See related: Will America pay the world’s tab? The financial crisis that began in the United States spread
to many corners of the globe. Now, the American bailout looks as if it
is going global, too, a move that could raise its cost and intensify
scrutiny by Congress and critics.
Foreign banks, which were initially excluded from the plan, lobbied
successfully over the weekend to be able to sell the toxic American
mortgage debt owned by their American units to the Treasury, getting
the same treatment as United States banks.
On Sunday, the Treasury secretary, Henry M. Paulson Jr. ,
indicated in a series of appearances on morning talk shows that an
original proposal introduced on Saturday had been widened. “It’s a
distinction without a difference whether it’s a foreign or a U.S. one,”
he said in an interview with Fox News.
The prospect of being locked out of the bailout set off alarm bells
among chief executives of overseas banks whose American affil...
Content suppressed by ://URLFAN, for full article visit source
Robert Fisk: So Al-Qa’ida’s defeated, eh? Go tell it to the marines!From: gangstergovernment.squarespace.com
Post Date: 2008-05-31 18:49:43
So al-Qa’ida is "almost defeated", is it? Major gains against al-Qa’ida. Essentially defeated. "On balance, we are doing pretty well," the CIA’s boss, Michael Hayden, tells The Washington Post. "Near strategic defeat of al-Qa’ida in Iraq. Near strategic defeat for al-Qa’ida in Saudi Arabia. Significant setbacks for al-Qa’ida globally – and here I’m going to use the word ’ideologically’ – as a lot of the Islamic world pushes...
more Tzipi Livni: Ex-Mossad Agent & Daughter of Terrorists Tipped to Lead IsraelFrom: gangstergovernment.squarespace.com
Post Date: 2008-05-31 18:38:35
The frontrunner to become Israel’s next prime minister, Tzipi Livni, was a Paris agent for Mossad, Israel’s overseas intelligence agency, in the early 1980s when it ran a series of missions to kill Palestinian terrorists in European capitals, according to former colleagues. They say Livni, now foreign minister, was on active service when Mamoun Meraish, a senior official in the Palestine Liberation Organisation, was shot dead by a Mossad hit squad in Athens on August 21, 19...
more American Workers Lose As Ford Invests $3 Billion in MexicoFrom: gangstergovernment.squarespace.com
Post Date: 2008-05-31 16:11:50
President Felipe Calderón announced that Ford will build its new fuel-efficient Fiesta "global car" in suburban Mexico City and upgrade two plants here as part of a $3 billion investment, the largest in Mexican history by a foreign manufacturer. The decision is a major setback for the United Auto Workers union, which has pushed Ford and other manufacturers to invest in U.S. plants. But it was a coup for the Mexican economy after years of losing manufacturing jobs to China and other A...
more CIA Director: Intel Realignment Could Create ConfusionFrom: gangstergovernment.squarespace.com
Post Date: 2008-05-31 15:36:04
A Bush administration plan to issue new orders realigning the chain of command over U.S. spy services has triggered turf-related skirmishes across the intelligence community. The changes could erode the CIA’s standing as the nation’s lead spy service abroad by requiring agency station chiefs in certain countries to cede authority to officials from other U.S. spy agencies, officials said. The revisions would also give the nation’s intelligence chief greater power over in...
more 
Websites mentioned in article
Buzz Words mentioned in article:
How popular is gangstergovernment.squarespace.com?
