Wikileaks Exposes German Preparations For “A Eurozone Chapter 11”

The end of the Euro!!! The following cable from US ambassador to Germany Philip Murphy (“Ambassador Murphy spent 23 years at Goldman Sachs and held a variety of senior positions, including in Frankfurt, New York and Hong Kong, before becoming a Senior Director of the firm in 2003, a position he held until his retirement […]

The big secret in U.S. housing

Voters aren’t likely to hear much before the election about plans to end government support for two giants in home finance, Fannie Mae and Freddie Mac. Yet like house prices, the federally backed entities are on the skids – as is the whole idea of Washington continuing to aid investment in a market often treated […]

Bush Adminstration helping Wall Street investment houses rather than people on Main Street America.

Bear Stearns Rescue Backed Amid Concerns Thursday April 3, 10:21 pm ET By Martin Crutsinger, AP Economics Writer Bernanke, Bush Admin. Defend Decision to Rescue Bear Stearns Amid Questions by Lawmakers WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke and the Bush administration on Thursday defended the decision to rescue Bear Stearns amid questions by […]