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According to the New York Times, the Bush Administration has lost valuable time in coming to grips with the American financial crisis for ideological reasons. The rot started when the US Treasury decided not to use taxpayer money to save Lehman...
Tags: Global financial crisis, Bush Administration, Belated Measures, USA
America leads desperate global action as waves of panic lash stocks Oct. 8: Central banks around the world cut interest rates in unison this evening in the first such collective response to the global financial crisis which sent fresh waves of panic...
Tags: global financial crisis, stock markets, interest rates, stock market, stock, banks, currency, dollar, rupee, irs
According to the NYT, when the Bush administration brought out its $700 billion bailout two weeks ago, its sheer size was meant to restore confidence nationally and globally. But only three days after the plan became law, “it looks like a pebble...
Tags: US Financial Crisis, Bailout, Global Financial Crisis, Recession