Money Meltdown Causing Evacuation of Wall Street
Region: United States
"The Crash of '09." "The Great Recession." Whatever iconic name will be imposed upon the ongoing financial crisis, it is likely the economic downturn will simply be analyzed by economists as the flood of dollars going out ... more
Views: 2109Solving America's Mortgage Crisis
Region: United States
As a native born American of the baby boomer generation who has watched both our leadership and economy now disintegrate progressively from the 50's Eisenhower era (there were a few high points, but very few), perhaps when... more
Views: 2008Geithner's Financial Plan: Much Ado About Nothing
Region: United States
Yesterday Treasury Secretary Timothy Geithner "unveiled" the Obama Administrations new plan for economic recovery. The almost ten pages of the speech given by Mr. Geithner were released shortly thereafter. ... more
Views: 1124All banks have collapsed in Iceland
Region: IcelandThe government of Iceland announced yesterday that the banks which where last standing has collapsed and have now been took over by the government. So the situation is now like in the 80's when all the banks where ow... more
Views: 1124AIG: Dodd's Mea Culpa Sounds Hollow
Region: United States
In the continuing saga of the AIG executive bonuses which were extended last week by Timothy Geithner and the Department of the Treasury, another player has stepped up to the plate in addition to President Obama's rather w... more
Views: 1804Obama Chastises AIG Executives
Region: United States
It was recently reported in the mainstream media that the executives of insurance giant, AIG, requested over 165M in unpaid bonuses for executives which they claimed were due and petitioned the Secretary of the Treasury, T... more
Views: 872Illinoisians’ Interest High at Community Banks and Credit Unions
Region: Illinois
It took $4 gasoline to get folks to think about their driving habits. Similarly, it looks like a meltdown of the megabanks and other financial institutions is prompting consumers to think about where they are putting... more
Views: 2637Many Americans Shut Out By Credit Reporting Agencies And Banks
Region: United States
The United States government is bailing out the banks with a 700 billion dollar package that American citizens will have to pay for while they are unable to get credit extended to refinance the bad loans the predatory bank... more
Views: 1186Financial Tsunami Reaches Indian Shore After Battering USA
Region: IndiaMuch hype was being made about the stability of the Indian Economy in the face of meltdown in USA. As if ‘nothing to worry, this is India’ type of sentiments were being expressed by Finance Minister of India an... more
Views: 1676Mexican billionaire weighs in on US financial crisis
Region: Mexico
Mexican billionaire Carlos Slim has some advice for the US in its financial crisis: Acquire temporary stakes in failing financial institutions instead of buying up their bad assets. And, a more dramatic fix: Tu... more
Views: 1479
