drosamahusein asked:

The US Government can’t help bailout Citibank without risking its AAA debt rating. If Congress approves a Citi bailout, it will be worse than the $700 billion given to Treasury/Paulson. Don’t get me wrong, bankruptcy is very bad for the financial system. But bailout then bankruptcy is even worse.

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gravel2008 asked:

Sen. Mike Gravel clarifies the confusion surrounding his bankruptcy.

http://www.gravel2008.us

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equalizershirts asked:

158-Year-Old Investment Bank Goes Belly-Up After Failed Rescue Bid; Bank Of America Takes Over Merrill Lynch

Say hello to a recession very soon!

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professorpolitics asked:

This video was created by the U.S. Government Accountability Office (GA0) and can be accessed at: http://www.gao.gov/newcomers.vid.html

It is my understanding that works done by employees of the US Government, working in their official capacity, cannot be copyrighted. I have uploaded this video because I think it is an important message that more people need to hear.

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NTDTV asked:

ZHANG:
Sanlu Group, the first reported source of the tainted milk powder scandal in China, may soon be facing bankruptcy. It’s having to recall millions of dollars worth of products and issue refunds. It may also be liable to pay hospital bills for Chinese children suffering from kidney stones.

A source quoted by Hong Kongs Ta Kong Po online paper says that Sanlu Group’s line of credit maxed out, and that local banks are refusing to loan them more money.

Bankruptcy would lead Sanlu Group to lay off about 350,000 employees nationwide.

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CBS asked:

General Motors is losing $2 billion a month and is on the brink of bankruptcy. GM, Ford and Chrysler may receive emergency financial aid for the government. Anthony Mason reports.

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Bloomberg asked:

Lehman Brothers to file for bankruptcy after suitors drop out; Bank of America to buy Merrill Lynch for $50 Billion all-stock deal; AIG seeks $40 Billion Fed loan, New York Times says;

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CharlieRose asked:

Allan Sloan, Newsweek; Kurt Eichenwald, The New York Times (via Houston, TX) /// Jason Kidd, New Jersey Nets; Byron Scott, Head Coach, New Jersey Nets

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jakoxn asked:

TIMES
Nov. 13, 2000.

Europe’s dream of promoting the euro as a competitor to the U.S. dollar may get a boost from SADDAM HUSSEIN. Iraq says that from now on, it wants payments for its oil in euros, despite the fact that the battered European currency unit, which used to be worth quite a bit more than $1, has dropped to about 82[cents]. Iraq says it will no longer accept dollars for oil because it does not want to deal “in the currency of the enemy.”

The switch to euros would cost the U.N. a small fortune in accounting-paperwork changes. It would also reduce the interest earnings and reparations payments that Iraq is making for damage it caused during the Gulf War, a shortfall the Iraqis would have to make up.

Source:
http://www.time.com/time/magazine/article/0,9171,998512,00.html

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illinoislawyer asked:

Bankruptcy Attorney Jamie Ryke from the Second Start Law Firm in Chicago Illinois and Detroit Michigan- Life after bankruptcy. Credit Cards, Wall Street Journal, Freezing Accounts, Tightening borrowing requirements

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