As Chrysler works against the government clock, it seems as they have come up with a plan that might keep the automaker out of bankruptcy court. Chrysler’s unsecured creditors have reached a preliminary agreement with the Treasury Department and United Auto Works which will change the ownership structure of the company, and keep them making [...]

Recently Wall Street has been blushing with optimism, based largely on good returns from the American Banking sector. However many question have come up with regards to how those numbers where reached, and how the banks accounted for the large loans received via the Government bailout program, TARP. The program allowed the banks great freedom [...]

The recession has hit even the fable German car makers, as BMW, maker of sports and luxury cars saw a loss in the fourth quarter of 2008, and Volkswagen predicted a decline in profit this year.
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“BMW said in a preliminary statement that it had suffered from write-downs related to the reduced value of leased cars [...]

Yesterday was all about UBS, today we look closely at another Swiss bank that seems to be having some issues. Switzerland’s second-largest bank Crédit Suisse announced its largest fourth-quarter loss. With so many European banks reporting losing we are reminded that this truly is a global problem. It will be interesting to see if Europe [...]

When thinking of the Swiss Banking system, for most of us the only real recollection we have of the SNB is when a bad guy in a movie wants to move money around. He gets to use a numbered account in Switzerland. When I start hear that they are losing money. I wonder if the [...]

England seems to be the country which is getting the blunt side of the economic crisis knife is have a difficult time finding its footing. Forced to once again cut the interest rate, the british government is looking for other ways to jump start the lending and get small and medium size business working again. [...]

Today might go down in history as DarkGray Money.  It seems that companies across all industries have decided to trim their work force today. “Companies today announcing at least 72,500 job cuts.”
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Whybanksfail is speechless, wanting to know how spending more money, giving more bailouts, paying for more wars is going to soften the blow [...]

Maybe “Revolution” is overstating it, but the failure of the economic system in Iceland has caused a series of events that have, this weekend, led to the announcement of early elections.
It can’t be any more real than this.�
As people of the United States, we are buffered from many of the troubles people around the world [...]

Nationalizing any industry is a scary concept for Americans. It goes against the very core of our economic ideology. Nationalization goes against the ideals of our freedoms, and our lazy-fair approach to business. But it is a reality in the United States, as shown in the nationalization of the rail-roads, electricity, telephones, city and local [...]

Looks like the economist have official told us what we all new. Great Britain is in recession, and it’s the worst one since the 1980’s
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With the collapse of the mortgage market in October, international government attempted to fight off recession by pouring money into financial institution through bailouts. However as the months have gone by, [...]

The British government has found out that even if they want to help Barclays, by putting in more investment, they can’t. Turns out that a “clause inserted during the Abu Dhabi Royal Family’s investment in Barclays last October has made it practically impossible for the Government to take a meaningful stake in the bank’
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Barclays raised [...]

We have been talking about the United State printing money for some months now, but it looks like Britain has been drinking the same cool-aid. Someone will have to pay for these bailout outs. The Taxpayer.
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Regulation is needed, not protection, and definitely not bailouts. Pumping good money into bad will not fix anything. It [...]

After the earlier efforts to stimulate leading have mostly failed in the United States and Europe, government across Europe are trying to “forcefully assure that bailed-out banks lend more money to offset the recession that has engulfed both continents”.
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Breakdown: England
·          New £100 billion, ($147.5 billion), limit banks’ losses in exchange for pledges to increase credit  [...]

It’s seems that Europe does not want to see American be the only country out there printing money, as it starts to leading more money to its banks, and lowers its interest rate once again.
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Seems that the gospel of Peter Schiff is lost of the leaders of the Global Banking community, now only if [...]

United Kingdom

In England, Lloyds TSB and takeover target HBOS have walked away from a pari of rights issues, which is now leaving the Bank of England with the bill, a staggering 17 billion pounds, which is needed to rebuilding the banks capital.
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For their efforts, the Brit’s now own a 43.4% stake in Lloyds Banking [...]