Greenspan: "It Was All Bush's Fault"
Greenspan On 60 Minutes
By Mike Whitney
Alan Greenspan's appearance on 60 Minutes was preceded with all the pomp and ceremony of a royal wedding. The public relations blitz dragged out for a whole week.
http://www.informationclearinghouse.info/article18411.htm
The Triumph of Structured Finance
Failing Banks, Toxic Bonds and Mortgage Laundering
By Mike Whitney
By now, you've probably seen the photos of the angry customers queued up outside of Northern Rock Bank waiting to withdraw their money. The pictures are headline news in the UK but have been stuck on the back pages of US newspapers. The reason for this is obvious---the same Force 5 economic-hurricane that just touched ground in Great Britain is headed for America and gaining strength on the way.
http://www.informationclearinghouse.info/article18410.htm
Bob Woodward: Greenspan Says Hussein's Removal Was 'Essential'
Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.
http://snipurl.com/1qugw
Run on UK bank continues: Northern Rock 'shredded' as savers withdraw £9,600 a second
THE future for troubled bank Northern Rock was looking increasingly desperate last night after it emerged that customers had withdrawn more than £2 billion in savings since Friday.
http://business.scotsman.com/index.cfm?id=1485112007
Ripple effect could be national omen
To understand how the housing bust may ripple through the broader American economy, look beyond the countless for-sale signs that dot this middle-class city. Instead, stop by Boater's Landing, where salespeople sit idle, hoping someone will once again want to buy a boat.
http://www.msnbc.msn.com/id/20798360/
On two U.S. coasts, renters squeezed by lack of affordable housing
This isn't how Simon and Jennifer Morris envisioned married life - sharing a charity-subsidized suite with four other hard-up families, abiding by a curfew and other rules that make them feel they are back in high school.
http://canadianpress.google.com/article/ALeqM5g-OO5sXN5el39T1aM8kZjaPQtspA
U.S. feels the sting of rising joblessness
Working folks across America hear the news that the economy shed jobs last month and start to worry about their own. Businesses become more cautious about planning and hiring, even if their particular company or industry is seeing robust demand.
http://www.insidebayarea.com/business/ci_6910865
E*Trade Cuts Earnings Estimate by 25%, Citing Mortgage Losses
E*Trade Financial Corp., the online brokerage that also underwrites mortgages, cut its estimate of 2007 earnings per share by at least 25 percent, partly on costs to exit the wholesale lending business.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7ZOK_pPID.U&refer=home
From Information Clearing House
--------
SEE THIS VIDEO: Northern Rock
http://disc.server.com/discussion.cgi?id=149495;article=113818
http://freepage.twoday.net/search?q=Greenspan
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Bob+Woodward
By Mike Whitney
Alan Greenspan's appearance on 60 Minutes was preceded with all the pomp and ceremony of a royal wedding. The public relations blitz dragged out for a whole week.
http://www.informationclearinghouse.info/article18411.htm
The Triumph of Structured Finance
Failing Banks, Toxic Bonds and Mortgage Laundering
By Mike Whitney
By now, you've probably seen the photos of the angry customers queued up outside of Northern Rock Bank waiting to withdraw their money. The pictures are headline news in the UK but have been stuck on the back pages of US newspapers. The reason for this is obvious---the same Force 5 economic-hurricane that just touched ground in Great Britain is headed for America and gaining strength on the way.
http://www.informationclearinghouse.info/article18410.htm
Bob Woodward: Greenspan Says Hussein's Removal Was 'Essential'
Alan Greenspan, the former Federal Reserve chairman, said in an interview that the removal of Saddam Hussein had been "essential" to secure world oil supplies, a point he emphasized to the White House in private conversations before the 2003 invasion of Iraq.
http://snipurl.com/1qugw
Run on UK bank continues: Northern Rock 'shredded' as savers withdraw £9,600 a second
THE future for troubled bank Northern Rock was looking increasingly desperate last night after it emerged that customers had withdrawn more than £2 billion in savings since Friday.
http://business.scotsman.com/index.cfm?id=1485112007
Ripple effect could be national omen
To understand how the housing bust may ripple through the broader American economy, look beyond the countless for-sale signs that dot this middle-class city. Instead, stop by Boater's Landing, where salespeople sit idle, hoping someone will once again want to buy a boat.
http://www.msnbc.msn.com/id/20798360/
On two U.S. coasts, renters squeezed by lack of affordable housing
This isn't how Simon and Jennifer Morris envisioned married life - sharing a charity-subsidized suite with four other hard-up families, abiding by a curfew and other rules that make them feel they are back in high school.
http://canadianpress.google.com/article/ALeqM5g-OO5sXN5el39T1aM8kZjaPQtspA
U.S. feels the sting of rising joblessness
Working folks across America hear the news that the economy shed jobs last month and start to worry about their own. Businesses become more cautious about planning and hiring, even if their particular company or industry is seeing robust demand.
http://www.insidebayarea.com/business/ci_6910865
E*Trade Cuts Earnings Estimate by 25%, Citing Mortgage Losses
E*Trade Financial Corp., the online brokerage that also underwrites mortgages, cut its estimate of 2007 earnings per share by at least 25 percent, partly on costs to exit the wholesale lending business.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7ZOK_pPID.U&refer=home
From Information Clearing House
--------
SEE THIS VIDEO: Northern Rock
http://disc.server.com/discussion.cgi?id=149495;article=113818
http://freepage.twoday.net/search?q=Greenspan
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Bob+Woodward
rudkla - 18. Sep, 10:17
