Financial and Economic Global Crisis
The protections put in place after the Great Depression of the 30s were removed in the 80s. We need them reinstated.
We need to do more than watch this ugly drama unfold.
It isn't over - it's getting worse.
Recent Activity
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Toyota U.S. November sales fall 33.9% - MarketWatch
SAN FRANCISCO (MarketWatch) -- Toyota Motor Corp. said Tuesday that U.S. November sales fell 33.9% to 130,307 vehicles from 197,189 a year ago. Toyota U.S. November passenger car sales fell 32.3% to 76,954 units from 113,641 last year, and Toyota light truck sales fell 36.1% to 53,353 units ...
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Ford U.S. Nov. auto sales fall 30.6% to 123,222 vehicles - MarketWatch
SAN FRANCISCO (MarketWatch) -- Ford Motor Co. on Tuesday reported a 30.6% drop in November U.S. sales to 123,222 vehicles from 177,485 a year ago as the weak economy continued to dampen consumers' appetite for new cars. Ford, Lincoln and Mercury combined car sales fell 31.5% to 37,272 units ...
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Anonymous Banker: Why Are S.B.A. Loans Disappearing? - Executive Suite Blog - NYTimes.com
Anonymous Banker, who is fast becoming Executive Suite’s new best friend, is back, this time with a first-hand explanation about why banks aren’t making small-business loans. A.B. — who, as I’ve mentioned in previous posts, works for a major bank but does not want to be identified — sent me this ...
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The Bush Economy and the Myth of the Clinton Recession | Crooks and Liars
The Bush Economy and the Myth of the Clinton RecessionBy Jon Perr Tuesday Dec 02, 2008 6:45amchart_post_ww2_recessions_946ce.gifIt's official. According to a statement from the National Bureau of Economic Research, the United States has been in a recession since December 2007. But while that ...
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CORRECT: General Electric sees Q4 net at low end of range - MarketWatch
NEW YORK (MarketWatch) -- General Electric Co. said Tuesday it expects fourth-quarter net income of 50-52 cents a share, the low end of its previously announced range of 50-56 cents a share. Analysts expected earnings of 52 cents a share for the component of the Dow Jones Industrial Average . ...
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It's Official: U.S. In Yearlong Recession, Economy Fell Into Recession In December 2007, National Bureau Of Economic Research Says - CBS News
Comment added by JDP on 12/01/2008Amazing, isn't it that during an election year the current administration and its party's candidate couldn't figure this out? Oh yeah - the economy was "fundamentally sound". Self-serving blindness, incompetence, or basically just "asleep at the wheel"? -
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Under Pressure [from banks and mortgage lobbyists], US Eased Lending Rules
Comment added by JDP on 12/01/2008Yet more proof that the Bush administration - kowtowing to banks and mortgage lending lobbyists - was the real culprit in the subprime mortgage mess via their de-/no-regulation stance, and NOT Freddie Mac, Fannie Mae, the Community Reinvestment Act, or Democrats [barely in control for two years] ... -
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Ushahidi :: Crowdsourcing Crisis Information (FOSS)
Comment added by webferret on 11/29/2008webstar08 -
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Broken banks put state back in the driving seat - FT
Comment added by Giorgio Bertini on 11/27/2008Excellent
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Started Oct. 4, 2008
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