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October 10, 2008 |
G-7 Officials Say No `Harmonized' Response to Credit Crisis
Bloomberg
Finance ministers and central bankers from the Group of Seven nations signaled reluctance to adopt a coordinated effort to shore up banks, risking a deeper crisis of confidence after this week's global stocks crash. |
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October 10, 2008 |
Berlusconi says markets may be shut
Financial Post
Italian Prime Minister Silvio Berlusconi said governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession. |
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October 10, 2008 |
White House says "No" to Berlusconi
Miscellaneous
White House spokesman Tony Fratto said the U.S. has no plans to close the financial markets.
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October 09, 2008 |
US debt clock runs out of digits
BBC (UK)
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure. |
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October 07, 2008 |
"We want a new world to come out of this"
Bloomberg
The credit crunch deepened in Europe as government leaders pledged to bail out troubled banks and protect depositors. |
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October 06, 2008 |
Panic engulfs global stock markets
Breitbnart.com
World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis. |
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October 06, 2008 |
"We risk a disintegration of global finance within days"
Telegraph (UK)
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. |
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October 02, 2008 |
Credit freeze deepens after Senate bailout vote
Bloomberg
Interest rates on three-month dollar loans rose to the highest since January, short-term corporate borrowing fell by the most ever and high-yield loans tumbled, exacerbating the credit freeze that's paralyzing business around the world. |
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October 01, 2008 |
Why propping up banks will not rescue a debauched financial system
Telegraph (UK)
At last, there were public figures prepared to reject the political and financial blackmail of a debased White House-Wall Street elite. |
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October 01, 2008 |
Wanna bet that US defaults?
Fortune Magazine
What odds would you lay that Uncle Sam is going to be a deadbeat? |
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