Archive for the ‘economic armageddon’ Category

International Governments Conspire To Rig Financial Markets (Says New York Post)

Friday, February 15th, 2008

If you still don't believe me that the US government has an organization called the Plunge Protection Team that intervenes in the stock market, consider this:* A former Federal Reserve official proposed just such a market-rigging operation decades ago.* US Treasury Secretary, Hank Paulson, publicly brags ...

Plan to Rescue Bond Insurers Is Outlined

Friday, February 15th, 2008

'WASHINGTON (Reuters) - The recapitalization of bond insurers hit by the subprime crisis may occur soon, but if it fails, insurers can be forced to separate riskier activities from their municipal bonds business, New York State officials said Thursday. '"The clear preference is a recapitalization of the ...