Sunday, October 19, 2008

The Economy Archive

Following are my personal links to "recent" news articles of interest regarding the economy as of 19 October 2008. The links are organized by dates which take the form yymmdd (i.e., 080723 is 23 July 2008).

990930 - Fannie Mae Eases Credit To Aid Mortgage Lending http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260&sec=&spon=&pagewanted=1 [The start of the financial meltdown that led to an economic “bailout” in 2008]

060809 - Media Ignore Enron Connection to Higher Oil and Gas Prices [retained for historical interest] http://newsbusters.org/node/6858

080319 - Bernanke: Federal Reserve caused Great Depression http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=59405

080722 - Wachovia loses $8.9B, cuts 6,350 workers, dividend http://biz.yahoo.com/ap/080722/earns_wachovia.html?.v=19

080722 - California foreclosures up 261% from '07 levels http://latimesblogs.latimes.com/laland/2008/07/cal-foreclosure.html

080725 - The global economy is at the point of maximum danger http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/07/21/ccview121.xml

080804 - And Now Brace For the Bigger Wave of Mortgage Defaults http://www.clusterstock.com/2008/8/and-now-brace-for-the-bigger-wave-of-mortgage-defaults?Oh_No

080819 - Credit crunch may take out large US bank warns former IMF chief http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4563171.ece

080824 - FDIC gets ready for bank failures http://www.statesman.com/business/content/shared/money/stories/2008/08/fdic_0824_1.html

080830 - UK Economy at 60-year low, says Darling. And it will get worse http://www.guardian.co.uk/politics/2008/aug/30/economy.alistairdarling

080904 - U.S. Must Buy Assets to Prevent `Tsunami,' Gross Says http://www.bloomberg.com/apps/news?pid=20601087&sid=aDXbHi9QRUgE&refer=worldwide

080905 - U.S. Mortgage Foreclosures, Delinquencies Reach Highs http://www.bloomberg.com/apps/news?pid=20601087&sid=a53SCwRbNa_E&refer=worldwide

080905 - Share rout continues as US jobless figures disappoint http://www.guardian.co.uk/business/2008/sep/05/marketturmoil.economicgrowth?gusrc=rss&feed=networkfront

080909 - Enron Investors' Lawyers Get Record $688 Million Fee (Update2) http://www.bloomberg.com/apps/news?pid=20601087&sid=aakdO2wIq9xU&refer=worldwide

080911 - WaMu cut to "junk," sees $4.5 billion loss reserve http://biz.yahoo.com/rb/080911/washingtonmutual.html?.v=1

080912 - Probe into how Google mix-up caused $1 billion run on United http://technology.timesonline.co.uk/tol/news/tech_and_web/article4742147.ece

080913 - Insurers loss from Ike seen from $8 bln to $18 bln http://www.alertnet.org/thenews/newsdesk/N13410315.htm

080914 - Lehman CEO Fuld's hubris contributed to meltdown http://www.reuters.com/article/reutersEdge/idUSN1341059120080914

080914 - No final act in sight for U.S. financial crisis http://www.iht.com/articles/2008/09/14/business/crisis.php

080914 - Greenspan: US in 'once-in-a-century' financial crisis http://www.breitbart.com/article.php?id=080914181841.fsmkqu8s&show_article=1

080915 - Meltdown in US finance system pummels stock market http://biz.yahoo.com/ap/080915/financial_meltdown.html

080915 - Wilbur Ross: Possibly a Thousand Banks Will Close http://www.cnbc.com/id/26710362

080915 - WaMu Rating Lowered to Junk by S&P on Mortgage Losses (Update4) http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbDcNYTh_cI&refer=worldwide

080915 - Lehman files for bankruptcy, plans to sell units http://www.reuters.com/article/topNews/idUSN0927996520080915

080915 - Paulson vows to maintain stability of US financial markets http://www.breitbart.com/article.php?id=080915130216.hpu7hrwl&show_article=1

080915 - Obama blames Wall St. crisis on Republican policy http://www.breitbart.com/article.php?id=D9374EMO0&show_article=1

080916 - Money-Market Rates Double Amid Global Credit Seizure (Update4) http://www.bloomberg.com/apps/news?pid=20601087&sid=aNuUmNVcsRRQ&refer=worldwide

080916 - Pelosi orders wide Wall Street probe http://www.politico.com/news/stories/0908/13514.html

080916 - Pelosi: Dems bear no responsibility for economic crisis http://thehill.com/leading-the-news/pelosi-dems-bear-no-responsibility-for-economic-crisis-2008-09-16.html

