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Part 2:

There has been much talk about the nationalization of America’s banks in the last 3 months, since Obama has become president.  The idea of creating a bad bank, of forcing banks to take larger injections of taxpayer money, and of limiting executive pay have all been played out on the pages of our best newspapers. [...]

An insightful blog, The Path to the Pegasus Letter, writes about how China is handling the global financial crisis in their article, China continues to lead the way.
The article looks at 5 advantages China currently has due to their economic policies.
Those advantages are:

Don’t allow a financial meltdown based on idiocy and ignorance
Don’t enact policies which [...]

This site is about understanding what is going on out there, in our economic world.  We try to highlight the key players at any given point in time.
Sometimes some people do it so well, that you just have to acknowledge them, and step aside.  These would be the minds that shaped, the minds that run [...]

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IMF warns that if the global community of governments doesn’t work together the level of financial crisis and increase and spill over to the emerging markets which do not have protections such as FDIC. This crisis can “increasingly disorderly and costly for the real economy,” the International Monetary Fund warned in its Global Financial Stability Report, released [...]

It’s a wiki that links to reference material about the financial crisis.  Great resources.
Wired.com’s wiki, Understand the Financial Crisis — has references from blogs, articles and a video of Warren Buffet.  Warren Buffet has been a very public figure over the past few weeks, both to the general public, and in helping the government figure [...]

Although congress has passed the 700 billion dollar rescue plan last week, most economist and industry leaders believe that many more banks will fail by the end of 2008 and well into 2009. The real quesiton is not when the banking crisis will end. But rather how many banks will fail in that time period. [...]

Although there is no official reason as to why the bank should fail, many investors have become scared of the possibility of UniCredit failing, and have caused the share price to fall more than 22% over the past two sessions.

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UniCredit SpA is Italy’s largest bank by assets.
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In an effort to shore up finances UniCredit is [...]

For most financial products to work, banks need to constantly lend to one another to facilitate the flow of money. However in the current crisis it seems that the lending of money has completely broken down, on the street the only one lending is the federal government. �
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Breakdown.
·          London Interbank Offer Rate, or LIBOR, [...]

The Wall Street Journal has an easy to read article, After the Fall — What Happened, What’s Next, covering the following questions:

What’s behind the financial crisis?
How could conditions deteriorate so quickly that companies rushed to sell themselves or couldn’t survive without U.S. help?
How would the government’s new plan stem the crisis?
Will that intervention turn things [...]