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March 6th, 2009
Wall Street Journal | Senate Banking Committee Chairman Christopher Dodd is moving to allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury Department.
Read article March 5th, 2009
Associated Press | Stocks are ending at 12-year lows, more than wiping out a one-day rally.
Read article March 5th, 2009
Bloomberg | The Fed yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral.
Read article March 4th, 2009
Financial Times | Swelling fiscal deficits are a necessary evil in the short term as the price of boosting economic growth, Ben Bernanke said on Tuesday.
Read article March 4th, 2009
Reuters | U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services that suggests hefty employment declines are on the way in the government’s payrolls report due on Friday.
Read article March 4th, 2009
Bloomberg | Federal Deposit Insurance Corp. Chairman Sheila Bair said the deposit insurance fund could dry up amid a surge in bank failures.
Read article March 3rd, 2009
Bloomberg | Testifying before the House Ways and Means Committee on the Obama administration’s 2010 budget, Geithner pledged to work with Congress to “determine the appropriate size and shape” of further bailouts.
Read article March 3rd, 2009
Caterpillar News | Exploding pension fund shortfalls are blowing billion-dollar holes in the balance sheets of some of the Chicago area’s biggest companies.
Read article March 3rd, 2009
Canadian Press | There’s no sign Canada is close to pulling out of an alarming economic nosedive that began last fall, resulting in the worst quarterly contraction in nearly two decades.
Read article March 2nd, 2009
Bill Anderson | Whenever Krugman wants to score a point or two, he channels John Maynard Keynes.
Read article March 2nd, 2009
Associated Press | The Dow Jones industrial average plunged below 7,000 Monday for the first time in more than 11 years as investors grew pessimistic about the health of banks, and in turn the economy.
Read article March 2nd, 2009
MarketWatch | The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.
Read article March 1st, 2009
Times Online | Twenty years after the fall of the Berlin Wall, Western leaders were told yesterday that five million jobs could be lost in the “new” European Union countries of the East unless radical action were taken to bail them out.
Read article March 1st, 2009
Bloomberg | Billionaire Warren Buffett said the economy will be “in shambles” for the rest of this year as financial firms take losses tied to reckless loans made during the housing boom.
Read article February 27th, 2009
BBC | The US economy shrank by 6.2% in the last three months of 2008, official figures have shown, a far sharper fall than had previously been reported.
Read article FDIC Approves ‘Emergency’ Fee on Banks to Bolster Reserves February 27th, 2009
Bloomberg | The Federal Deposit Insurance Corp. will charge U.S. banks a one-time assessment and increase other fees to replenish its insurance fund, adding $27 billion in costs to an industry already hobbled by the financial crisis.
Read article February 27th, 2009
The Treasury, which has provided a total of $45 billion to Citigroup, left the door open for the bank to seek additional government funding.
Read article February 26th, 2009
Telegraph | Mervyn King, the Governor of the Bank of England, has said it is “impossible to say” how much capital will be required to shore up the British banking system.
Read article February 26th, 2009
Washington Post | There is a growing belief among intelligence officials that the economic meltdown is now preeminent among security threats facing the United States.
Read article February 25th, 2009
Telegraph | Private investors who have bought exchange traded funds that track the performance of gold miners have more than doubled their money since October last year.
Read article Money! Wealth or Debt- The choice is Ours!
MN Joins States Declairing Sovereignty
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