Tags: currency, economy, money, recession
More Communities Ink Their Own Currencies:”A small but growing number of cash-strapped communities are printing their own money.”
Tags: banks, economy
Hmmm… Citigroup bonds have value? “Graybill says Citi’s short-term senior debt—bonds maturing in three years or less—is a safer bet because the government won’t let the company default.”
Exactly what conservatives don’t like about this deal.
Tags: banks, economy, scandals
FBI Finds Alleged Scammer Stanford: “The billionaire banker accused of scamming $8 billion, R. Allen Stanford, was located by FBI officials today and served with civil papers by the SEC, putting an end to a nationwide search.”
Tags: economy, stimulus
Long Term Consequences of the Stimulus: “Where will this money come from?”
Tags: Bill Clinton, economy
Too Late, Bill: “I think that the only thing that our administration did or didn’t do that we should have done is to try to set in motion some more formal regulation of the derivatives market.”
Tags: economy, homeless, unemployment
White Collar Homeless Rising: “Unfortunately this family is representative of the new face of homelessness in our community. The college educated family forced to leave their rental home and bounce around from motel to motel with no money for food to feed their children.”
Tags: bailout, economy, stimulus
Porn Industry Wants Some of That: “Nobody could imagine that pornographers would be brazen enough to line up at the government trough.”
Tags: bailout, economy, politics, stimulus
Nobody’s Listening, Geithner: “Secretary Geithner’s speech yesterday unveiling the plan is being met with universal distain…“
Tags: economy, food, retail
Starbucks Offers Breakfast Deal, Finally: I wonder why they didn’t think of this before? I always went there for the food, and not the coffee. Pretty decent breakfast sandwiches.
Tags: business, economic meltdown, economy, fraud
Corporate Fraud Running Rampant: “Pistole says there are 530 active corporate fraud investigations, and 38 of them involve corporate fraud and financial institution matters directly related to the economic crisis.”
Tags: Argentina, economic meltdown, economy, inflation, US
The Argentine Warning to the U.S.: “When honest money perishes, the society goes with it. We can’t say we weren’t warned.”
Tags: charity, economy, financial
Giving Generously In Hard Times: “When you are feeling afraid, an action denoting trust always makes you feel less fearful and more powerful…”
Well said, and also, Modest Needs is a great organization that helps individuals and families in need.
Tags: credit, credit cards, economy, retail
Retailers Lose Money on Store Credit Cards: “Though only a small corner of the credit card market, cards that can be used only at a single retailer are quickly turning into a big headache for their issuers.“
Tags: banks, economy, Mafia
Mafia Injecting Cash Into Desperate Banks: Cash-rich Mafia groups have been channelling funds into banks desperate to survive the global credit crisis, the UN anti-crime chief said on Monday.
Tags: bailout, banks, economy, federal reserve
Groveling Before the Fed: We’ve seen money go out the back door of this government unlike any time in the history of our country,’ Senator Byron Dorgan, a North Dakota Democrat, said on the Senate floor Feb. 3.
Tags: economy, stimulus
Senate Set to Pass Stimulus Bill: “The U.S. Senate has enough votes to pass an $838 billion economic stimulus package and clear the way for negotiations with the House to get a bill to President Barack Obama’s quickly.”
Tags: bailout, banks, economy
Banks May Need $2 Trillion Bailout: “I want to be candid: this strategy will cost money, involve risk, and take time,” Geithner said today.
Tags: banks, economic meltdown, economy
When the Financial World Almost Stopped: “We were having an electronic run on the banks. They decided to close the operation… If they had not done that, their estimation is that… within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.”
Very scary, indeed. When will the next crisis occur, and how long will it take before we all find out?
Tags: bailout, banks, economy
Holding Bank CEOs Accountable: What they need to tell us.
Tags: economy, Obama, stimulus
Really? Only Government Can Save the Economy? According to President Obama, the answer is yes.
Tags: economic meltdown, economy, politics
Top Financial Heavyweights Who Will Affect You: “U.S. News & World Report compiled a list of key CEOs, politicos, and even media stars to watch in 2009.”
Tags: economy, Ponzi Schemes, scandals
Madoff Customer List Is 162 Pages Long: “Notables on the list include the International Brotherhood of Teamsters Local 1249 Pension Fund and John Denver Enterprises.”
Tags: economy, France, stimulus
No Stimulus For France: “When France is more responsible and less socialistic than your own government, it’s time to worry.”
Tags: bankruptcy, economy, state budgets, states
Should I Be Worried That My State Could Go Bankrupt? “There is a high chance a majority of the States within the United States of America could file for Chapter 9 bankruptcy.”
Tags: California, economy, state budget
California Stops Paying Its Bills: “People are going to be hurt starting today,” said Hallye Jordan, speaking on behalf of the state Controller. “There’s no money.”
They’d better do something quick.