Wednesday, 1 October 2008

Putin Promises $50Bln For Banks: The government will provide a further $50 billion to increase liquidity in the banking system and fight the "contagion" that has spread from the United States, Prime Minister Vladimir Putin said Monday.

Dexia bank gets $9.2B bailout from governments, shareholders: Dexia became the second Belgian bank this week to get a government and shareholder bailout Tuesday when Belgium, France and Luxembourg said they would inject almost $9.2 billion to keep it afloat.

Fed Pumps Further $630 Billion Into Financial System: The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

You won't believe where that $700-billion bailout figure came from: Here's something that John McCain and Barack Obama and Sarah Palin and even longtime Washingtonian Joe Biden probably don't know. Not to mention Bob Barr, Ralph Nader and Ron Paul, who usually knows everything.

Let Risk-Taking Financial Institutions Fail: The bailout will involve a transfer of wealth — from the American people to financial institutions engaging in reckless speculation — that will be the greatest in history.

U.S. Moves Bails Out Auto Makers : The U.S. Congress moved Saturday to provide $25 billion in low-interest loans to the auto industry as part of an initiative to accelerate the development of fuel-efficient vehicles