Financial crisis

Both the House and Senate are set to vote today on the $789 billion economic stimulus package. The vote follows weeks of political wrangling that … America’s Economic CrisisRead more

The crucial question is, on what terms does the Treasury plan to guarantee or to repurchase or to otherwise deal with the bad assets that … James Galbraith on bailoutRead more

On Monday Obama named New York Federal Reserve Bank President Timothy Geithner to the post of the Treasury Secretary. Former Treasury Secretary under Clinton Lawrence … New Economic Team of USRead more

There’s a few elements now that are being described as illegal that we’re finding out. First of all, the equity deals that were negotiated with … Privatising US TreasuryRead more

what upsets the Europeans and the foreigners is that the US plan has done nothing at all about the debt crisis itself. It’s bailed out … Stocks Plummet Across the GlobeRead more

Markets around the globe continue to plummet despite indications from Federal Reserve Chair Ben Bernanke that he would lower interest rates. Bernanke described the financial … Wall St crisis and world marketRead more

AIG Execs Held Luxury Vacation Days After $85B Taxpayer Bailout On Capitol Hill, the House Oversight Committee continued hearings into the financial crisis with testimony … How AIG spent bailout moneyRead more

Naomi Klein speaking at the University of Chicago: The credit crunch is spreading to financial markets around the world. Nearly 160,000 jobs were lost here … Wall St. Crisis and the Fall of Berlin WallRead more

On Capitol Hill, the House is preparing to vote again on the revised $700 billion Wall Street bailout plan after rejecting a similar bill on … Robert Johnson on bailoutRead more

“My fundamental complaint is that they have been sleight of hand to the point of broad deception to the American people, if you listen to … US bailout planRead more