Tag: bankrupt
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econocrash: bombs, bailouts, banksters & biden
how did america fall so fast?*billionaire, executives charged with insider trading; including intel & ibm*cali bank becomes 99th in US to be shut in 2009*canadian dollar climbs toward parity with dollar; 14-month high*russia & iran now officially talking of dumping dollar for intl trade*nytimes to cut 100 newsroom jobs*22 reasons why this recession is different…
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econocrash: dead malls, dead dollars & dead ceo’s
the world’s largest shopping mall – is empty*uk faced ‘bank runs, riots’ as rbs & hbos neared collapse*timmy’s telephone travesty:geithner only talks to goldman, citi & morgan*’death bonds’: wall street’s shocking new plan to reap billions off dying americans*kaptur: there has been a financial coup d’etat*US dollar: condition terminal*dollar reaches breaking point; banks shift reserves*gold:…
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econocrash: 10 looming bankruptcies + fdic & unemployment
10 big companies teetering towards bankruptcy from business insider: A new report by Audit Integrity identifies some high-profile names “that have the highest probability of declaring bankruptcy among publicly traded firms.” … 1. Hertz: When you have tons of debt financing your fleet of cars, falling rental demand really hurts. 2. Textron:What a tough time…
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Econocrash: Yes We Cannabis! + Blockbusted & Breadlines
Some people cancel holidays abroad, others stage yard sales or start shopping at low-cost supermarkets. To that list must now be added a new way to get through economic hard times: grow cannabis.
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9/10 newspurge: everything else & after
a year after financial crisis, a new world order emerges // from a porch in montana, low-power radio’s voice rises // s carolina rep wilson shouts ‘you lie’ at obama // mock hijacks play out over canada & US // ground broken on $3.4b homeland security complex
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econocrash: the fed, graves, reader’s digest & diy tobacco
jobless spike compounds foreclosure crisis*no wonder the poker game is ending:the wealthiest have taken all of the chips*fed running low on ammo*colonial bancgroup fails, sold to bb&t*is bank of montreal, canada’s 4th largest bank, about to crash?*US preparing to prosecute 150 ubs account holders*pressed to dig up cash, owners market their cemetery plots*americans: serfs ruled…
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econocrash: sachs attack, dollar death & the fdic
US mortgage fraud soared in 2008 & still growing, says fbi programmer out on bail after stealing software that runs goldman sachs’ automated trading systemsfrom reuters: A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said…
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econocrash: california, classwar & a banking dictatorship
US cities may have to be bulldozed in order to survive*how long can the dollar last as world’s reserve currency?*florida mother secretly lives in home for sale*japan probes report 2 seized with undeclared bonds*video: judgment day: broke california faces shutdown at schwarzenegger’s hands*can the US govt afford to let cali fail?*financial bailout plan keeps zombie…
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econocrash: the depression quietly deepens
we will never know the true inside story of what really went on*obama promises summer speedup of economic effort*white house had long planned gm & chrysler bankruptcies*paulson’s secret talking points reveal that banks were forced to surrender ownership stakes to govt*obama officials: no ‘magic bullet’ for auto companies*boston globe workers reject plan*nytimes hires goldman sachs…
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econocrash: shoplifting, outsourcing & obamavilles
shoplifting growing in poor economy china has ‘canceled US credit card’from afp: China, wary of the troubled US economy, has already “canceled America’s credit card” by cutting down purchases of debt, a US congressman said Thursday. China has the world’s largest foreign reserves, believed to be mostly in dollars, along with around 800 billion dollars…
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econocrash: chrysler files for bankruptcy, will get $8b more
from reuters: Chrysler LLC filed for bankruptcy on Thursday after talks to restructure its debt with lenders broke down. Despite intense negotiations over the past few weeks, Chrysler failed to gain the full support from its lenders to avoid the first-ever bankruptcy filing by a major U.S. automaker. At the same time, Chrysler as expected…