080916 - Federal bank insurance fund dwindling http://news.yahoo.com/s/ap/20080916/ap_on_bi_ge/bank_deposits_safety

080916 - How the Masters of the Universe ran amok and cost us the earth http://thescotsman.scotsman.com/latestnews/-How-the-Masters-of.4494032.jp

080917 - Stocks tumble after government bailout of AIG http://biz.yahoo.com/ap/080917/wall_street.html

080917 - China paper urges new currency order after "financial tsunami" http://www.reuters.com/article/ousiv/idUSPEK4365020080917?sp=true

080918 - Panic grips credit markets http://www.ft.com/cms/s/8058d308-84d3-11dd-b148-0000779fd18c,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F8058d308-84d3-11dd-b148-0000779fd18c.html%3Fnclick_check%3D1&_i_referer=&nclick_check=1

080918 - How SEC Regulatory Exemptions Helped Lead to Collapse http://bigpicture.typepad.com/comments/2008/09/regulatory-exem.html

080918 - Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aVPBaUbYV_qQ

080918 - 'The World As We Know It Is Going Down' http://www.spiegel.de/international/business/0,1518,578944,00.html

080919 - Paulson plan could cost $1 trillion http://www.politico.com/news/stories/0908/13602.html

080919 - Guess again who's to blame for U.S. mortgage meltdown: Analysts point not to greed, but to social activist politics http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=75717

080920 - Europeans on left and right ridicule U.S. money meltdown http://www.latimes.com/business/la-fi-euromood20-2008sep20,0,7535469.story

080921 - Foreign banks may get help http://www.politico.com/news/stories/0908/13690.html

080921 - Almost Armageddon: Markets Were 500 Trades from a Meltdown http://www.nypost.com/seven/09212008/business/almost_armageddon_130110.htm

080921 - Paulson Urges Quick Action on $700 Billion Bailout Plan http://www.foxnews.com/story/0,2933,425663,00.html

080922 - Fury at $2.5bn bonus for Lehman's New York staff http://www.independent.co.uk/news/business/news/fury-at-25bn-bonus-for-lehmans-new-york-staff-937560.html

080923 - Stocks extend fall as Street weighs bailout plan http://biz.yahoo.com/ap/080923/wall_street.html

080923 - Bernanke: Recession more likely without bailout http://www.breitbart.com/article.php?id=D93CIG0G0&show_article=1

080923 - An Amnesty for Stupidity http://www.humanevents.com/article.php?id=28670

080925 - Democrats unveil economic stimulus plans http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2008/09/22/national/w131939D34.DTL&type=politics

080924 - Jack Welch says U.S. faces "deep downturn" http://www.reuters.com/article/businessNews/idUSTRE48N74H20080924?feedType=RSS&feedName=businessNews&rpc=23&sp=true

080924 - Fed sets $30 billion swaps lines with Nordics, Australia http://biz.yahoo.com/rb/080924/business_us_financials_cenbank_fedbiz.html?.v=2

080924 - Stocks end mostly lower amid debate over bailout http://biz.yahoo.com/ap/080924/wall_street.html

080924 - Buffett Buys Goldman Stake in `Economic Pearl Harbor' http://www.bloomberg.com/apps/news?pid=20601087&sid=aRef_DUx6AcU&refer=worldwide

080924 - Our Federal Economy http://www.realclearpolitics.com/articles/2008/09/paulson_be_fourth_branch_of_go.html

080924 - Newt's Reaction to President Bush's Speech Regarding the Bailout http://newt.org/tabid/102/articleType/ArticleView/articleId/3742/Default.aspx

080925 - FDIC May Need $150 Billion Bailout as More Banks Fail http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=amZxIbcjZISU

080925 - Advocates Demand Congress Put Bailout Details on Internet http://blog.wired.com/27bstroke6/2008/09/bailout-process.html

080925 - Bailout Threatens Economy, Shreds Constitution, Rips Off Taxpayers http://www.openmarket.org/2008/09/22/massive-bailout-threatens-economy-rips-off-taxpayers/

080925 - Welfare Added to Bailout to Appease Liberals http://www.openmarket.org/2008/09/25/welfare-added-to-bailout-to-appease-liberals/

080925 - Find out who's who in the 'Rogues Gallery' of economic crisis http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=76191

080926 - Bailout bill, once 3 pages, swells in length http://news.yahoo.com/s/ap/20080926/ap_on_bi_ge/bailout_paper_trail

