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Jan 21 photo by dvergur The current PM says he will not run. This is a direct result of their financial crisis and the growing protests. From Perspective Peaceful and prosperous were two words you would have used to describe Iceland. Now the island faces ruin as the credit crunch has wiped out [...] The Iceland Parliament has been stormed, with bonfires set outside it. The siege continues. “Beware the fury of a patient man.” The Russian government has given up trying to prop up its sagging ruble, and will instead do a “dirty float” “A dirty float would look like it was a free market but the central bank would still have a measure of control” By doing this, their central bank has already admitted they’ve lost control. Anyway, [...] One of the world’s leading investors voiced the markets’ concerns. Jim Rogers, of the Singapore-based Rogers Holdings and co-founder of the Quantum fund with George Soros, told Bloomberg Television: “I would urge you to sell any sterling you might have. It’s finished. I hate to say it, but I would not put any money in [...] The chart is in descending order by %Chg. Note that these are one day changes in price. State Street announced a 71% drop in quarterly income and got decimated. Bank of America and Citigroup are both on life support and probably bankrupt. Nationalization is coming. [...] The Royal Bank of Scotland Group just said, whoopsie, we might lose as much as 28 billion pounds, so the government is bailing them out. Again. I Want My Bailout Money by Michael Adams the Health Ranger is available as a free download from his website. I want my bailout money Keep the bills coming Sweet green cash just drippin like honey I’m a new kind of thug with a Washington buzz ’cause Dealing debt pays better than dealing drugs [...] Hey, even a small stock trader like me can see how the markets often seems rigged. Toss into the mix that ethically and financially bankrupt (former) investment banks get billions tossed at them by the government while giant Ponzi schemes and ripoffs ala Madoff and Dreier destroy the financial resources of many – and [...] With billions of Option ARMs due for recast in 2009 and 2010 another crisis is on the making. But this time problems are expected to be more pronounced than the subprime crisis since the economy is already nearing its trough, the consumer confidence has slumped to an all time recent history low and financial [...] |  | ||||
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