Posted by seumasach on September 15, 2008
Chris Merritt, Legal affairs editor | September 16, 2008
THE NSW Government was under pressure last night to bail out local councils that stand to lose a total of about $200 million in the bankruptcy of US investment bank Lehman Brothers.
The bankruptcy has left the councils with little prospect of recovering any money they had invested in securities marketed by Lehman that turned out to be almost worthless.
Posted in Uncategorized | Tagged: financial collapse, Lehman | Leave a Comment »
Posted by seumasach on September 15, 2008
Shares in one of Britain’s biggest banks plunged by 35 per cent today as markets reeled from the shock collapse of US-based Lehman Brothers.
Posted in Uncategorized | Tagged: financial collapse, HBOS | Leave a Comment »
Posted by seumasach on September 15, 2008
The crisis gripping the US financial markets shows no signs of ending after an unprecedented weekend of drama
Richard Adams
15th September, 2008
Has Wall Street ever seen a weekend like the one it has just been through? Perhaps, in the depths of the great depression – but nothing in recent memory, not even the collapse of the hedge fund LTCM 10 years ago, comes close to the drama and crisis that the US financial system is going through.
Posted in Financial crisis | Tagged: AIg, financial collapse | 1 Comment »
Posted by seumasach on September 15, 2008
Whilst Gordon has now got the idea and is intent on shovelling every last penny the way of the bankers, a problem has arisen: such a policy would sink the £ and the City’s financial primacy with it. The empire is in a quandary.
Bank of England governor threatens to resign if Brown forces through state-backed mortgages
By James Cusick, Westminster Editor
THE GOVERNOR of the Bank of England, Mervyn King, has privately warned Downing Street that he will resign if Gordon Brown directs the bank to become the key agency in a state-backed mortgage guarantee system.
Posted in Financial crisis | Tagged: collapse of pound, financial collapse | Leave a Comment »
Posted by seumasach on September 15, 2008
“The numbers are too daunting,” said a senior executive at a large private-equity firm. Given AIG’s huge balance sheet, “we just don’t have enough capital to fill the hole.“
Insurer Looks to Sell Automotive Business, Annuities Unit;
It Seeks $10 Billion in Fresh Capital as Downgrade Threaten
By MATTHEW KARNITSCHNIG, LIAM PLEVEN and PETER LATTMAN
September 15, 2008
Insurer American International Group Inc., succumbing to relentless investor pressure that drove its shares down 31% on Friday alone, is pulling together a survival plan that includes selling off some of its most valuable assets, raising more capital and going to the Federal Reserve for help, people familiar with the situation said.
Posted in Uncategorized | Tagged: American International Group, financial collapse | Leave a Comment »
Posted by seumasach on September 15, 2008
It looks as if the limits of Federal bailing-out have been reached and we are now into free fall.
Stephen Foley
15th September
Wall Street banks were preparing for one of the most dramatic shake-ups in the finance industry’s history last night as it emerged that Lehman Brothers, an investment bank with a 158-year history, was working on a plan to declare bankruptcy.
Posted in Uncategorized | Tagged: financial collapse, Lehman | Leave a Comment »
Posted by seumasach on September 14, 2008
Vladimir V. Sytin
20th September, 2004
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In the opinion of many scientists, ecological catastrophes which befell Europe and Asia in summer, testify to some common global reasons behind their origin. First of all, they believe there is a possibility of secret and unsanctioned use of geophysical weapons. |
Posted in Drive to Global War | Tagged: HAARP | Leave a Comment »
Posted by seumasach on September 14, 2008
As the prospects for government help dwindle, beleaguered Lehman Brothers races to find an acquirer to avoid collapse
Mathew Goldstein and David Henry
12th September, 2008
It’s looking as though Lehman Brothers (LEH) may not be able to count on the federal government for any help in its hour of need, and that has all of Wall Street shaking. Shares of Lehman sank deeper into penny-stock territory on Friday, Sept. 12, as the beleaguered, 158-year-old firm races to find another bank to buy it in a bid to stave off collapse.
Posted in Uncategorized | Tagged: financial collapse, Lehman | Leave a Comment »
Posted by seumasach on September 13, 2008
Zunes has also petitioned against Thierry Meyssan and Eva Golinger in defence of the Albert Einstein Institute
Click here for Zunes -Golinger debate on AEI.
By Stephen Gowans
Posted in Uncategorized | Tagged: leftist imperialism, Zunes v. Gowans | 2 Comments »
Posted by seumasach on September 13, 2008
‘Who the f*** are you to lecture me?’: Russian minister’s extraordinary rant at David Miliband
Michael Lee and Will Stewart
13th September, 2008
David Miliband was subjected to an astonishing four-letter tirade from his Russian counterpart at the height of the Georgia crisis.
The Foreign Secretary received the undiplomatic tongue-lashing over the telephone after expressing the EU’s anger with the Kremlin, it was revealed yesterday.
At one point Sergei Lavrov, the colourful Russian foreign minister, became so incensed that he reportedly barked: ‘Who the f*** are you to lecture me?’
Posted in Uncategorized | Tagged: Boy Milliband | Leave a Comment »
Posted by seumasach on September 13, 2008
A Review of David Ray Griffin’s book
Tod Fletcher
12th September, 2008
In THE NEW PEARL HARBOR REVISITED, David Ray Griffin provides a brilliant and much-needed companion to his path-breaking and movement-building book on 9/11, The New Pearl Harbor (NPH; 2004). Now, on the occasion of the seventh anniversary of those horrific events, Griffin surveys in detail all the main lines of evidence against the official account of 9/11 to have emerged during the last four years. THE NEW PEARL HARBOR REVISITED (NPHR) has been designed as volume 2 of a two-volume set with NPH as volume 1; together they provide a thorough and up-to-date case against the official conspiracy theory (they can be bought separately, of course).
Posted in Uncategorized | Tagged: "War on Terror", 9/11, 9/11 commission, David Ray Griffin | Leave a Comment »
