Mortgage Bust - News for the New Depression
Monitoring the economic fallout‘Stock Market Flameout’ News
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DOW shed another 300 today
This is getting to the point where it is not even news anymore than a near daily occurrence. Investors abandoning stocks as punishing recession appears at hand NEW YORK - Wall Street capped another difficult week with steep losses Friday, sending the major indexes to their lowest levels in more than five ...
DOW down over 500 point yet again
NEW YORK – Wall Street tumbled again Wednesday as investors worried that the global economy is poised to weaken even as parts of the credit market slowly show signs of recovery. The major indexes fell more than 4 percent, including the Dow Jones industrial average, which ...
What the hell - AIG wants MORE money?
WHAT THE FUCK! AIG needs even more money. Bloomberg is reporting that the company that once was the largest insurer in the world plans to use the new commercial paper subsidy program to borrow $10 billion. Keep in mind that AIG has already borrowed $80 billion or so of the ...
Will Wall Street’s villains be punished?
Why aren't the big fish on the hook for the financial crash? THE WORLD FROM WASHINGTON- Michael Hirsh Richard Kovacevich had a point. Why should his company, Wells ...
Ten people who predicted the financial meltdown
The financial events of recent weeks have filled many of us with shock and panic. Surely no one could have predicted that we would be in this mess? Well, actually, they did. Here are ten people who saw the financial meltdown coming... 1. Vince Cable - deputy leader of the Liberal ...
World stocks take big fall in early trading
Japan's Nikkei plummets 10 percent after Dow tumbles on recession fears HONG KONG - Asian stocks plummeted Thursday, with Tokyo's market plunging more than 10 percent, after another dive on ...
‘More Insidious’ Than 1987: Current Bear Market Ranks Among Worst in History
If 1987 was like being in a bad accident, this market is like running into a bully who beats you up and takes your lunch every day, day after day. In that regard, the current market upheaval is "more insidious" than the 1987 crash, says John Roque, technical ...
Dow plunges below 9,000 on recession fears
NEW YORK - Investors agonizing over a faltering economy sent the stock market plunging all over again ...
Bush: bank buyout needed ‘to preserve free market’
The US Government is to spend up to $250 billion buying direct stakes in banks and other financial institutions under a controversial emergency plan which President Bush insisted today was "not intended to take over the free market but to preserve it". In a rescue scheme modelled on that announced for ...
How the superrich are surviving tough times.
Upper East Sliders Where cutting back means ditching the private jet. How the superrich are surviving tough times. By Holly Peterson | NEWSWEEK Published Oct 11, 2008 From the magazine issue dated Oct 20, 2008 If you'd wanted to gauge the mood of Manhattan's ...