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10 Dec 08

The Buffalo Trader

A positive Depression story.

www.davidbuffalo.com - Preview

economy bailout

29 Nov 08

The End of Wall Street's Boom - National Business News - Print - Portfolio.com

www.portfolio.com/...The-End-of-Wall-Streets-Boom - Preview

hedge fund CDS bailout wall street depression economy

“ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
“ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
4 more annotations...
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’
- “ ‘The Lomas Financial Corp. is a perfectly hedged financial institution: It loses money in every conceivable interest-rate environment.’

27 Nov 08

untitled

www.europac.net/newspop.asp - Preview

bailout GM economy wall street federal reserve

Our standard of living must decline to reflect years of reckless consumption and the disintegration of our industrial base. Only by swallowing this tough medicine now will our sick economy ever recover.

19 Nov 08

We'll be in Great Depression 2 by 2011 -- here are 30 reasons why - MarketWatch

Included: $60 Trillion in unfunded liabilities for Social Security & Medicare.

Also: former Goldman Sachs chariman John Whitehead: "...I wonder if tomorrow is the day Moody's and S&P will annonce a downgrade of US government bonds."

www.marketwatch.com/...story.aspx - Preview

marketwatch Great Depression Economy

ideology trumps common sense, reality and the facts. Greed drives ideologues to blow bubbles. They pop. Crashes happen. The public is collateral damage.
Henry Paulson was at Camp David warning the president and his staff of "over-the-counter derivatives as an example of financial innovation that could, under certain circumstances, blow up in Wall Street's face and affect the whole economy."
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- Treasury sneaks corporate tax credits into bailout giveaway, shifts costs to states
- State, municipal, corporate pensions lost hundreds of billions on derivative swaps
- Consumer debt way up, now at $2.5 trillion; next area for credit meltdowns
- Fed also plans to provide billions to $3.6 trillion money-market fund industry
- Social Security, Medicare with $60 trillion in unfunded liabilities
- John Whitehead

18 Nov 08

Robert J. Samuelson - Robert J. Samuelson: How to Bail Out General Motors - washingtonpost.com

www.washingtonpost.com/...AR2008111601734.html - Preview

GM Bailout Economy

an initial job loss of 2.5 million.
American production would virtually stop until new supplier arrangements emerged.
1 more annotations...
- GM already has $48 billion of debt.