America, Smitten with Financial Sector, Must Build True WealthSource: Common Dreams
The unemployment rate at the end of July was 9.4 percent and is expected to reach 10 percent by year's end. If part-time workers who want full-time jobs and those who have given up hope for a new job are included, the current jobless rate jumps to 16 percent.
World's Stocks Controlled by Select FewSource: Live Science
A recent analysis of the 2007 financial markets of 48 countries has revealed that the world's finances are in the hands of just a few mutual funds, banks, and corporations.
5,000 USA Rich's Worst Monday - UBS Naming Names on AccountsSource: CNBC Top News and Analysis
My Monday is pretty much planned out. Aside from a natural disaster or other altering event, assuredly my Monday will be much better than these 5,000 UBS offshore banking customers.
Hopefully there's enough to cover back tax in each.
Ameriprise Pays $17.3M To Settle SEC Charges Source: Wall Street Journal
Isn't that nice when the former parent company owner leaves you in a lurch and you get stuck with the bad karma? That's exactly what has happened to Ameriprise.
U.S. Program to Help Banks Sell Bad Assets Is HaltedSource: The New York Times
...some analysts said the banks' reluctance to clean up their balance sheets meant they were merely postponing their day of reckoning. Indeed, some analysts said government policies had made it easier for banks to gloss over their bad loans.
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Cheney: Bush Shouldn't Have Bailed Out GM Source: NewsMax
Former Vice President Dick Cheney said the Bush administration should have let General Motors go bankrupt instead of bailing out the troubled auto giant, according to The Hill.

Not so long ago we experienced one of the biggest financial expansions in American history. Credit was not only easily and readily available; it was also cheap.
Reflections on Our Toxic WasteSource: Back to basics and economic realities
In the same manner we handle toxic waste, we will handle toxic assets: we will bury them in a bad bank for 20 years and forget about them until better times arrive. This is the current world plan to jump-start our economies and credit markets; however, this plan has no future.