Archive for wall street
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US banks Citigroup and Merrill Lynch reveal fresh $15bn loss
CITIGROUP and Merrill Lynch will heap further pain on Wall Street this week as they reveal additional sub-prime write-downs totalling $15 billion (£7.6 billion) or more.
In another sign of the intense pressure on leading banks, Deutsche Bank is attempting to offload some of its €35 billion (£28 billion) of toxic debt to a consortium of [...]
British Paper The Independent Declares, USA 2008: The Great Depression
The Independent bases this Great Depression 2008 assertion of the soaring usage of food stamps in America. It almost seems as though this could play a role in shifting Americans away from worthless paper money and toward worthless digitial money via a cashless society.
We knew things were bad on Wall Street, but on Main Street it [...]
Federal Reserve Bailout: Central Bank Becomes Protector and Overseer of Wall Street
In the past two weeks, the Federal Reserve, long the guardian of the nation’s banks, has redefined its role to also become protector and overseer of Wall Street.
With its March 14 decision to make a special loan to Bear Stearns and a decision two days later to become an emergency lender to all of the [...]
