Paul Krugman New York Times: The American economy remains in dire straits, with one worker in six unemployed or underemployed. Yet Goldman Sachs just reported record quarterly profits — and it’s preparing to hand out huge bonuses, comparable to what it was paying before the crisis. What does this contrast tell us?
From: webmaster. Added: 12:08 PM, July 17th, 2009.
Tags: money, crisis, bailout, fraud, wall street,

Press TV interviewed Paris-based financial analyst Max Keiser on the US financial meltdown on September 20. What follows are his free-wheeling comments on the US government bailout of Wall Street and the potential consequences for America.
From: webmaster. Added: 9:29 AM, September 23rd, 2008.
Tags: Dollar, meltdown, hyperinflation, crisis, buyout, US, money, markets,

Russia poured $44 billion into its three largest banks and halted stock trading for a second day in a bid to stem the worst financial crisis since the devaluation and default a decade ago.
From: webmaster. Added: 9:45 PM, September 17th, 2008.
Tags: Russia, debt, crisis, markets, loss, crash, dollar, money, economy,

From what I glean in my own research, The New York Times has it exactly wrong. Many leading economists, both Democrat and Republican, think that the cause of the mortgage meltdown was explicitly due to involvement of the government with Fannie and Freddie.
From: webmaster. Added: 12:00 AM, July 25th, 2008.
Tags: crisis, fannie, freddie, housing, mortgage,

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