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Credit Crunched UK: The Year of Cockeyed Economic Optimism Amidst a Fake Recovery

http://creditcrunchedoutinuk.blogspot.com/2009/04/year-of-cockeyed-economic-optimism.html

Friday, 17 April 2009. The Year of Cockeyed Economic Optimism Amidst a Fake Recovery. As for the recovery, market analyst Edward Harrison sums it up like this:. Wells Fargo and Co., the second biggest U.S. home lender, may need $50 billion to pay back the federal government and cover loan losses as the economic slump deepens, according to KBW Inc.’s Frederick Cannon. 8220;Details were scarce and we believe that much of the positive news in the preliminary results had to do with merger accounting, revised...

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Credit Crunched UK: IMF warns over parallels to Great Depression

http://creditcrunchedoutinuk.blogspot.com/2009/04/imf-warns-over-parallels-to-great.html

Friday, 17 April 2009. IMF warns over parallels to Great Depression. The International Monetary Fund has warned of "worrisome parallels" between the current global crisis and the Great Depression, despite the unprecedented steps already taken by central banks and governments worldwide. The free-fall in the global economy may be starting to abate, with a recovery emerging in 2010, but this depends crucially on the right policies being adopted today.". Mr Strauss-Kahn called for a urgent action to "cleanse...

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Credit Crunched UK: Video: Bill Black on Goldman Sachs, accounting tricks & angry taxpayers

http://creditcrunchedoutinuk.blogspot.com/2009/04/video-bill-black-on-goldman-sachs.html

Wednesday, 15 April 2009. Video: Bill Black on Goldman Sachs, accounting tricks and angry taxpayers. Posted by CreditCrunched UK. William k. black. Subscribe to: Post Comments (Atom). Will the UK`s mounting debt see it have to go to the IMF? There was an error in this gadget. Subscribe Now: Feed Icon. Subscribe in a reader. Budget 2009: Gordon Brown declares class war with . Traders Mounting Speculative Attack on U.S. Bank. Obama Heads the Largest Criminal Enterprise in His. Is This the Bottom? How to Lo...

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Credit Crunched UK: Traders Mounting "Speculative Attack" on U.S. Banks

http://creditcrunchedoutinuk.blogspot.com/2009/04/traders-mounting-speculative-attack-on.html

Thursday, 23 April 2009. Traders Mounting "Speculative Attack" on U.S. Banks. After six horrific quarters, several major U.S. banks finally reported profits. So is it time to celebrate? No, says Simon Johnson, a senior fellow at the Peterson Institute, professor at MIT’s Sloan School of Management, and co-founder of the popular economics blog, BaselineScenario. In fact, if we're not careful, we'll find ourselves in another Great Depression. Posted by CreditCrunched UK. Subscribe to: Post Comments (Atom).

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Credit Crunched UK: Max Keiser: The British pound is doomed

http://creditcrunchedoutinuk.blogspot.com/2009/04/max-keiser-british-pound-is-doomed.html

Wednesday, 15 April 2009. Max Keiser: The British pound is doomed. Posted by CreditCrunched UK. Subscribe to: Post Comments (Atom). Will the UK`s mounting debt see it have to go to the IMF? There was an error in this gadget. Subscribe Now: Feed Icon. Subscribe in a reader. Budget 2009: Gordon Brown declares class war with . Traders Mounting Speculative Attack on U.S. Bank. Obama Heads the Largest Criminal Enterprise in His. Britain Sleep Walks Into a Police State as Politic. Is This the Bottom? Lloyds ba...

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Credit Crunched UK: Britain Sleep Walks Into a Police State as Political Dissent is Criminalised

http://creditcrunchedoutinuk.blogspot.com/2009/04/britain-sleep-walks-into-police-state.html

Monday, 20 April 2009. Britain Sleep Walks Into a Police State as Political Dissent is Criminalised. 8220;From foul deeds endless tragedy arises,” the World Socialist Web Site wrote, commenting on the state execution of innocent Brazilian worker, Jean Charles de Menezes, by plainclothes policemen on a London subway train on July 22, 2005. The implications of this have been made clear over the last weeks. Maintaining public order is now a pseudonym for the criminalising of political dissent. Beginning Apr...

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Credit Crunched UK: Nine building societies have credit ratings downgraded

http://creditcrunchedoutinuk.blogspot.com/2009/04/nine-building-societies-have-credit.html

Thursday, 16 April 2009. Nine building societies have credit ratings downgraded. Nine of Britain’s biggest building societies, including Nationwide, have had their credit ratings downgraded in anticipation of further pain to come in the UK housing market. As well as Nationwide, Moody’s downgraded Chelsea Building Society, West Bromwich, Principality, Newcastle, Skipton, Yorkshire, Norwich and Peterborough and Coventry. Some are considering challenging their ratings with Moody’s. The bank is the first big...

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Credit Crunched UK: Halifax to rescue borrowers in negative equity with 120pc remortgages

http://creditcrunchedoutinuk.blogspot.com/2009/04/halifax-to-rescue-borrowers-in-negative.html

Wednesday, 15 April 2009. Halifax to rescue borrowers in negative equity with 120pc remortgages. One of Britain's biggest mortgage lenders is offering loans of as much as 120pc of the property value to existing customers coming to the end of their current deal. HBOS, which is part of Lloyds Banking Group, will consider offering a new mortgage to customers in negative equity whose existing deal, such as a fixed rate, is about to expire. Brokers said they believed HBOS to be the only major lender offering ...

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Credit Crunched UK: April 2009

http://creditcrunchedoutinuk.blogspot.com/2009_04_01_archive.html

Thursday, 23 April 2009. Budget 2009: Gordon Brown declares class war with tax on high earners. Gordon Brown has been accused of launching a "class war" against Middle Britain as he introduced a new 50 per cent top rate of tax to make the wealthy pay for the catastrophic state of public finances. Casting aside more than a decade of New Labour ideology, the government broke a key election manifesto promise by announcing an increase in income tax for those earning more than £150,000. It was also suggested ...

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Credit Crunched UK: Budget 2009: Gordon Brown declares class war with tax on high earners

http://creditcrunchedoutinuk.blogspot.com/2009/04/budget-2009-gordon-brown-declares-class.html

Thursday, 23 April 2009. Budget 2009: Gordon Brown declares class war with tax on high earners. Gordon Brown has been accused of launching a "class war" against Middle Britain as he introduced a new 50 per cent top rate of tax to make the wealthy pay for the catastrophic state of public finances. Casting aside more than a decade of New Labour ideology, the government broke a key election manifesto promise by announcing an increase in income tax for those earning more than £150,000. It was also suggested ...