It’s official - we’re screwed….

Washington, D.C. (Rightcommentary.com) - Today appearing before the Congress, Federal Reserve Chairman Ben Bernanke conceded for the first time the U.S. economy may slip into recession, but said growth should pick up later this year as interest rate cuts and other emergency steps take root.
Bernanke said in his testimony that the [...]

Waiting for the Other Shoe to Drop?

Eroding confidence stings bank shares
By Carter Dougherty

Monday, March 17, 2008
FRANKFURT:
Volatile markets and worried policy makers on Monday offered clear evidence that the months-long financial crisis linked to the U.S. mortgage market has turned into an acute crisis of confidence in the global banking system.
Stunned over the weekend by the emergency [...]