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National City: On The Block, Cheap - Forbes
Now that Washington Mutual and Wachovia have been scooped up by bigger financial players, investors are wondering who will come to the rescue of National City . If a buyer does emerge, it isn't likely to want to pay much. National City (nyse: NCC ...

When do we know if a recession is at hand? - Globe and Mail
The classic definition is that a recession is underway when the economy shrinks for two consecutive quarters. But that is considered very rough and imprecise by most economists. By that measure we wouldn't know if Canada or the United States is in ...

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek
Fresh off the false and politicized attack on Fannie Mae and Freddie Mac, today we’re hearing the know-nothings blame the subprime crisis on the Community Reinvestment Act — a 30-year-old law that was actually weakened by the Bush administration ...

Why Britain's PM wants to overhaul the system - Globe and Mail
As the world's foremost banking centre, Britain has more than most at stake in repairing a system that has so rapidly disintegrated. "We regard ourselves as leaders in global finance and I think government has really sought to protect that, to ...

Iowa sheriff sales climb amid foreclosure crisis - Des Moines Register
Sheriff sales of foreclosed properties are picking up significantly in some Iowa counties, signaling no end to the troubles ahead for homeowners and lenders. In Polk County, the woman who oversees the court-ordered sales says she will begin in ...

McCain’s $300 Billion Mortgage Plan: Better Than the $700 Billion ... - Wall Street Journal
At Monday night’s Presidential Debate, John McCain dropped an economic bomb: he suggested that the U.S. Treasury should buy up mortgages and renegotiate their terms . Republican presidential candidate Sen. John McCain speaks at the town hall-style ...

October September August July June May April March February January ... - Nypress.com
Well, it’s official: Rupert Murdoch (illustrated here in an episode of "The Simpsons") is the reigning king of corporate media and nothing sacred is safe from his grasp. According to The Wall Street Journal , News Corp has now secured enough votes ...

New World Order - Scotsman
IT WAS a day of desperate global action, unprecedented in both scale and cost, intended to stymie the international devastation being wrought by the financial crisis. As the London stock market steeled itself to open again following days of vicious ...

The Perfect Storm – Our Great Depression - Lewrockwell.com
"Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it ...

Obama Pitches Middle Class Rescue Plan - ABC News Blogs
Taking a break from debate prep in the red state of Ohio, Sen. Barack Obama, D-Ill., this afternoon in Toledo, outlined a new rescue plan for the middle class intended to immediately stabilize the financial system and provide relief to struggling ...



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