Massive Relief For Homeowners And Trouble For Banks

By Ellen Brown

A landmark ruling in a recent Kansas Supreme Court case may have given millions of distressed homeowners the legal wedge they need to avoid foreclosure.

//www.informationclearinghouse.info/article23557.htm

 

Big Dem Donor Indicted

Federal prosecutors have accused a major Democratic fundraiser with ties to Barack Obama and Hillary Clinton of orchestrating a Ponzi scheme that involved swindling several major banks out of hundreds of millions of dollars, and using some of the proceeds to fund political candidates and PACs.

//snipurl.com/s1wje

 

Obama: We Need To Bail Out Newspapers

Obama yesterday expressed concern at the sorry state of the news industry and said that he will look at a news paper bailout, because otherwise, blogs will take over the world, and that would be a threat to democracy, The Hill reports.

//snipurl.com/s1wk4

 

Federal Reserve rejects request for public review

The Federal Reserve Bank will not submit to a voluntary public study of its internal structure and methods of governance, as it was requested to do so by Treasury Secretary Timothy Geithner.

//rawstory.com/blog/2009/09/fed-rejects-geithner-request-for-public-review/

 

10 Big Companies That Are Veering Toward Bankruptcy

A new report by Audit Integrity identifies some high-profile names "that have the highest probability of declaring bankruptcy among publicly traded firms."

//snipurl.com/s1wlb

 

California Joblessness Reaches 70-Year High

California's unemployment rate in August hit its highest point in nearly 70 years, starkly underscoring how the nation's incipient economic recovery continues to elude millions of Americans looking for work.

//www.nytimes.com/2009/09/19/us/19calif.html?_r=2


From Information Clearing House

 

//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=Hillary
//freepage.twoday.net/search?q=Geithner
//freepage.twoday.net/search?q=Ponzi
//freepage.twoday.net/search?q=Federal+Reserve
//freepage.twoday.net/search?q=recovery
//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=homeowner
//freepage.twoday.net/search?q=foreclosure
//freepage.twoday.net/search?q=bankruptcy
//freepage.twoday.net/search?q=jobless
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=Ellen+Brown

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