The financial sector has hailed the first green shoots of recovery, following the surprise announcement that mortgage approvals had unexpectedly risen for December 2008. The rise, announced by the Bank of England today, shows that mortgage lending...
Zimbabwe, the funny little African country where inflation triples every five minutes, has abandoned its currency, and will, from tomorrow - or maybe even tonight - trade in buttons. President of Zimbabwe, the Dr Robert Mugabe, announced the chang...
Gordon Brown today announced that the common belief that "two wrongs do not make a right" is actually false. The UK has plunged itself into a debt fuelled recession following years of increasing personal debt. Many of the UK's problems were cause...
US stocks dropped across the board Monday after a US banking giant announced a massive Wall Street cull with a record 250,000 broker 'kill' permits issued amid concerns of a deepening you-know-what. The firm said that it hoped to eliminate about...
Scotland - (Holy Ass Mess): Ex-HBOS deputy CEO Sir Peter Burt spoke today about how former wannabe business partner Rev Pat Robertson warned him about the Almighty's wrath 'on those dark lands overrun by homosexuals'. "At the time he was referring...
The recent implosion of international banking institutions has been welcomed by one section of the community: taxidermists. These denizens of animal dermatology are only too happy to advise victims of the credit squeeze to get stuffed. Recommendi...
In total contrast to the decline in World Markets the Baghdad Stock Exchange reports a huge rise in inward investments with dramatic gains on the Index as Investors and Commodity Dealers turn to sand. Iraq has huge reserves of sand which is cons...
Prime minister Gordon Brown has announced a declaration of war on supermarket chain Iceland. Advertising figurehead Kerry Katona has also been placed under house arrest under suspicion of treason. Mr Brown commented: "Due to current global f...
Manchester City, the world's richest football club, and their city rivals, Manchester United, are to be included in the latest edition of the popular financial property game for players of all ages, Monopoly. It's the first time that clubs have be...
In an effort to ride the financial storm, the Bradford and Bingley Building Society has decided to change direction. From tomorrow, the building society will no longer have anything to do with savings, finance or buildings and is moving into sell...
In the midst of the recent problems on Wall Street, Barack Obama has experienced a surge in the polls. America, it seems, feels more comfortable with Obama than John Mccain when it comes to handling a financial crisis. "I definitely will be vot...
Lloyds TSB is to merge with the troubled HBOS, creating a banking giant that will hold almost a third of UK customers' savings and mortgages. Economists have reacted by advising investors to immediately withdraw their savings from the new company.
Extraordinary events in the US Finance market this morning, as beleagured UK building society, the Bradley & Bingley, made a successful takeover bid of the troubled Freddie Mac and Fannie Mae mortgage giants. The US companies guarantee or own...
The financial world awoke to reports that an unnamed individual in an undisclosed executive position at an unspecified corporation may have been involved in corrupt, immoral or unscrupulous dealings of some sort. Although details remain patchy, the...
There was shock and astonishment in the New York's Wall Street financial sector yesterday, as two of its most renowned and important figures, Freddie Mac and Fannie Mae took a tumble, prompting US President Georg...
Senator John McCain took direct aim at previous administrations on Thursday as he stood in the lower gallery of Wall Street Stock Exchange, the area hardest hit by the Crash of 1929, and declared that "never again will a disaster of this...
The fact that marine turtles are emerging healthy and buying stock is an excellent indicator of how the effects of the credit and subprime mortgage crises might ultimately effect people, especially those living in the coastline tourist and travel des...
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