Credit Finance

It would be funnier if it wasn’t so true

www.voteforchange.com I guess when Obama proves he can buck his party on some of the biggest issues of the day, including trade and involving Bill Clinton’s own legislation, the Republicans and John McCain and Sarah Palin would figure out that lying about it gets them no-where. But when you have no agenda yourself - and have a ticket that has claims Nations Security Experience is knowing about oil, and that being versed in International Relations is being able to see Alaska, you have some bigger problems than you want people to realize. John McCain is wreckless, has shown his lack of thoughtful decision making and proves every day that he lies more than George Bush lied - and that is VERY hard to do. Do you REALLY want the next 8 years to be a repeat of the lies and hidden information of the current White House. The very same administration folks involved in the Bush campaign have their fingers all over the McCain campaign - and if you think they don’t want something out of it, think again. Big oil, corporate finance and credit card lobbyists, drug companies and the like - all anti-job, low-wage freeloaders who have NO idea of what it is like to struggle in America. None. Did you know that a survey of the delegates at the Replican National Convention showed that a full 80% of them thought that George Bush was doing a good job? Does that tell you whether the Republican Party can fix this country? If you can’t see the problem and admit it, how can you fix it? Vote …

www.pbs.org Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org

The Government is watching the global financial crisis closely and will react swiftly to the needs of the market and steps would be taken to pump in cash if required, said Finance Minister P Chidam… The Government is watching the global financial crisis closely and will react swiftly to the needs of the market and steps would be taken to pump in cash if required, said Finance Minister P Chidambaram on Wednesday. “We wish to assure the people of India that the Indian economy has the capacity and the resilience to weather the storm that is blowing across the world,” Chidambaram said after a meeting of the Union cabinet to review the economic situation. “We have enough instruments to ensure the stability of the Indian financial system and we will continue to provide credit and other support for the growth of the Indian economy,” he said reading out a two-page statement adopted in the Cabinet meeting.

www.pbs.org Economics correspondent Paul Solman explains what is behind the subprime market and how it has impacted the financial world. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org

www.americanprogress.org Center for American Progress Senior Fellow Christian Weller joined CNBC to discuss the prospect that US economic troubles could result in the US dollar falling out of favor and the Euro emerging as the international currency of choice.

www.pbs.org After the US business world had been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollarb - Paul Solman explained the factors that led to the downturn. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org

www.pbs.org After the US business world had been hit with troubling economic news, ranging from the subprime mortgage crisis to the Bear Stearns bailout to the plummeting value of the dollar - Paul Solman explained the factors that led to the downturn. Ask Paul questions about the continued collapse of the financial markets through the NewsHour’s Business Desk at: www.pbs.org

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Barry Eichengreen - renowned professor of Economics and Political Science at the University of California Berkeley, former senior advisor to the IMF, author of “Globalizing Capital: A History of the International Monetary System”, and editor of “Rescuing our Jobs and Savings: What G8 Leaders can do to Solve the Global Credit Crisis” - provides a detailed overview of the financial crisis. He discusses at length: (a) the excessive risk undertaken by a variety of financial institutions as a result of gradual deregulation of financial services sector in the second half of 20th century; (b) the role of both Republican and Democratic parties in maintaining deregulation policies following introduction of US President Ronald Reagan’s “free markets” ideology in 1980; (c) the inability of the US to properly manage or channel massive capital inflows from the developing world - especially China - during the last decade; (d) the failure of Bush administration to mount an adequate response to the financial crisis on account of its initial state of denial, financial engineering mindset, and “free markets” ideology; and (e) actions - such as, interest rate increases, deficit reduction, recapitalization of banks, and economic stimulus - that would have greatly mitigated the severity of the financial crisis. In addition, he dwells on: (f) the impact of the financial crisis on American power and globalization, as well as (g) the nature of institutional reforms required at global level to …