Financial crisis – story links

Posted on: September 15, 2008

Looking for a video lead for this post. Found the best one on Aljazeera, of all places.

Fed moves to deal with financial crisis, from Associated Press

From Bloomberg.com http://www.bloomberg.com/news/index.html

Headlines from Reuters include “Struggling to Survive” and “Wall Street mauled by Lehman bankruptcy, AIG fears”

Problems at Lehman spill over into several Canadian companies” (the damage is minor) Canadian Press story from CanadianBusiness.com which includes quotes:

“…Lehman Brothers collapsed under weight of $60 billion in soured real estate holdings…”
“Sun Life said Monday it holds US$334 million worth of Lehman bond securities and about $15 million in Lehman derivative instruments.”

Diane Francis, of the National Post, in her story today “Wall Street Gamblers Out,” she quotes James Grant, of Grant’s Interest Rate Observer, saying last year: “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.”

Think it can’t happen here in Canada? Think again.
Here is a link to a story headlined: “Steeper drop in Canada’s existing home prices” by Garry Marr
of the Financial Post

Canadian markets feel U.S.’s pain by Eoin Callan, Financial Post.

Markets crumble on financial woes by Steve Ladurantaye, The Globe and Mail

CEO’s talk  Bank of America Meryl Lynch deal on video, below:

Thank you for reading AardvarkCola


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  • wordbeeps: No, he doesn't deserve an apology. Who tweets during a funeral? If you do, expect feedback. I didn't say the mourners were faking it. I think they we
  • Holly Stick: Look you fuckwit, are you too stupid to realise that Ghomeshi was an actual friend of Layton's, when you tweeted to him that the mourners were faking
  • aardvarkcola: Thank you. I see the rest of your message now. i'm honoured to to have your words on my blog. That alone is a delight. Lawrence


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