New York, New York - The Federal Reserve of New York just extended an additional 37.8 billion dollar line of credit to the financially troubled AIG, after it was initially lent 85 billion dollars just weeks ago. The NY Fed deemed the additional 3...
Denver, Colorado (IPP) - The United States Department of the Treasury will take over piggy banks as well as many of the nation's federally regulated banks. The plan was put into motion by George W. Bush and Secretary of the Treasury Dempsey Dumpst...
United Nations, New York (IPP) - The economies of the planet's nations fell like dominoes this week and now the Earth is being foreclosed upon. The Earth will have to move back into the asteroid belt since it can no longer afford to stay in the in...
Financial markets weakened yet further this morning, amidst fears that the world's banks could be in a meltdown situation by the weekend, and experts have warned investors not to buy into Iceland. The budget frozen foods giant has been particularl...
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...
Alistair Darling today revealed that the whole of Iceland has gone bankrupt following the collapse of the only Icelandic Bank, Landsbankinn. Thousands of people have been left without jobs as the credit crunch hit Iceland, and many more have been...
John McCain's only slightly original economic plan was poorly explained by the Repub candie at the debate in Memphis in which old Elvis left the building quite early. After scrutiny by housing experts and economists from the Hogswarts School of...
The UK government has today announced a £50billion investment plan to inject cash into UK financial institutions, offered a further £250billion in loan guarantees, and increased another lending scheme to £200billion. Despite all of this, UK banks...
The dire day of reckoning has come for all the many prestigious old financial institutions of the United Kingdom as they face the heady realization that UK people are vulnerably softened by the American bailout to tolerate their own UK bailout - "Lik...
London - (Toxic Mess): "You takin' the piss?" That was the sombre comment from one Canary Wharf trader today following the announcement that compulsory drug testing of City traders forms part of the UK government's bail-out of the banking industry.
Reykjavik, Iceland: Producers of the hit children's TV programme Lazytown, which is produced in Iceland, have retaliated over the UK Governments plans to sue Iceland's government, after the collapse of its number 2 bank Icesave which left thousands o...
NY,NY/ Wall Street Journal - The UN Security Council has voted to censure the US for exporting toxic mortgages around the world causing life threatening financial infections now being called "The Democratic Flu." The insidious ailment reportedl...
Chicago,Il./ Militant Times - The seeds of the financial meltdown are now being traced to a militant community action group that adopted and backed Barack Obama as he climbed over the backs of American Taxpayers to become a Presidential Candidate.
The Chancellor of the Exchequer, the Rt Hon Alistair Bloke, made the stark discovery earlier today that the economy might be in trouble. It appears he was listening to the Today programme on Radio 4 when the Shadow Chancellor of the Exchequer, Ozz...
Alastair Darling was left red faced today when the proposed bank bail out was postponed. The chancellor was poised to transfer £100 billion into the banking system when he suddenly realised he had forgotten his ATM pin number. "I'm sure it is m...
Wall Street stopped all trading today when traces of melamine were found in several blue chip stocks. The NYSE began the day as usual with Mr Tu Bai, Chinese Chairman of White Rabbit Candy Company, ringing the opening bell. However, by 10:30 a.m. pan...
The President urged his treasury minions to stop calling it a bailout and urged them to call it a 'monetary injection.' "Hell, 'injection' is a great word! That's what we're callin' it over t' Iraq - 'democratic injection.' Whah, hell, my daddy...
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