Keegy United States - NewsJunk.com: [Max Hastings]: Seize their Porsches and throw them in jail!

[Max Hastings]: Seize their Porsches and throw them in jail!

How can the real world get through to these people that they are not success stories, winners, masters of the universe but failures, losers, impresarios of misery? Why should banking be singled out, to be rewarded differently from every other form of human endeavour? ...

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NewsJunk.com — March 23

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[Felix Salmon]: Revolution in the Air

Might we might be seeing the first real rumblings of class warfare -- the genuine article, not the Republican talking-point -- in this country? ...

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NewsJunk.com — March 23

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[NYT]: Sweden Says No to Saving Saab

The Swedish government has responded to Saab's desperate financial situation by saying, essentially, tough luck. Or, as the enterprise minister, Maud Olofsson, put it recently, "The Swedish state is not prepared to own car factories." ...

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NewsJunk.com — March 23

2 Votes vote

[WSJ]: Geithner: My Plan for Bad Bank Assets

The financial system as a whole is still working against recovery. Many banks, still burdened by bad lending decisions, are holding back on providing credit. Market prices for many assets held by financial institutions -- so-called legacy assets -- are either uncertain or depressed. With these pr...

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NewsJunk.com — March 23

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[Reuters]: Obama says risks still haunt U.S. financial system

The U.S. financial system still faces risks requiring government intervention to avoid a more destructive recession, President Barack Obama said, before a critical week of fleshing out and selling his recovery plan. ...

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NewsJunk.com — March 22

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[Politico]: Kroft to Obama: Are you punch-drunk?

The interview is Obama's most detailed explanation yet of his view of the world economic crisis, and he makes clear that he's afraid the nation hasnt seen the worst of it -- even invoking the possibility of a 'depression' if a series of financial institutions...

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NewsJunk.com — March 22