Posted on 16 July 2008 by admin
Steve Watson / Infowars.net | Wednesday, July 16, 2008
With three more financial outlets collapsing under the economical meltdown last week, queues of angry people outside banks with no access to their money, inflation at its highest rate for 27 years and scores of economists predicting a recession may tip into a full blown depression, president Bush reacted by declaring that the economy is still fundamentally sound.
Popularity: 100% [?]
Posted on 16 July 2008 by admin
Daily News Wire Services | Wednesday, July 16, 2008
Police ordered angry customers lined up outside an IndyMac Bank branch to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution’s federal takeover.
Popularity: 2% [?]
Posted on 14 July 2008 by admin
Paul Joseph Watson / Prison Planet | Monday, July 14, 2008
Veteran London Times journalist William Rees-Mogg predicts that the collapse of U.S. mortgage giants Fannie Mae and Freddie Mac could herald a downturn into a 1930’s style depression that threatens to sweep away democratic governments.
Popularity: 4% [?]
Posted on 14 July 2008 by admin
Louise Story / IHT | Monday, July 14, 2008
As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year.
Popularity: 4% [?]
Posted on 13 July 2008 by admin
Kathy M. Kristof and Andrea Chang / LA Times | July 12, 2008
The federal government took control of Pasadena-based IndyMac Bank on Friday in what regulators called the second-largest bank failure in U.S. history.
Citing a massive run on deposits, regulators shut its main branch three hours early, leaving customers stunned and upset. One woman leaned on the locked doors, pleading with an employee inside: “Please, please, I want to take out a portion.” All she could do was read a two-page notice taped to the door.
Popularity: 3% [?]
Posted on 10 July 2008 by admin
Dan Levy / Bloomberg | Thursday, July 10, 2008
U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled as deteriorating property values and higher payments on adjustable mortgages forced more people to give up their homes.
Popularity: 1% [?]
Posted on 09 July 2008 by admin
Every night at dusk in this wealthy California coastal town, Barbara Harvey puts down food for her golden retrievers, Phoebe and Ranger, and watches as they go for their evening walk.
Popularity: 1% [?]
Posted on 09 July 2008 by admin
The Prairie Dog Press / Will Bagley | Monday, July 7, 2008
Watching Wall Street and the American real-estate market crumble over the past 10 months has not inspired great confidence in our wonderful free-market economy or the land pirates who run it. As someone who recently wrestled with the causes and consequences of the Great Depression, I find the current economic shipwreck not merely spooky but downright terrifying.
Working as a historian is a discouraging business. No one seems to learn anything from history - that’s pretty much a given - but we keep hoping. As a chronicler of the 19th century American West, I had my work cut out when a family friend asked me to write a biography of her father, Judge Wilson McCarthy.
Popularity: 1% [?]
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