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• US debt clock runs out of digits —- BBCNews
• General Motors held merger talks with Chrysler: reports
• US to buy stake in banks; first since Depression
• A Great 2008-2009 Depression
• the fear is still there - doubt it will be gone by monday.
• Quote by Thomas Jefferson “If a Central Bank is ever created in America- Through Inflation and Deflation the “Bankers” will Rob The Americans”
• China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds
• White House denies considering closing stock markets
• The 1929-1933 crash took stock market down 90%, today’s market down 45% - half way there
• It is time to work honorably for a better epoch and one where capitalism is founded on just and sustainable principles.

• 1929 Wall Street Stock Market Crash

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  • A Great 2008-2009 Depression | Investment-blog.net: Emerging Markets - Stock Tips - Discuss investment on U.S 1929 Great Depression vs. 2008 financial, housing, credit crisis
  • Elaine » Blog Archive » It’s the War, and the Bailout, Stupid!!! on Bailout Cost: $6K Per Taxpayer or More and to Raise the U.S. Debt Limit to $11.3 Trillion.
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  • admin on Banks Will Be Orderd By Fed To Inject Fresh Cash To Bond Insurers

• Random Posts

  • UPDATE: BEFORE THE BELL: Thornburg Mtge Plunges Amid Defaults
  • EIB Prices $1.75B 2015 Bond At 99.529, Swaps -0.20
  • Margin Lending
  • State Street Raised To Buy From Neutral At UBS >STT
  • Mass Charges Merrill With Fraud In Auction-Rate Sec Sale

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One thing for sure is that we are in a HUGE mess. A 1000 point swing on the DOW in one day has never been herd of in the history of the market and clearly states that there is panic on an epic proportion. Our net worth is being wiped out from under our feet [...]

TIANJIN, China (Dow Jones)–China International Capital Corp. Chairman Li Jiange
said Sunday that as an investment bank CICC doesn’t have sufficient capital to
make overseas acquisitions.
Li, who took up his post in July, made the comment on the sidelines of the World
Economic Forum in response to a reporter’s question about whether CICC is
planning any overseas acquisitions.
The U.S. [...]

American Banker | Friday, September 26, 2008
By Steven Sloan
WASHINGTON During another turbulent week on Wall Street, lending through the Federal Reserve Board’s discount window skyrocketed to $262.3 billion on Wednesday, thanks to new lending programs unveiled during the week.
It was the second record in as many weeks and more than double from the previous high [...]

WASHINGTON (MarketWatch) - Investment and commercial banks had borrowed a total of $218 billion from the Federal Reserve as of Wednesday, the Fed reported Thursday. As of Wednesday, the investment banks had borrowed $105.7 billion. This includes credit to domestic and London-based broker-dealer subsidiaries of Goldman Sachs, Morgan Stanley and Merrill Lynch. Commercial banks borrowed [...]

Even Bloomberg Financial Said Yesterday - Bailout “Mostly Benefits Goldman and Morgan Stanley”! Bernanke wants Taxpayers to Buy at PAR so Wall Boys Make 100% Profits!
Paulson Debt Plan May Benefit Mostly Goldman, Morgan (Update2)
By Jody Shenn
Sept. 22 (Bloomberg) — Goldman Sachs Group Inc. and Morgan Stanley may be among the biggest beneficiaries of [...]

Ban On Shorting Stks Causes Bets On Fin Mkts To Soar -Report
Last Update: 9/25/2008 1:59:29 AM
LONDON (Dow Jones)–Fixed-odds betting on financial markets has surged in recent
days as traders find ways to get around the ban on short selling financial
stocks, the Independent reported Thursday.
BetsForTraders.com, a financial bookmaker, has reported volumes up by more than
400% since last [...]

NEW YORK (MarketWatch) — Things have been happening pretty fast, but it’s kind
of funny how quickly people have come to some ironclad conclusions: Wall Street
as we know it is dead. Risk is gone. Trading is over. Deposits are king.
Goodbye, Dick Fuld and credit-default swaps. Hello, Ken Lewis and three-year
certificates of deposit.
If only it were true. [...]

Well the US ban is in now.. No short selling 799 US financial companies.
Crash is inevitable now. Hedge funds are toast. You’re looking at $1.4 trillion dollars of short and long positions in hedge funds out there.
That’s a huge unwinding. Hedge funds can’t add more to their short position so they won’t take on additional [...]

Leh is the biggest bankcruptcy of all time, in the whole world, occurred in Lehman today with 600$ billion in debts. Add to this the world’s biggest insurer AIG being a near certainty of heading for bank-ruptcy at this stage following close behind.
And then for a dash of spice, throw in the fact that [...]

B. of A. to settle auction-rate securities probes
By Alistair Barr, MarketWatch
Last Update: 9/5/2008 12:59:00 PM
SAN FRANCISCO (MarketWatch) — Bank of America Corp. said Friday that it is close
to settling probes into its actions in the defunct auction-rate securities
market.
The bank has been working for nearly a month with the New York attorney general’s
office and the Massachusetts [...]

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