The politics of smear won't work in the middle of a stockmarket crash: Voters care too much about their homes and their retirement to be swayed by the McCain camp's desperate slurs
A £516 trillion derivatives 'time-bomb': Not for nothing did US billionaire Warren Buffett call them the real 'weapons of mass destruction'
IMF in global 'meltdown' warning : The world financial system is teetering on the "brink of systemic meltdown", the head of the International Monetary Fund (IMF) has warned in Washington.
US surrenders power to appoint World Bank president: The US is to lose its power to appoint the president of the World Bank after the UK's development secretary, Douglas Alexander, brokered a deal to throw open the post to candidates from any country.
Dow Average May Be Poised to Fall to 7,000: : The Dow Jones Industrial Average would have to fall about 18 percent more to reach its ``trend line'' since August 1982, when the 1980s bull market started, according to Peter Boockvar, an equity strategist at Miller Tabak & Co. in New York.
Australia moves to shore up $700b in banks: DECLARING the global financial crisis had entered a new and dangerous phase, Kevin Rudd said his Government would guarantee the estimated $700 billion that Australians have deposited in banks, credit unions and building societies.
UK govt set to rescue RBS, HBOS: The UK government will on Monday launch the biggest rescue of Britain's high-street banks when the UK's four biggest institutions ask for a £35 billion financial lifeline. The unprecedented move will make the government the biggest shareholder in at least two banks.
Financial crisis: Countries at risk of bankruptcy from Pakistan to Baltics: A string of countries face the risk of "going bust" as financial panic sweeps Asia, Eastern Europe, and Latin America, raising the spectre of a strategic crisis in some of the world's most dangerous spots.
Trillions Disappear in Stock Market, but Where Did Money Go?: Robert Shiller, an economist at Yale, puts it bluntly: The notion that you lose a pile of money whenever the stock market tanks is a "fallacy." He says the price of a stock has never been the same thing as money — it's simply the "best guess" of what the stock is worth.
Errors in loan documents can save strapped homeowners: Even small mistakes in the paperwork may give borrowers the legal leverage to persuade lenders to rework their mortgages.
Foreclosure-proof homes?: Mortgage-backed securities have made many homes legal and financial mazes that put ultimate ownership in limbo
US: Shelters and Soup Kitchens Hold Crisis Front Lines: Wall Street may be in the throes of agony, but business is booming at the Holy Apostles Soup Kitchen a bit farther north in the Manhattan neighbourhood of Chelsea. And that's not particularly good news.
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