Globe and Mail Report on Business
October 7, 2008

A global recession may be near, but the global bear market has already arrived, and my, what teeth it has. (Keep reading…)

http://www.democracynow.org/2008/10/6/naomi_klein

AMY GOODMAN: The credit crunch is spreading to financial markets around the world. Nearly 160,000 jobs were lost here in the United States in September. That’s not including losses directly resulting from the financial meltdown. Wall Street might be breathing a little easier since Congress passed the more-than-$700-billion bailout plan Friday, but there are no signs of an easy or quick recovery. (Keep reading…)

Globe and Mail September 28, 2008

In two incredible weeks, the United States has been turned upside-down, both economically and politically. Washington is suddenly nationalizing big swaths of the financial industry, at massive cost to taxpayers. Regulations are being rewritten so quickly that the financial rulebook now resembles a gigantic dry-erase board. From one trading day to the next, the markets alternate between partying and panicking. And in the political realm, John McCain is “wearing” the mess (quite rightly, given his personal role in deregulating the financial system) while Barack Obama has surged ahead in the polls. (Keep reading…)

CounterPunch
October 2, 2008

The current finger pointing by the deregulation crowd in Congress and their ideological soul mates in the media reminds me of the 1939 film classic The Wizard of Oz. It is as though these spin masters want us to pay no attention to the government officials behind the deregulation curtain. (Keep reading…)

The Economist October 3, 2008

America’s Congress is not used to being second-guessed. But as lawmakers wrestled in the Capitol, world stock markets have been giving real-time odds on the Bush administration’s $700 billion bailout becoming law. (Keep reading…)

Winnipeg Free Press October 1, 2008

This is not the Crash of 1929 revisited, and we are not heading into a second Great Depression. No developed country this time around is going to face the 25-per-cent unemployment rate that the United States experienced in the 1930s. (Keep reading…)

Globe and Mail October 1, 2008

It doesn’t take a genius to figure out that the U.S. financial system - indeed, global finance - is in a mess. And now, with the U.S. House of Representatives having rejected the Bush administration’s proposed $700-billion bailout plan, it is also obvious that there is no consensus on how to fix it. (Keep reading…)

Special to Canadian Dimension September 27, 2008

Treasury Secretary Paulson and President Bush backed by the Democratic Congressional leadership have asked Congress for $700 billion dollars to bailout Wall Street financial institutions.  <a href="http://canadiandimension.com/articles/2008/09/27/2109/#more-2109" class="more-link">(Keep reading...)</a>

http://www.guardian.co.uk/profile/andrewclark The Guardian
September 26, 2008 (Keep reading…)

Washington Post
September 25, 2008

Now that all five big investment banks — Bear Stearns, Merrill Lynch, Lehman Brothers http://www.washingtonpost.com/ac2/related/topic/Lehman+Brothers+Inc.?tid=informline , Goldman Sachs http://www.washingtonpost.com/ac2/related/topic/Goldman+Sachs+Group+Inc.?tid=informline and Morgan Stanley http://www.washingtonpost.com/ac2/related/topic/Morgan+Stanley?tid=informline — have disappeared or morphed into regular banks, a question arises. (Keep reading…)