Saying Outlook Has Worsened, Bernanke Hints at Cut

Bank of America Raises $10 Billion After Dividend Cut Oct. 8 (Bloomberg) – Bank of America Corp. raised $10 billion to shore up capital after reporting a 68 percent drop in third-quarter profit and cutting its dividend. ... Continue reading

Prophecy Unfolding

AW Clausen, President of Bank of America, in a response to the suggestion of a global central bank. [Clausen later became the President of the World Bank]. “Once a nation parts with control of its currency and credit, it matters not who ... Continue reading

CRASH TALK

Earlier this year, they sued subprime lender Countrywide Financial (now owned by Bank of America) and have now gotten the company to disgorge some of its ill-gotten gains tied to the subprime mortgages it was peddling. ... Continue reading

Project Censored's Media Democracy Advocacy

In 1986, spying on US Central American policy critics took top honors, followed by the Reagan administration's official policy of suppressing information from the public - with near-silence from the dominant media. ... Continue reading

Debt Rattle, October 10 2008: Good Night America

As many as 16 banks, including UBS AG, Citigroup Inc. and Bank of America Corp., report the rates they think they can borrow at in 10 currencies and maturities ranging from overnight to one year. The concept of a centralized dollar rate ... Continue reading

The Consumer hits the wall:

After the market closed today, Bank of America announced a significant deterioration in people’s ability to repay credit-card and other consumer debt. The central fact is this: consumers in the real economy are coming to the end of ... Continue reading

Halloween Canceled - No Poisoned Kids at Least!

THE Treasury Department is now thinking about using some of the $700 billion it has been given to rescue Wall Street to buy ownership stakes in American banks. The idea is that banking is so central to the American economy that the ... Continue reading

BAILOUT IS FUTILE AS AMERICA CRUMBLES

It is not inconceivable that the US will end up with four giant banks: JP Morgan Chase, Citicorp, Bank of America, and Wachovia Wells Fargo. If defaulting credit card debt then assaults these banks’ balance sheets, who is there to take ... Continue reading

Nuke Nanoseconds and Unprecedented Victory for Indian Peasantry ...

The US Council for World Freedom was part of an international organization linked to former Nazi collaborators and ultra-right-wing death squads in Central America. The council's founder, retired Army Maj. Gen. ... Continue reading

Emergency Global Interest Rate Cuts

Technorati Tags: investing, stock market, rate cut, central bank, shaun carter, interest rate, dow jones, bank of america, put option, short, etf. a. Emergency Global Interest Rate Cuts. Continue reading