080926 - Wachovia Begins Early Deal Talks with Citi http://dealbook.blogs.nytimes.com/2008/09/26/wachovia-begins-early-deal-talks-with-citi/index.html?hp

080926 - WaMu becomes biggest bank to fail in US history http://biz.yahoo.com/ap/080926/washington_mutual_future.html

080926 - Nomura pays only $2 for Lehman Brothers European unit http://www.japantoday.com/category/business/view/nomura-pays-only-2-for-lehman-brothers-european-unit

080926 - Bottom-Feeding Billionaires http://www.forbes.com/home/2008/09/25/buffett-billionaires-investing-biz-billies_cx_af_0925billiebets.html

080926 - Wall Street Executives Made $3 Billion Before Crisis http://www.bloomberg.com/apps/news?pid=20601109&sid=aGL5l6xOPEHc&refer=exclusive

080926 - Day of Reckoning http://www.humanevents.com/article.php?id=28743

080928 - 'Un-American' Bailout, Paulson Should Have Quit, Gingrich Says http://blogs.abcnews.com/politicalradar/2008/09/un-american-pla.html

080928 - US Congress passes 25 bln loan guarantees to automakers http://www.breitbart.com/article.php?id=080928164938.dtc44u1c&show_article=1&lst=1

080928 - Brazil's Lula calls US bailout plan unfair to poor http://malaysia.news.yahoo.com/rtrs/20080928/tbs-brazil-us-crisis-7318940.html

080928 - B&B and Fortis both in crisis http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4837674.ece

080928 - Bailout failure 'will cause US crash’ http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3094318/Bailout-failure-will-cause-US-crash.html

080929 - House defeats $700B financial markets bailout http://www.breitbart.com/article.php?id=D93GHUAG2&show_article=1

080929 - House defeats $700B financial markets bailout http://news.yahoo.com/s/ap/20080929/ap_on_bi_ge/financial_meltdown_1543

080929 - House rejects bailout as fear grips markets http://www.reuters.com/article/topNews/idUSTRE48S75Q20080929

080929 - US stocks-Wall St sinks as House rejects bailout bill http://www.reuters.com/article/marketsNews/idCAN2939320020080929?rpc=44

080929 - Global Markets-U.S. stocks plunge on bailout vote, debt soars http://www.reuters.com/article/marketsNews/idINN2939243220080929?rpc=44

080929 - Democrats to try again on bailout http://www.reuters.com/article/politicsNews/idUSTRE48S76Y20080929?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

080929 - Fed Pumps Further $630 Billion Into Financial System http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide

080929 - How allies of George Soros helped bring down Wachovia Bank http://www.americanthinker.com/2008/09/how_allies_of_george_soros_hel.html

080929 - Bankruptcy, not bailout, is the right answer http://www.cnn.com/2008/POLITICS/09/29/miron.bailout/index.html?iref=mpstoryview

080929 - Central banks pump in $620bn as shares plummet http://business.timesonline.co.uk/tol/business/markets/article4844255.ece

080929 - Citigroup to buy Wachovia banking operations http://www.breitbart.com/article.php?id=D93GH7O84&show_article=1

080930 - Talk radio holds firm over "socialist" bailout http://www.reuters.com/article/topNews/idUSTRE48T5Y020080930?feedType=RSS&feedName=topNews&rpc=22&sp=true

080930 - Lawmakers scramble to revise bailout bill http://www.breitbart.com/article.php?id=D93H6MG00&show_article=1

080930 - Europe rescues more banks as U.S. rejects bailout http://news.yahoo.com/s/nm/20080930/us_nm/us_financial3_15

080930 - Western world will become significantly less wealthy http://www.telegraph.co.uk/finance/comment/edmundconway/3105965/Financial-crisis-Western-world-will-become-significantly-less-wealthy.html

080930 - Latin America leftists slam U.S. on financial crisis http://www.reuters.com/article/marketsNews/idUSN3045652320080930

080930 - America Loses Its Dominant Economic Role http://www.spiegel.de/international/world/0,1518,581502,00.html [The German take on things, from Der Spiegel]

080930 - Soros floats alternative bailout plan with Dems http://thehill.com/leading-the-news/soros-floats-alternative-bailout-plan-with-dems-2008-09-30.html

080930 - Is testosterone to blame for the financial crisis? http://www.sciam.com/blog/60-second-science/post.cfm?id=is-testosterone-to-blame-for-the-fi-2008-09-30

080930 - World leaders look to US for salvation as economies near abyss http://www.breitbart.com/article.php?id=080930121824.24k1fx4j&show_article=1

