Infowars.com: Ron Paul: Bailout Unconstitutional, Special Interests Forced Bill Through Congress Texas Congressman Ron Paul has warned that the amended bailout legislation that passed Congress on Friday is not only far worse than the original bill but is also unconstitutional. “It’s amazing, you take a very very bad bill, appropriating $700 billion, you can’t get […]
Telegraph: Financial crisis: Iceland’s dreams go up in smoke “The pension funds have now also agreed to help the Government by selling assets. It took a while, though, for the penny to drop. As recently as this spring, when questions were being asked about the economy, the country was in denial.”
Original post by quiet guy
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BBC NEWS: Markets need morals, says Brown Gordon Brown has urged global markets to abide by a system of “morals”, including “responsible risk-taking” and a “work ethic”……………..Ha Ha Ha Ha Ha
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Original post by titaniccaptain
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BBC NEWS: Stocks slide despite reassurances The UK’s top share index chalked up its biggest ever one-day points fall as Chancellor Alistair Darling attempted to reassure financial markets…………I wonder why
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Original post by titaniccaptain
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mortgagesolutions: Kings convinces vendors to drop prices Estate agent Kings Group has recently undergone negotiations with many of its vendors to reduce asking prices, in an attempt to create more interest from applicants. Part of this initiative is to put new boards on properties with the vendor’s consent, showing that the price has recently been […]
Press Association: PM to quiz Merkel on cash guarantee Gordon Brown will be speaking to Angela Merkel amid confusion over the extent of the German chancellor’s commitments to protect bank deposits.
Original post by whostolemyendowment
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Guardian: Icelandic government battles to save the economy Iceland (population a mere 300,000) sees the government take over housing loans held by the banks and put them in a government housing fund and guarantee all of the domestic deposits in Icelandic savings accounts as their currency plunges and inflation rockets.
Original post by enuii
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SOTT: Grand Theft Economics uh oh
so thats what happened
The credit derivatives markets will on Monday set the price tag for settling up to $500bn of contracts related to Fannie Mae and Freddie Mac, the US mortgage lenders whose seizure by the US government had the unexpected knock-on effect of triggering defaults on derivatives deals.
Reykjavik - […]
BBC: New car registrations fall by 21% September normally the most lucrative month on the garage forecourt sees private registrations fall 23% and business registrations plunge 37% the worst decline in new car and commercial vehicle registrations since 1991.
Original post by enuii
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BBC News website: Lehman Bros head took home $300m The head of failed US investment bank Lehman Brothers has told Congress that he took home about $300m in compensation over the past eight years.
Original post by angonamo
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