Fearing Global Recession, C.Banks Poised to Act
Central banks are likely to launch new coordinated emergency action this week to calm the panic sweeping financial markets, which could be rocked further by data pointing to global recession.
Companies start competing for bailout money
The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.
• Even the New York Times Calls Paulson a Liar
• Meet the World’s New Reserve Currency: The Chinese Yuan
• Private Coinage
• Global Recession Fears Drive Sell-Off
• Motorists’ fury as fuel giants Shell and BP make £4m profit every HOUR
The bailout is now the hottest lobbying game in town. Insurers, automakers and American subsidiaries of foreign banks all want the Treasury Department to cut them a piece of the largest government rescue in U.S. history.
• Even the New York Times Calls Paulson a Liar
• Meet the World’s New Reserve Currency: The Chinese Yuan
• Private Coinage
• Global Recession Fears Drive Sell-Off
• Motorists’ fury as fuel giants Shell and BP make £4m profit every HOUR
Paulson’s Parallel Universe
In the real world, strong banks that made good decisions should thrive and weak banks which made dumb investments and lending decision should fail.
• Asia Backs Sarkozy Push for Bretton Woods II
• BBC tells reporters: Don’t mention the ‘R-word’
• Upping the Stimulus Dosage
• Giant Companies are Using YOUR Money to Buy Competitors
• Down for the Count
• ‘Worst financial crisis in human history’: Bank boss’s warning as pound suffers biggest fall for 37 years
• Gold rises first day in four on belief it was oversold
• Around the World, the Signs Of Slowdown Spiral Outward
• Dollar and Yen Soar as Other Currencies Fall and Stocks Slip
In the real world, strong banks that made good decisions should thrive and weak banks which made dumb investments and lending decision should fail.
• Asia Backs Sarkozy Push for Bretton Woods II
• BBC tells reporters: Don’t mention the ‘R-word’
• Upping the Stimulus Dosage
• Giant Companies are Using YOUR Money to Buy Competitors
• Down for the Count
• ‘Worst financial crisis in human history’: Bank boss’s warning as pound suffers biggest fall for 37 years
• Gold rises first day in four on belief it was oversold
• Around the World, the Signs Of Slowdown Spiral Outward
• Dollar and Yen Soar as Other Currencies Fall and Stocks Slip
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