Anyone who thinks Paulson's $700 billion bailout, which privatizes profits and socializes debt, will save the US economy, should think again.London-based investment consultancy Independent...

The International Monetary Fund in its latest report warns that the US is headed for recession. And that is regardless of what happens with any bailout package. "The financial turmoil that began...

Now that the Senate has passed through the Senate, the heat is on the House to give it the green light. But take a look at the Bill, full of pork barrelling give-aways - including ridiculous items...

A few weeks ago, I did a blog entry looking at how investment in renewable energy will eclipse the amount of money that poured into the Internet.?That's one big call. Still, now we have a...

It's hardly surprising that Congress rejected the hastily-thrown together bailout package. All the polls were showing that people wanted them to pass something different. One suspects the...

The draft bailout bill provides "authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption...

The scene of banks going under and policy makers risking moral hazard and bailing out the guilty is changing US market capitalism as we know it.The great economist Joseph Schumpeter talked about...

US president George Bush has moved to heavy Congress into running with the $700 billion package but the entire thing needs to be put in some sort of perspective. It's just not going to...

It's always nice to have a few billion in spare change lying around. Just when everything looked like it was going down the chute, Warren Buffett comes in and inject up to $10 billion in Goldman...

The $700 billion bad mortgage bailout is unlikely to fix the markets, says ratings agency Moody's.Bloomberg reports that Moody's chief credit officer Richard Cantor says it will at best bring...

And then there were none! Last week's implosion of Lehman Brothers has brought about the end of Wall Street as we know it with Goldman Sachs and Morgan Stanley now moving to become bank holding...

The Bush administration's stupid short-sightedness continues with the Treasury Department plan to buy up to $700 billion in distressed mortgage-related assets from private firms.Let's get...

What does the rising oil price have to do with the credit crunch. The two are inextricably linked, says financier George Soros.Soros says: "We are currently experiencing the bursting of a credit...

How bad is this crisis? Bad enough for central banks around the world to pump $180 billion into global financial markets, to jump start a system that seems to have broken down completely. Of course,...

According to the official numbers, reported here, the US is not in recession with the growth moving along at 3.3%. But it sure looks and smells like one: months of job losses; declining industrial...

An extraordinary day that signals a seismic shift for the US banking system.First, we have Lehman Brothers, Wall Street's fourth biggest bank, making its announcement here that it intends filing...

Last week, we saw some extraordinary volatility in the market, thanks to the troubles and uncertainty surrounding Lehman Brothers. The CBOE Market Volatility Index jumped 11.67 percent to 23.06 with...

Remember the Internet? Renewable energy and green technology will be a lot bigger than that, say Silicon Valley's venture capitalists.For a fascinating rundown about how the venture capitalists...

How quick was that? The rally in stocks following the bailout of Fannie Mae and Freddie Mac didn't last that long after after the Korean Development Bank confirmed it had ended talks to rescue...

So the Dow Jones gained nearly 300 points on the bailout of Fannie Mae and Freddie Mac. Don't expect the party to last.Home loans are being foreclosed more than ever, growing at their fastest...