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This is from Market Oracle UK: http://www.marketoracle.co.uk/Article7824.html
“Martin Weiss writes: The deflation we’ve been warning you about is here, and it’s striking hard. Last week, the Fed released a report that sent chills down the spine of economists all over the world, revealing a sweeping destruction of wealth in America.
Just in the third quarter alone, U.S. [...]

Key dates in the federal government’s campaign to alleviate the economic crisis.
March 11: The Federal Reserve announces a rescue package to provide up to $200 billion in loans to banks and investment houses and let them put up risky mortgage-backed securities as collateral.
March 16: The Fed provides a $29 billion loan to JPMorgan Chase & [...]

PARIS — Even as the bailout package for Detroit’s automakers remains a question, automakers in Europe and Asia are lining up for handouts.
“It’s a foregone conclusion that governments around the world are going to aid these companies,” Dennis DesRosiers, an independent auto analyst in Toronto, said. “It’s just a matter of working through the politics.”
In [...]

1. Raise the gas tax by $1/gallon, or 5 cents per months for the next 24 months ($1.20 total). This creates the necessary incentive for people to buy gas-efficient cars and for auto makers (including Detroit) to build them.
2. Throw a lot of money at the states, say $50billion. But in return, void all the [...]

By Hugh Son
Nov. 9 (Bloomberg) – “American International Group Inc., the insurer bailed out by the U.S., may get lower interest rates and more time to repay its debt in a new government rescue package valued at more than $150 billion.”
“The U.S. will revise the original $85 billion loan that saved the New [...]

Nov. 7 (Bloomberg) — Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks.
The lawsuit is based on the U.S. Freedom of Information Act, which requires federal agencies to make government [...]

The biggest one gives banks unfettered ability to use “tax losses” of banks acquired. The restrictions have been completely lifted. This change greatly benefits Wells Fargo and allows Paulson’s cronies at Wells Fargo to take $74 billion in write-downs in its acquisition of Wachovia. The former law would have allowed $18.6 billion. This is a [...]

“The economy is pretty much showing what we thought all along — that we’re slipping into or already in recession,” said Sam Stovall, senior investment strategist at Standard & Poor’s.
“People question Monday’s rally and wonder whether it was a true rally, one to be taken with faith or just an opportunity to get out at [...]

It seems so far, the mice are ahead with pts on their ” consistent plan ” vs Paulson n Co. ” inconsistent one “! huh . Now he has to find himself playing ” follow the leader ” with the likes of UKs Gordan Brown ! So much for his leadership abilities huh!
WASHINGTON - [...]

When the Anglo-Saxon central bankers print unlimited number of fiat money out of thin air it’s called “financial stabilisation, coordinated liquidity injection, bailout package, etc…But when Zimbabwe prints unlimited number of their currency, they are called a banana republic.
I still see a lot of companies reporting a lot worse than expected EPS and more jobs [...]

http://www.guardian.co.uk/business/2008/oct/14/europe-europeanbanks
“The scale, ambition and potential costs of the programmes announced yesterday suggested that European leaders such as Gordon Brown, President Nicolas Sarkozy of France and Germany’s chancellor, Angela Merkel, were determined to rise to the challenge of the financial crisis through concerted action, displaying a degree of leadership that put Washington, the global economic leader, [...]

Treasury plans to take equity positions by mobilizing funds from $700 billion bailout package.
Citigroup                         $25 billion
J.P. Morgan                      $25 billion
Bank of America              $12.5 billion
Merrill Lynch       [...]

Epoch Times
Thursday, Oct 9, 2008
According to a British Broadcasting Corporation (BBC) report, China denied reports that it would buy up to $200 billion worth of U.S. Treasury bonds to partially finance the Bush Administration’s $700 billion rescue package.
Hong Kong’s Ming Pao reported on October 5 that China was going to buy another $200 billion in [...]

NEW YORK (MarketWatch) — Treasurys fell early on Tuesday, sending yields higher,
amid hopes that a financial bailout package will eventually be approved, after
its rejection in Congress Monday sent stocks plunging and bonds surging. In early
action, futures for the broad S&P 500 index were up 2.2%. Two-year note yields
were up 4 basis points at 1.70%. Repeating [...]

LONDON (MarketWatch) — Banks remained afraid to lend to each other Tuesday,
leaving money markets in a deep freeze that economists warned could lead to a
wider economic collapse.
“Money markets are in a state of extreme distress,” said Neil Mackinnon, chief
economist at ECU Group, a research firm.
The overnight London interbank offered rate, or Libor, posted a record [...]