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Calling Paulson's Bluff | Corporate Accountability and WorkPlace | AlterNet - News Articles

By Robert Kuttner, Huffington Post. Posted September 22, 2008. Treasury Secretary Hank Paulson spent the past two weeks playing a game of chicken with firms like Lehman Brothers and A.I.G. Now he is playing even higher-stakes chicken with Congress and the economy. Paulson's ...   [click for more]

Risky Mortgages Led to Fannie and Freddie Crash - Washington Post - MSN Newsfeeds

The regulator overseeing Fannie Mae and Freddie Mac today gave its most detailed explanation yet behind the government's seizure of the mortgage finance giants, saying the companies ultimately could not continue to cover mortgage losses without ...    [click for more]

Calls for international community to flush the system | The Australian - News Articles

THE credit that makes the global capitalist system go round has seized up. Its Wall Street share market temple has lost 40 per cent in value from its peak. Governments in the US and Europe have had to bail out their banking systems with increasingly desperate measures. The ...   [click for more]