The US Government Will Default On Its Debt

A Quiet Windfall For U.S. Banks

With Attention on Bailout Debate, Treasury Made Change to Tax Policy

By Amit R. Paley

The financial world was fixated on Capitol Hill as Congress battled over the Bush administration's request for a $700 billion bailout of the banking industry. In the midst of this late-September drama, the Treasury Department issued a five-sentence notice that attracted almost no public attention.

http://www.informationclearinghouse.info/article21201.htm



Global systemic crisis Alert For Summer 2009

The US Government Will Default On Its Debt

By GEAB

Our researchers anticipate that, before next summer 2009, the US government will default and be prevented to pay back its creditors (holders of US Treasury Bonds, of Fanny May and Freddy Mac shares, etc.). Of course such a bankruptcy will provoke some very negative outcome for all USD-denominated asset holders.

http://www.informationclearinghouse.info/article21194.htm



The DOW a year from now

By Denver Research Group

Without new dollars flowing on a consistent basis to middle class consumers, many analysts believe the DOW would necessarily fall below the level of the post dot.com, post 9/11 crash of 2002 (8,000)...most likely to the range of 6,500-7,000.

http://www.informationclearinghouse.info/article21195.htm



Fannie Mae warns of insolvency

Fannie Mae, the troubled US mortgage finance giant, has said that the $100 billion bailout it received from the US government may not be enough to keep it solvent.

http://english.aljazeera.net/news/americas/2008/11/200811111134451494.html


From Information Clearing House



http://freepage.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=$700
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=banking+industry
http://freepage.twoday.net/search?q=Fannie+Mae
http://freepage.twoday.net/search?q=Freddie+Mac
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=Amit+R.+Paley

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