Morgan Stanley, Goldman both internally bankrupt – can Paulson rescue them with $200 billion cash infusion?
Joe Weinman
Paulson, in a statement yesterday, said the U.S. would purchase equity...
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GM, Chrysler, Ford face bankruptcy – GM and Chrysler planning merger to survive multi-decade global depression
Fred Day
The deep and nasty global depression is finally here.
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The Bush legacy can haunt America for decades – unchecked spending and total arrogance end in world stock market crash and global depression
Tania Harding
Finance ministers and central bankers meeting in Washington said they would use...
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Group of Seven finance chiefs have announced a plan of action to fight a global crisis with all available tools
Media Release
The G7 agrees today that the current situation calls for urgent and exceptional action...
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US Stock market in third wave bear market can lose another 15% this week – S&P already down 2% even before Monday opening
Fred Day
Standard & Poor's 500 Index futures expiring in December fell 18.2 points...
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European financial meltdown accelerates – one in three European bank can face run by end of the year
Sunny Chopra
The European banking system is about to collapse.
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Why did stock market fall apart as the $700 billion painkiller was allowed through the catheter tube?
Joe Weinman
The stock market showed more gloom as the Congress passed the $700 billion rescue plan.
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Financial meltdown now reaches German heartland – Europe shivering form American financial winter
Fred Day
The winter is yet to come. But the European financial sector is getting chilled...
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Citibank’s easy takeover of Wachovia for pennies on the dollar with help of Paulson failed – Well Fargo unknowingly may have exposed the biggest corruption
Julia Sanse
Citigroup Inc., hobbled by $61 billion of subprime-related losses, now faces its biggest...
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Financial meltdown deepens – Libor rates and slump in commercial paper shows it is beyond the control of the $700 billion bailout package
Justine Pearle
The stock market is not eager to hear about the $700 billion deal to socialize...
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Europeans are no longer willing to tolerate American fiscal mismanagement – America may have lost its superpower status
P N Sarin
The first sign of rejecting American superpower status is coming from...
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US Depression leads to a long drawn worldwide depression – Factory orders and Unemployment claims drag Dow down
Nila Zame
Many $700 billion bail out packets have come and gone.
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