Paulson 'actively' eyes bank investment
• CNNMoney.comWhite House confirms that Treasury looking at buying stakes in nation's banks.
Contents Pages by Subject
Economy - Economics USA
Fear Trumps Greed as Market Woes Paralyze Economies
• BloombergGreed and fear are the emotions that rule markets. Fear is winning. They aren't buying stocks, and more importantly, suddenly afraid they won't be repaid, they aren't making loans by buying bonds. Banks have also tightened credit.
Wall Street Rescue May Be Worst Legislation Ever
• Ron Smith for LewRockwell.comIt provides welfare for the mega-rich from the ordinary taxpayer. ...the little people – didn't understand it and were too stupid to applaud forking over hundreds of billions of dollars to their betters in just the manner being prescribed.
The Problem With Fiat Money
• LewRockwell.comLew Rockwell interviews Jörg Guido Hülsmann
Hayek on the Business Cycle
• Joseph T. Salerno for LewRockwell.comThese seven works taken together represent the first integration and systematic elaboration of the Austrian theories of money, capital, business cycles, and comparative monetary institutions, which constitute the essential core of Austrian macroecono
U.S. To Take Ownership Stake in Banks
• NY TimesHaving tried without success to unlock frozen credit markets, the Treasury Department is considering taking ownership stakes in many United States banks to try to restore confidence in the financial system, according to government officials.
Buy Commodities!
Ernest HancockJust makes sense
AIG Gets Billions More To Borrow
• ForbesAmerican International Group has blown through the $85.0 billion it borrowed from the United States government last month and is getting an additional $37.8 billion line of credit from the Fed as it seeks to shrink itself into profitability.
Frank Luntz, Ron Paul’s message transcends politics
• Daily NewscasterAmericans are tired of the ideology and partisanship of Washington says Luntz neither Barack Obama or John McCain are doing a good job addressing the economy. When Ron Paul talks he gets it perfect.
Man Threatened Bank Over Financial Losses
• FOX NewsCops say the Wall Street crisis has had a disturbing affect on one disgruntled investor. Police charged a 60-year-old man with threatening to blow up a bank branch. He was angry about his investment losses, so he said he would kill everyone inside.
Interest rate slash frenzy won't save the day
• UPIWASHINGTON, Oct. 8 (UPI) -- This is more than a global financial meltdown: Other major nations around the world this week are following U.S. President George W. Bush's lead in effectively dismantling the very structures of free-market capitalism.
Chicago's Cook County Sheriff won't evict in foreclosures
• Associated PressDart said that from now on, banks will have to present his office with a court affidavit that proves the home's occupant is either the owner or has been properly notified of the foreclosure proceedings.
You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago
• Alex Jones' Prison PlanetThe global economic crisis and the centralization of power that would be implemented under the pretext of fixing it were predicted by this website as well as regular guests who appeared on The Alex Jones Show for the past three years-plus.
Central Banks Coordinate Global Cut in Interest Rates
• New York TimesThe action failed to calm gyrating markets, however, amid the growing realization that a serious and prolonged recession may be difficult to avoid.
Time Is Up Congress - And America
• Market-Ticker.denninger.netIn The Depression millions of automobiles will be scrapped after being abandoned by their owners for lack of insurance and registration fee money. Cheap scooters will become the dominant form of transportation for those with jobs, as they will be al
With bailout, socialists say Bush is now 'a fellow traveler'
• McClatchy NewsThey don't call him President Bush in Venezuela anymore. Now he's known as "Comrade." With the Bush administration resorting to government bailout after government bailout to keep the US economy afloat, leftist governments and their
The USA and World Economy - The important stories
• FreedomsPhoenixEvery day for over 3 years FreedomsPhoenix has covered the economy. Over 2300 of the the most informative headlines are available for your crash course to understand exactly what happened and why. So you can make informed decisions.
National Debt Too Big for National Debt Clock to Handle
• gothamist.comIt's passed $10 trillion, and the Durst Organization will have to add another a spot for a 14th digit—while they're at it, they may as well make room for a 15th and 16th digit
I.M.F. Calls for Aggressive Response to Crisis
• New York TimesThe fund urged governments to make direct capital injections into banks, as well as to buy distressed assets, which the Bush administration plans to do in its $700 billion rescue program.
George Ure: The man who predicted the "Global Economic Meltdown" a year ago
• CoastToCoastAm.com/showsBeginning on October 7, 2008 and running through March 2009, they foresee a calamitous period on an epic scale. America will be beset by a variety of problems, which they broke down as 45-48% related to the economy, 40% concerning the military...
World bankers cut rates - conspire against the US dollar
• Daily NewscasterWith precision world banks cut lending rates by .5% this morning citing the worst crisis since the Great Depression. Latest move by world banking cartel to cause hyperinflation.
Markets Plunge Again Despite Hint of Rate Cut
• NY TimesThe Dow Jones industrial average plunged 508 points, or 5.1 percent, extending a slide of months that has erased a third of its value in a year. In the last five trading days alone, the Dow has lost 1,400 points.
Lehman CEO Punched at Gym
• Rawstory“Frankly, I sat there and listened and I’m with the guy who apparently went over to him in the gym and punched him because that’s how I feel when I, you know, when I watched that,” . . . .
Rep. Brad Sherman Martial Law
• www.youtube.comRep. Brad Sherman says Congress threatened with Martial Law if BAILOUT bill is not passed
Retirement accounts have lost $2 trillion so far
• Washington PostAmericans' retirement plans have lost as much as $2 trillion in the past 15 months - about 20% of their value - Congress' top budget analyst estimated as lawmakers began investigating how turmoil in the financial industry is whittling away wo
Vote for Bail out, get a mouth full, Giffords sells out Arizona
• Youtubethis person voted for the Bail out and sold my unborn children down the river... you thought we would not respond to this tyranny, think again.
The Lost SNL Bailout Skit
• Pat DollardWatch it now before it is GONE!
Wall Street: S&P 500, Dow Post Worst Retreats Since 1937
• Bloomberg.comThe S&P 500 slid 60.66 points, or 5.7 percent, to 996.23, extending its 2008 tumble to 32 percent in the market's worst yearly slump since 1937. The Dow Jones Industrial Average dropped 508.39, or 5.1 percent, to 9,447.11, giving it a 29 percent
Wall Street: S&P 500, Dow Post Worst Retreats Since 1937
• Bloomberg.comThe S&P 500 slid 60.66 points, or 5.7 percent, to 996.23, extending its 2008 tumble to 32 percent in the market's worst yearly slump since 1937. The Dow Jones Industrial Average dropped 508.39, or 5.1 percent, to 9,447.11, giving it a 29 percent
Jobless father kills family, self
• CNNA man with an MBA in finance, distraught because he could not find work shot and killed his mother-in-law, his wife and three sons and then killed himself inside a home in an upscale San Fernando Valley, CA neighborhood, police said.
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