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ANGELA CHARLTON and EMMA VANDORE Associated PressOctober 14, 2008 PARIS - Europe put $2.3 trillion on the line Monday to protect the continent’s banks, a figure that dwarfs the Bush administration’s $700 billion rescue program, in its most unified response yet to the global financial crisis afte...

Adrian Douglas GoldseekOcorber 12, 2008 Imagine a country such as Venezuela announced that it was bailing out an investment bank, then just days later said it was nationalizing its mortgage industry, and then just days later that it was bailing out its biggest insurance company, and then just da...

Reduters October 13, 2008 Money market rates eased on Monday after Europe’s central banks said they would lend commercial banks as much U.S. dollar funding as they need. In the latest joint bid to thaw frozen money markets the U.S. Federal Reserve, the European Central Bank, the Bank of England ...

Andrew Ross Sorkin The New York TimesOctober 13, 2008 In what could set an important precedent, federal officials assured a big Japanese bank that its planned investment in the embattled Wall Street giant Morgan Stanley would be protected, according to people involved in the talks. After two day...

Paul Joseph Watson Prison PlanetMonday, October 13, 2008 Private investment advisor Martin Hennecke warned this morning that the endless printing of money to bail out collapsing banks would lead to hyperinflation and the Zimbabwe-style destruction of the dollar, euro and sterling. Asked by CNBC ...

Michael Hudson CounterpunchOctober 13, 2008 We are now entering the financial End Time. Bailout “Plan A” (buy the junk mortgages) has failed, “Plan B” (buy ersatz stocks in the banks to recapitalize them without wiping out current mismanagers) is fizzling, and the debts still can’t be paid. That...

Stephen Lendman Global ResearchOctober 13, 2008 Since 9/11, the notion of an October surprise has been around. The idea going something like this. Another real or manufactured terror attack. The dominant media stokes fear. The public is again traumatized. The Bush administration pledges all effe...

Steve Watson Infowars.netOctober 13, 2008 British Prime Minister Gordon Brown has called for a new Bretton Woods system, saying that the financial crisis should be used to make world leaders agree to fresh rules and regulations under a long planned new global financial order. “Sometimes it takes...

Paul Joseph Watson Prison PlanetOctober 13, 2008 Despite the dramatic fall in gold prices from Friday’s high of around $930 an ounce to today’s current low of $830, sales of actual physical gold continues to trade for anything up to $300 over spot price, proving again that official COMEX gold fu...

Prof. Rodrigue Tremblay Global ResearchOctober 13, 2008   "The basis for optimism is sheer terror." Oscar Wilde  [After the March 2008 Bear Stears bailout] "As more firms lost access to funding, the vicious circle of forced selling, increased volatility, and higher haircuts and margin calls that...