Welcome back!In response to the global credit crisis, governments are buying ownership in banks. Often, we don’t recognize significant moments when they happen. We don’t see the events that change things forever. But the economic events of the last few days are a clear sign of enormous systemic changes that are underway around the world.
For [...]
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“When The Government Gets Into The Banking Business”
Tuesday, October 14th, 2008Posted in Main Page | 1 Comment »
When The Banks Cut Off Credit
Friday, October 10th, 2008The world is in economic crisis. So far, nothing has stopped the crisis from spreading. It started with subprime mortgages, and has grown into a hydra-headed monster that is creating fear around the world as banks cut off credit.
With global stock markets continuing their sickening plunge and the credit system all but shut down, efforts [...]
Posted in Banks and Money, Main Page | No Comments »