081001 - Vladimir Putin lashes US for economic failures http://www.timesonline.co.uk/tol/news/world/europe/article4860827.ece

081001 - Why propping up banks will not rescue a debauched financial system http://www.telegraph.co.uk/finance/comment/jeffrandall/3112269/Why-propping-up-banks-will-not-rescue-a-debauched-financial-system.html

081003 - Congress OKs historic bailout bill; Bush signs it http://www.breitbart.com/article.php?id=D93J70O00&show_article=1

081003 - Stocks end lower amid worries after House OKs plan http://biz.yahoo.com/ap/081003/wall_street.html?.v=27

081003 - French PM says world 'on edge of abyss' http://in.reuters.com/article/businessNews/idINIndia-35785920081003

081003 - Schwarzenegger to U.S.: State may need $7-billion loan http://www.latimes.com/business/la-fi-calif3-2008oct03,0,5726760.story?track=rss

081003 - Wells Fargo's Wachovia Bid Sparks Feud With Citigroup http://www.bloomberg.com/apps/news?pid=20601087&sid=a3kLqJLWovqw&refer=worldwide

081006 - Wall Street tumbles amid global sell-off http://www.breitbart.com/article.php?id=D93L6K8O0&show_article=1

081006 - Markets routed in global sell-off http://www.ft.com/cms/s/0/c9a27b24-93d1-11dd-b277-0000779fd18c.html?nclick_check=1

081006 - U.S. urges global action on credit crisis http://www.reuters.com/article/gc06/idUSTRE4954BI20081006?sp=true

081006 - Bush: Financial rescue plan will take some time http://www.breitbart.com/article.php?id=D93L3O100&show_article=1

081006 - Frank says GOP housing attacks racially motivated http://www.breitbart.com/article.php?id=D93LAKT01&show_article=1

081006 - Pope says world financial system 'built on sand' http://www.timesonline.co.uk/tol/comment/faith/article4893190.ece

081006 - Germany takes hot seat as Europe falls into the abyss http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3141428/Germany-takes-hot-seat-as-Europe-falls-into-the-abyss.html

081006 - Germany considers national financial "shield" http://www.breitbart.com/article.php?id=D93L35HO1&show_article=1

081006 - Jim Cramer: Time to get out of the stock market http://www.msnbc.msn.com/id/27045699/

081006 - European Crisis Deepens; Officials Vow to Save Banks http://www.bloomsberg.com/apps/news?pid=20601068&sid=aIcEL0jjSK74&refer=home

081006 - Stocks zigzag, end lower after emergency rate cut http://biz.yahoo.com/ap/081008/wall_street.html?.v=23

081006 - Lehman's Fuld: Where was our bailout? http://news.yahoo.com/s/nm/20081006/bs_nm/us_financial_lehman

081007 - FTSE 100 heads for sharpest fall since 1987 http://www.telegraph.co.uk/finance/markets/3146097/FTSE-100-heads-for-sharpest-fall-since-1987.html

081007 - Official says pension funds are down $2 trillion http://www.breitbart.com/article.php?id=D93LQAA80&show_article=1

081007 - Banks in crisis as billions wiped off share prices http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3150626/Banks-in-crisis-as-billions-wiped-off-share-prices.html

081007 - 'Your company is bankrupt, you keep $480m. Is that fair?' http://www.guardian.co.uk/business/2008/oct/07/lehmanbrothers.banking

081007 - Prime Minister calls meeting with finance chiefs after nightmare day for banks http://business.timesonline.co.uk/tol/business/economics/article4898553.ece

081007 - George Bush to summon leaders to emergency finance summit http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3153999/George-Bush-to-summon-leaders-to-emergency-finance-summit.html

081008 - Rescue plan for UK banks unveiled http://news.bbc.co.uk/2/hi/business/7658277.stm

081008 - McCain pledges homeowner help; Obama blames Bush policies: Seeks to buy up bad mortgages; Obama blames Bush for crisis http://washingtontimes.com/news/2008/oct/08/mccain-would-buy-bad-homeowner-mortgages/

081008 - Job Creators Prefer John McCain 4-to-1 Over Barack Obama http://www.chiefexecutive.net/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications%3A%3AArticle&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=67E20819CD7646C3B380AD60BB17EFAA

081009 - Stocks fluctuate as economic worries dog investors http://www.breitbart.com/article.php?id=D93N1TFG0&show_article=1

081009 - Dow Closes Below 8,600, First Time Since 2003 http://moneynews.newsmax.com/headlines/dow_industrials/2008/10/09/138992.html?promo_code=2A89-1

