World-News

Forthcoming failures(?)
http://news.aspects.cc/economy/bank-failures-so-far



U.S. deficit to hit record US$490-billion next year

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

http://www.financialpost.com/story.html?id=685851



Dollar Falls Against Euro, Yen on Widening Bank-Loss Concern

The currency dropped a second day against the euro after Gary Stern, president of the Federal Reserve Bank of Minneapolis, was cited by the Financial Times as saying the U.S. credit crunch will worsen.

http://tinyurl.com/6r4w6v



Crunch Time

By Mike Whitney

The impending global recession has nothing to do with crafty mortgage lenders, opportunistic loan applicants, dodgy rating agencies, or crooked home appraisers. That's like blaming Lindy England for Abu Ghraib. The source of the troubles is the Federal Reserve and monetary policies that are designed to rob people of their life savings.

http://www.informationclearinghouse.info/article20595.htm


From Information Clearing House



http://freepage.twoday.net/search?q=budget+deficit
http://freepage.twoday.net/search?q=Fannie
http://freepage.twoday.net/search?q=Dollar+falls
http://freepage.twoday.net/search?q=credit+crunch
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=global+recession
http://freepage.twoday.net/search?q=mortgage