Britannia Radio

PAUL KRUGMAN: Cash for Trash: Some skeptics are calling Henry Paulson’s $700 billion rescue plan for the U.S. financial system “cash for trash.” Others are calling the proposed legislation the Authorization for Use of Financial Force, after the Authorization for Use of Military Force, the infamous bill that gave the Bush administration the green light to invade Iraq.

US dollar set to be major casualty of Hank Paulson's bailout: “This may prove to be the dollar’s epochal moment – the moment historians look back at as its major turning point.”

Clients move assets worth $6b from Citi, UBS to Deutsche: The crisis of confidence triggered by the subprime mortgage meltdown has adversely hit Citi and UBS' wealth management businesses across the Asia-Pacific region, resulting in a movement of client assets of $6 billion to rival Deutsche Bank.

Germany Won't Join U.S. Program; Merkel Slams Past Reticence: Germany won't join the U.S. bank- rescue program, Finance Minister Peer Steinbrueck said, after Chancellor Angela Merkel noted that German proposals to bolster market transparency might have mitigated the need for such measures.

Paulson's former firm to be among largest beneficiaries of bailout: bank: It certainly pays to be Treasury Secretary if your former firm is a brokerage house, a new study says.

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of Paulson’s Bailout: Paulson has surrounded himself with former Goldman executives as he tries to navigate the domino-like collapse of several parts of the global financial market.

Millions spend half of income on housing: Al Ray is so strapped for cash, the only time he eats out is on Wednesday or Sunday, when the local McDonald's sells hamburgers for 49 cents.