081009 - OPEC to hold emergency meeting on oil prices http://apnews.myway.com/article/20081009/D93N6TR80.html

081010 - U.S. Stocks Drop in Rollercoaster Day; Dow Swings 1,000 Points http://www.bloomberg.com/apps/news?pid=20601103&sid=a9x54m7CNXTs&refer=us

081010 - Wall Street ends mixed after week of massive losses; Dow swings over 1,000 pts http://biz.yahoo.com/ap/081010/wall_street.html

081010 - Dow may drop 50% from top http://www.nypost.com/seven/10102008/business/dont_look_dow_n__133022.htm

081010 - Market crash shakes world http://www.ft.com/cms/s/0/a0eac1e2-96f0-11dd-8cc4-000077b07658.html

081010 - The week that panic stalked the markets http://www.ft.com/cms/s/0/8a367036-96f5-11dd-8cc4-000077b07658.html

081010 - World Bank Under Cyber Siege in 'Unprecedented Crisis' http://www.foxnews.com/story/0,2933,435681,00.html

081010 - World finance chiefs grasp for solutions in firestorm http://www.breitbart.com/article.php?id=081010152046.2hdfa805&show_article=1&lst=1

081010 - Berlusconi Says Leaders May Close World's Markets http://www.bloomberg.com/apps/news?pid=20601087&sid=aP5mpMUORBWM

081010 - G-7 Officials Say No `Harmonized' Response to Crisis http://www.bloomberg.com/apps/news?pid=20601068&sid=a98w5yhMHTyw&refer=economies

081010 - Australia Stocks Crash in Biggest Fall Since 1987; Banks Tumble http://www.bloomberg.com/apps/news?pid=20601081&sid=a05Sk0.w94RY&refer=australia

081010 - Asian Stocks Plunge; Japan's Nikkei Has Worst Week on Record http://www.bloomberg.com/apps/news?pid=20601080&sid=axugHb0.HjVw&refer=asia

081010 - China stiffing America for $100 billion in debt: Yet U.S. taxpayers helping Beijing as part of trillion-$ credit bailout http://wnd.com/index.php?fa=PAGE.view&pageId=77687

081010 - Ex-president Carter slams Bush on market crisis http://www.reuters.com/article/topNews/idUSTRE4993TS20081010?feedType=RSS&feedName=topNews&rpc=22&sp=true

081010 - The End Of American Capitalism? http://www.washingtonpost.com/wp-dyn/content/article/2008/10/09/AR2008100903425_pf.html

081011 - Financial crisis: sales of mackerel boom as shoppers tighten their belts http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3173488/Financial-crisis-sales-of-mackerel-boom-as-shoppers-tighten-their-belts.html

081011 - Tax rebate, food stamp money possible in aid plan http://apnews.myway.com/article/20081011/D93OHKO80.html

081012 - Bailout push included threat of martial law: Congressman says several colleagues got message before vote http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=77860

081012 - Buyout bosses gather in Dubai as crisis continues http://www.reuters.com/article/innovationNews/idUSTRE49C0CU20081013

081012 - Wall Street woes worry TV industry http://www.variety.com/article/VR1117993829.html?categoryid=1236&cs=1

081013 - Royal Bank of Scotland under state control http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article4932250.ece

081014 - Stocks pull back as investors take profits after government plan to buy stakes in US banks http://biz.yahoo.com/ap/081014/wall_street.html

081014 - U.S. to Buy Stakes in Nation's Largest Banks http://online.wsj.com/article/SB122390023840728367.html

081015 - Smaller Banks Resist Federal Cash Infusions http://www.washingtonpost.com/wp-dyn/content/article/2008/10/14/AR2008101403378_pf.html

081015 - U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns http://www.bloomberg.com/apps/news?pid=20601087&sid=ayP8wh6zrim8&refer=worldwide

081015 - Global crisis 'failure of extreme capitalism': Australian PM http://www.breitbart.com/article.php?id=081015113127.9uzhf7lf&show_article=1

081015 - Democrats Mull $300 Billion Stimulus http://online.wsj.com/article/SB122402768546534409.html?mod=article-outset-box

081015 - Feds investigate Washington Mutual failure http://www.reuters.com/article/newsOne/idUSTRE49E9C620081015

081016 - OpenGate buys TV Guide for $1 http://www.variety.com/VR1117994200.html

081018 - Bush to Call World Summit to Address Economic Crisis http://www.foxnews.com/story/0,2933,440481,00.html

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