Tuesday, November 25, 2008
The economic crisis: only getting worse!
We.are.f-cked....
More:
"US economy shrinks at fastest pace in seven years." [Guardian UK]
"Fed Commits $800 Billion More to Unfreeze Lending." So exactly how much money are we the taxpaers on the hook for now?? [Bloomberg]
The exclusive Yellowstone Club for billionaires members like Bill Gates is on the verge of bankruptcy (although may have gotten a last-minute loan to keep going). [AP | Seattle Post-Intelligencer]
"Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse." [CNN Money]
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More:
"US economy shrinks at fastest pace in seven years." [Guardian UK]
"Fed Commits $800 Billion More to Unfreeze Lending." So exactly how much money are we the taxpaers on the hook for now?? [Bloomberg]
The exclusive Yellowstone Club for billionaires members like Bill Gates is on the verge of bankruptcy (although may have gotten a last-minute loan to keep going). [AP | Seattle Post-Intelligencer]
"Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse." [CNN Money]
The 'Big Three' automakers = flagrant. [ABC News]
"Wachovia, which lost $33 billion in the last two quarters, said 10 top executives may be entitled to $98.1 million in severance pay after the bank is acquired by Wells Fargo, Reuters reported." And they're not the only ones either! [NY Times' 'DealBook']
Labels: Economy, GOP incompetence, WTF
