the audit,... after he is out of office - Note: the Federal Reserve is immune from a US Gov't Audit) - The Bank of International Settlements is "THE BANK" that conspiracy advocat
Washington Mutual Inc, the largest U.S. savings and loan, posted a $3.33 billion second-quarter loss on Tuesday as souring mortgages forced it to set aside more money for loan losses.
General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business.
In the words of the notorious 19th century speculator Daniel Drew: "He who sells what isn't his'n must buy it back or go to pris'n."
Does the FDIC insure safe deposit boxes if a bank fails? - No. In the event of a bank failure, the FDIC usually arranges for an acquiring bank to take over the failed bank's offices, including locations with safe deposit boxes.