The sub-prime minister has led us beyond boom and bust
"Now the whole thing is in tatters, a busted flush, wrecked by a desire to trade beyond its sphere of competence. Yes, Gordon Brown’s premiership has become the AIG of British politics. "
U.K. Banks Are Biggest Winners in Credit Turmoil
This seems unlikely to me....
Make the super-rich pay!
From the social workers party....
What about the ordinary rich? Can't we make them pay too? Perhaps the almost rich could also make a contribution.
Top eurozone economies on brink of recession
No one escapes.....
Wall Street Jokes, Please
Paulson Agrees to Executive Pay Limits as Part of Plan
From Calculated Risk
Lie of the Day
From Naked Capitalism:
"Responding to questions from lawmakers, Bernanke said that should the rescue succeed and spur an economic recovery, that may lead the Fed to raise interest rates sooner than it otherwise would. For the plan itself, ``I don't expect any effect on inflation,'' Bernanke said."
A Simple Explanation of What Went Wrong
So simple that it is a wonder more people didn't see it coming.
FBI investigates four Wall Street firms over sub-prime meltdown
Better late than never....
Wall Street Panics, Ruling Class Scrambles
"The events of the last week on Wall Street represent a new and more destabilizing phase of the turmoil gripping financial institutions and markets in the U.S. A financial crisis has been unfolding for more than a year. It is now the most serious financial crisis of U.S. capitalism since the Great Depression of the 1930s. And it is by no means contained or under control. The financial edifice of U.S. imperialism is in danger of crumbling. And the U.S. ruling class is cobbling together desperate measures to prevent wholesale collapse."
Economic crisis, low media focus blamed for scant storm relief gifts
From the Catholic Weekly; why give generously when you will need the cash for yourself.
Leave the bonuses alone
From the Institute of Directors, who think city bonuses are just fine.