Credit Crisis

Economic Recovery Will Require More Than Just Confidence And Cash

Stephen Herrington | Posted 10.14.2008 | Home


Stephen Herrington

In order to stimulate growth in the short term, public works projects, national goals like carbon reductions and even perhaps a national specialization, like India has focused on computer technology, are possibilities. At this point it is quite certain that finance is not a specialty about which we can claim preeminence.

Manic Monday: Dow roars back from worst week ever

AP | TIM PARADIS | Posted 10.13.2008 | Business


NEW YORK — Wall Street stormed back after its worst week ever and staged the biggest single-day stock rally since the Great Depression on Monday...

Iceland Looks For Overseas Help In Dire Financial Crisis

Reuters | Posted 10.13.2008 | Business


REYKJAVIK (Reuters) - Iceland looked for help from new partners on Monday to dig it out of a crisis that has overwhelmed its once-flourishing financia...

Why this is NOT The 1930's

Alan Schram | Posted 10.13.2008 | Home


Alan Schram

Too many pundits compare our current tribulations to the Great Depression. Since May, the stock market has cratered, losing 4,500 points on the Dow...

British banks to get cash infusion from government

AP | JANE WARDELL | Posted 10.13.2008 | Business


LONDON — The British government injected an unprecedented 37 billion pounds ($63 billion) into some of the country's leading banks Monday to avo...

No Guarantees That Credit Will Flow After Global Meetings

New York Times | Floyd Norris | Posted 10.13.2008 | Business


At the end of a weekend when nearly all of the world's major bankers and finance ministers gathered in Washington to stanch the global credit crisis, ...

World stock markets soar after last week's rout

AP | JEREMIAH MARQUEZ | Posted 10.13.2008 | Business


HONG KONG — Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and th...

Huffpost Bloggers Team up to Bring "The Oracle" Prediction Markets Show to BBC World News

Max Keiser | Posted 10.12.2008 | Business


Max Keiser

The economic and finance predictions I've made over the past few years featured in the films I made for Al Jazeera caught the attention of BBC World N...

The World Is at Severe Risk of a Global Systemic Financial Meltdown and a Severe Global Depression

Nouriel Roubini | Posted 10.11.2008 | Business


Nouriel Roubini

It will take a significant change in leadership of economic policy and very radical, coordinated policy actions among all advanced and emerging market economies to avoid this economic and financial disaster.

Homeland Security

Kate Clinton | Posted 10.11.2008 | Home


Kate Clinton

Though I have not looked, I bet you twenty dollars my 401K looks like the Y2K. Actually, make that five dollars. I have been treating my 01K as I tr...

KCRW's Left, Right & Center 10.10.08/ECONOMY!

Huff Radio | Posted 10.11.2008 | Media


Huff Radio

This week, Arianna, Matthew, Robert and Tony debate the debate and the merits of capitalism.

Financial Crisis Opinions: Experts Weigh In

Huffington Post | Dave Burdick | Posted 10.10.2008 | Business


Here are brief excerpts from financial experts around the world weighing in on today's stomach-turning economic action. Click the expert's name to rea...

Forcing Paulson to Be a Businessman, Not a Crony Communist

David Sirota | Posted 10.10.2008 | Business


David Sirota

Those of us who opposed the bailout said, the way to deal with a credit crisis is to actually, ya know, deal with a credit crisis, and not use it to enrich Wall Street executives.

Fear and Reason on Wall Street

Michael Moynihan | Posted 10.10.2008 | Business


Michael Moynihan

Cross-posted at the NDN Blog. New York City -- In his classic 1841 book Extraordinary Delusions and the Madness of Crowds, Scottish journalist Charl...

Breaking The Fever: Could This Crisis Also Be The Cure?

The Washington Independent | Satyajit Das | Posted 10.10.2008 | Business


The first phase of this cure is reduction of debt throughout the financial system. So far, overall losses to financial institutions are $400 billion t...

Most Money-Market Funds Will Be Federally Guaranteed For Next 3 Months

AP | MARK JEWELL | Posted 10.10.2008 | Business


BOSTON — Nearly all the $3.4 trillion in money-market mutual funds is expected to be federally guaranteed for at least the next three months, no...

World stocks slump on Dow open

AP | PAN PYLAS | Posted 10.10.2008 | Business


LONDON — Europe's stock markets plunged Friday after Wall Street opened a breathtaking 7 percent lower _ below the 8,000 level _ but they soon r...

Christopher Hitchens' Economic Assessment: United States Is A "Banana Republic"

Vanity Fair | Christopher Hitchens | Posted 10.09.2008 | Business


But still, the chief principle of banana-ism is that of kleptocracy, whereby those in positions of influence use their time in office to maximize thei...

Iceland suspends stock trading, creates new bank

AP | JANE WARDELL | Posted 10.09.2008 | Business


REYKJAVIK, Iceland — Iceland suspended trading on its stock exchange for two days and took control of the country's largest bank _ the third to ...

Credit Crisis: How Did We Get Here?

Alan Schram | Posted 10.08.2008 | Business


Alan Schram

This is a clear case of management's greed and stupidity, but the blame also lies with homeowners, who wanted bigger homes than they could afford, and were happy to overpay for them and over-borrow to finance them.

Paulson Says Administration Is Working Fast, But Some Banks Will Fail

AP | MARTIN CRUTSINGER | Posted 10.08.2008 | Business


WASHINGTON — The Bush administration is considering taking ownership stakes in a number of U.S. banks as one option it might use to deal with a ...

Coordinated Rate Cuts A Big Help

Wall Street Journal | David Wessel | Posted 10.08.2008 | Business


So will coordinated rate cut do the trick? Probably not, but it's a big help. The world's major central banks, laboring to avoid the mistakes that th...

Buying A Car? Bring Cash

New York Times | Bill Vlasic and Nick Bunkley | Posted 10.08.2008 | Business


DETROIT -- The few consumers who are buying new cars are being forced into bigger down payments or all-cash deals in the latest sign of how the credit...

Stocks zigzag, end lower after emergency rate cut

AP | JOE BEL BRUNO and TIM PARADIS | Posted 10.08.2008 | Business


NEW YORK — A stock market empowered by an emergency interest rate cut tried to find some stability Wednesday, rallying several times before anot...

Federal Reserve Orders Emergency Rate Cut To 1.5%

AP | JEANNINE AVERSA | Posted 10.08.2008 | Business


WASHINGTON — The Federal Reserve, acting in coordination with other global central banking authorities, cut a key U.S. interest rate by half a p...