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Economic Crisis stories:
Romanians vote for president amid political crisis
Nov 22nd, 2009 - Washington Post
BUCHAREST, Romania -- Romanians were voting for a new president on Sunday in an election that could help end a leadership crisis that has threatened an international loan aimed at stopping the country's painful recession.
President Traian Basescu...US president Barack Obama's job approval rating drops below 50%
Nov 21st, 2009 - The Times of India
WASHINGTON: US President BarackObama's job approval rating has dipped below the 50% mark, the first time afterhe was sworn in January this year. The latest Gallup Daily trackingresults...
UPDATE 1-Calif. governor against tax hikes to close budget gap
Nov 18th, 2009 - Reuters
* California governor to meet lawmakers on budget gap * Budget gap to be $14.4 billion next year: L.A. Times * Raising taxes would cut into growth: governor(Adds details...
Assured Guaranty 3Q Loss Narrows On Acquisition >AGO
Nov 16th, 2009 - Wall Street Journal
Assured Guaranty Ltd.'s (AGO) third-quarter loss--its sixth in the past two years--narrowed as the bond insurer's revenue swelled from an acquisition. The company said demand for its financial guaranties continues to be strong in the U.S...
Aabar, Daimler to Buy Majority Stake in Brawn GP
Nov 16th, 2009 - Wall Street Journal
DUBAI--Aabar Investments PJSC, the largest shareholder in Daimler AG, Monday said it would acquire jointly with the German car maker a majority shareholding in the Brawn GP Formula One team...
Economic Crisis videos from YouTube:
2:56Federal Reserve - Intentionally Causing Economic Crisis!
According to steve forbes.
2:39Economic crisis forces hundreds of thousands from their homes
In the recession, hundreds of thousands of Americans are losing their homes and not being able to pay rent. Deputies from the Prince William County sheriff's department evict several people from their homes everyday. Sometimes ...
8:50Bird and Fortune - Subprime Crisis
John Bird and John Fortune (the Long Johns) brilliantly, and accurately, describing the mindset of the investment banking community in this satirical interview.
9:59Peter Schiff Was Right 2006 - 2007 (2nd Edition)
This is a set of clips of Peter Schiff from 2006 and 2007. I added labels and 2008 predictions to the first video. More videos at www.youtube.com ... Peter Schiff Economic Collapse Stock Market Crash Dollar Crisis Peak Oil
Economic Crisis from WikiPedia:
The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.
When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run.
Read more on WikiPedia
