Soros sees end of US-led globalized market system: "This is now over. The game is out. It does mean a very serious adjustment for America," added Soros Europe to U.S.: You messed up the rescue, too: First you mess up the world's financial system. Then you blow the rescue of it. Now let's show you how to do it properly. In new era, U.S. to buy $250 billion in bank stakes: The U.S. Treasury will buy nonvoting preferred shares in major financial institutions, with stakes in each limited to $25 billion. Bank executives must accept limits on their pay, and standards of corporate governance. Think tanks say Germany on verge of recession: A group of leading German economic think tanks say Europe's largest economy is on the brink of a recession. Former Fed chief says U.S. now in recession: Former Federal Reserve Chairman Paul Volcker said on Tuesday the U.S. housing sector faced more losses and the economy was in recession even as authorities moved to stabilize the financial system.
Wednesday, 15 October 2008
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