G8 warns of hunger threat to stability

The world faces a permanent food crisis and global instability unless countries act now to feed a surging population by doubling agricultural output, a report drafted for ministers of the Group of Eight nations has warned.

//snipurl.com/ffpgm



George Soros warns 'zombie' banks could suck lifeblood out of economy

IMF estimates toxic debts could spiral to $4tn.
//www.guardian.co.uk/business/2009/apr/07/george-soros-zombie-banks



Estimated U.S. taxpayer cost for bailout jumps

The Congressional Budget Office had originally projected the $700 billion Troubled Asset Relief Program would cost taxpayers $189 billion.

//www.reuters.com/article/domesticNews/idUSTRE53323420090406



Fannie Mae, Freddie Mac executives to receive millions in bonuses:

Fannie Mae and Freddie Mac, the mortgage lending giants currently under federal conservatorship, will pay out $210 million in retention bonuses over the course of 18 months, a recent letter by the companies' federal regulator, James Lockhart, states.

//wsws.org/articles/2009/apr2009/bonu-a07.shtml



Why didn't Fed force big banks to take less of AIG bailout?

The Federal Reserve Bank of New York in November chose not to pursue tough negotiations with large foreign and domestic banks and instead allowed them to receive 100 cents on the dollar in government funds to settle tens of billions of dollars of exotic financial bets guaranteed by American International Group.

//www.mcclatchydc.com/227/story/65609.html


From Information Clearing House



//freepage.twoday.net/search?q=food+crisis
//freepage.twoday.net/search?q=IMF
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=Troubled+Asset+Relief+Program
//freepage.twoday.net/search?q=Fannie+Mae
//freepage.twoday.net/search?q=Freddie+Mac
//freepage.twoday.net/search?q=bonuses
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=AIG+insurance
//freepage.twoday.net/search?q=Federal+Reserve
//freepage.twoday.net/search?q=Soros

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