McCain Blasts Wall Street Failure, Neglects To Mention His Adviser Helped
Cause It:
If McCain wants to hold someone accountable for the failure in transparency
and accountability that led to the current calamity, he should turn to his good
friend and adviser, Phil Gramm.
http://tinyurl.com/5ocu55
====
Senior advisor disses McCain on economy:
A senior economic advisor to the Republican Party says neither John McCain
nor his running mate is capable of running a large business.
http://www.presstv.com/detail.aspx?id=69745§ionid=3510203
====
Financial turmoil accelerates in Russia:
Russian financial turmoil accelerated Wednesday as trading on the country's
major exchanges was halted for a second day and the finance ministry announced
plans to loan the country's three largest banks up to $44 billion.
http://tinyurl.com/44u2mj
====
US government rescues insurer AIG:
AIG will get an $85bn loan, in return for an 80% "public" stake in the firm.
http://news.bbc.co.uk/2/hi/business/7620127.stm
====
Rush to cancel AIG policies;
The Singapore office of insurance giant AIG has been besieged by people
desperate to cancel their policies.
http://news.bbc.co.uk/2/hi/south_asia/7621137.stm
====
Regulators gauging other banks' interests in WaMu:
Shares of Washington Mutual have plummeted in recent weeks amid continued
concerns about mounting losses in the bank's lending portfolios. In early
trading Wednesday, they rose 6 cents, or 2.6 percent, to $2.38.
http://ap.google.com/article/ALeqM5g0hpF581O6fDNrN-Es3GXc6ZKUtwD938GJTO0
====
Is the U.S. going overboard on bailouts?:
Industry and government officials say the handouts are cheaper in the long
run than doing nothing. But critics say they encourage bad behavior by removing
the consequences.
http://www.latimes.com/news/la-fi-bailout17-2008sep17,0,4352836.story?track=ntothtml
====
Housing starts at 17-1/2-year low:
Construction starts on new homes plunged to a 17-1/2-year low during August
as builders scaled back sharply to try to cope with the worst slump in U.S.
housing since the Great Depression.
http://www.reuters.com/article/email/idUSN1225498420080917
====
U.S. current account trade deficit rises to $183.1 billion:
The U.S. Commerce Department says the current account trade deficit
increased by 4.3 per cent to US$183.1 billion in the April-June quarter,
compared to a revised deficit of $175.6 billion in the first quarter. The
deficit represents the amount of money the country is borrowing from foreigners.
http://canadianpress.google.com/article/ALeqM5gXshPdF4zmw7q1pgtdQGUz6xI-UQ
===
--~--~---------~--~----~------------~-------~--~----~
You received this message because you are subscribed to the Google Groups
"ShadowGovernment" group.
To post to this group, send email to [email protected]
To unsubscribe from this group, send email to [EMAIL PROTECTED]
For more options, visit this group at
http://groups.google.com/group/ShadowGovernment
-~----------~----~----~----~------~----~------~--~---
