Treasury Hides $300B Back-door Bailout to Citibank
Bob Ivry Bloomberg The late Bloomberg News reporter Mark Pittman asked the U.S. Treasury in January 2009 to identify $301 billion of securities owned by…
Economy
Oil climbs as dollar sags
Associated Press NEW YORK — Oil prices climbed on Monday as the dollar fell against the euro and other currencies. Benchmark crude rose 91 cents…
U.S. seeks to dismiss UBS criminal tax evasion case
Editor’s Note: Once again, the real criminals get away with murder while average citizens will face jail time for minor tax evasion — Justice in…
World stocks up as G-20 vows to avoid currency war
Carlo Piavano Associated Press LONDON — World stocks rose and the dollar slumped Monday after global finance chiefs vowed to avoid a currency war that…
G20 Agreement Gives Emerging Countries More Power in IMF
Lesley Wroughton Reuters A G20 agreement to give emerging market countries more power in the International Monetary Fund opens the door for breakthroughs on easing…
Thank God for France
Mike Whitney Counter Punch Thank God for France. While American liberals tremble at the idea of sending an angry e mail to congress for fear…
Foreclosure Mess Scares Away Investors as ‘Fear has Taken Hold’
Dees Illustration Reuters Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven off by…
Foreclosure Mess Scares Away Investors as ‘Fear has Taken Hold’
Dees Illustration Reuters Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven off by…
UK Ministers plan huge sell off of Britain’s forest to cut the deficit
Editor’s Note: Economic hitmen move in for their pound of flesh in Britain. Surely the government will underestimate the value of their forest resources so…
Retired and broke: Why retirees are declaring bankruptcy
image: Reuters Reuters For more and more seniors, retirement doesn’t mean a debt-free life of leisure. An increasing number of Americans aged 65 and older…
IMF Head Says Officials at G20 Agreed on “Biggest Reform Ever”
Rebecca Christie and Rainer Buergin Bloomberg Group of 20 nations agreed on an overhaul of the International Monetary Fund that gives a larger voice to…
Vatican Banking Fraud Probe Widens: Church ‘Astonished’ It Must Adhere to Money Laundering Laws
Activist Post The Associated Press reported today that the Vatican expressed “astonishment” when an Italian court rejected the release of Vatican bank funds seized by…
Depression Within a Depression
John Maynard Keynes James Quinn, Contributor The Casey Report Regular Casey Report contributor James Quinn is the head of strategic planning for one of the…
Economists Say US Must Prepare for “Savage Austerity”
YouTube – BloombergTV Best Howard Davies, chairman of the London School of Economics, and Willem Buiter, chief economist at Citigroup Inc., talk about the potential…