America Bails Out A Thankless World Here is an excerpt: “Turns out the Fed had over a dozen emergency programs operating beginning in 2007-08, one of them lending close to $9 trillion to Merrill Lynch, Morgan Stanley and other troubled institutions, often at the comical interest rate of 1%.”
John R. suggested this insightful piece by David at Deepcaster: Profit-Lessons from The Ongoing Europe/USA Crises
Reader Davis sent flagged this: Mounting State Debts Stoke Fears of Looming Crisis
Bob G. sent this item: The Patriotic and Moral Imperative for Owning Gold and Silver
Items from The Economatrix:
FDIC Takes Gloves Off for Failed Bank Losses
Euro Slide Gathers Pace on Debt Crisis Fears
Holiday Shoppers Came Out to Spend in November
White House Presses Congress for Jobless Benefits
Fed May be Central Bank of the World After UBS
UK Banks Borrowed More than $1 Trillion from Fed
Fed Reveals it Dished Out Trillions to World Banks to Aid The Crisis