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• US debt clock runs out of digits —- BBCNews
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• 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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WASHINGTON (MarketWatch) — The U.S. government would get shares in financial firms from which it would purchase bad debts under a new program designed to rescue the financial sector, according to a draft bill circulating in the Senate. The bill also calls for curbing pay to executives of firms who participate in the program and [...]

UPDATE: China Life: US Court Dismisses Class-Action Lawsuit
Last Update: 9/4/2008 8:19:58 AM
(Adds amount of irregularities found by audit.)
HONG KONG (Dow Jones)–China Life Insurance Co. (LFC) said Thursday a U.S. court
dismissed a class-action lawsuit brought against it by U.S. investors, which
alleged the company had concealed financial fraud and a government probe of that
fraud from investors during [...]

NEW YORK (MarketWatch) — Shares of Ambac surged 20% at the open Friday, while
rival MBIA Inc. rose 9.5% as Standard & Poor’s affirmed its AA ratings on both
bond insurers. Lehman Brothers shares also gained 5.8% in early action after a
regulatory disclosure Thursday showed billionaire George Soro’s hedge fund had
significantly raised its stake in the firm. [...]

SAN FRANCISCO (MarketWatch) — S&P Equity Research on Tuesday hiked Yahoo Inc. to
buy from hold with a 12-month price target of $27. “We are well aware of Yahoo’s
troubles, including a less firm global online advertising market, notable
competition, recent losses of substantial management talent, inconsistent
execution, and considerable distractions and uncertainty related to the Aug. 1
shareholder meeting,” [...]

NEW YORK (MarketWatch) — Standard & Poor’s Equity Research on Friday downgraded
shares of Bank of America Corp. to sell from hold amid worries about the mortgage
portfolio the bank will inherit when it acquires lender Countrywide Financial
Corp. on July 1. “We take unfavorable note of the large Countrywide
option-adjustable rate mortgage portfolio that Bank of America will [...]

The questions about Lehman Brothers (LEH) won’t go away. The investment bank’s shares rose Monday after Lehman chief Richard Fuld took responsibility for its $2.8 billion second-quarter loss. He stood behind Lehman’s balance sheet marks and reaffirmed that the bank’s so-called deleveraging effort, in which it sold assets to reduce the size of its balance [...]

NEW YORK (MarketWatch) — A representative of Lehman Brothers Holdings Inc. would
not confirm the expected release date of the bank’s second-quarter earnings
report. Spokesman Mark Lane said that the company had not released any time for
the results, which had been expected to be issued the week of June 16. However,
recent media reports that the bank may [...]

LOS ANGELES (MarketWatch) — Tobacco company Lorillard Inc. will replace Ambac
Financial Group Inc. in the S&P 500 Index , Standard & Poor’s said Tuesday
evening. The change will occur after the close of trading June 10. Lorillard is
being distributed via a two-tiered process that involves the retirement of a
portion of tracking stock Carolina Group , and [...]

SEC: Bank Of America Registration For Countrywide ‘Effective’
Last Update: 5/29/2008 7:11:03 AM
DOW JONES NEWSWIRES
The Securities and Exchange Commission said Thursday it declared effective a
registration of 132.8 million shares of Bank Of America Corp. (BAC) to be issued
under the company’s proposed merger with Countrywide Financial Corp. (CFC).
Earlier this year, Bank of America agreed to purchase troubled [...]

UBS prices $15.6 bln share sale at 31% discount
Switzerland’s UBS (UBS) on Thursday said it will sell new shares at a nearly
one-third discount to raise the 16 billion Swiss francs ($15.6 billion) it needs
to strengthen its balance sheet.

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