Posts tagged as:

US financial crisis

More gloom ahead for financial institutions – HSBC cuts jobs

March 2, 2009

With the recent market nervousness that’s been created by the news of AIG and Citigroup both needing urgent funds with one resorting to disposing valueable assets and the other on the verge of nationalisation, yet another news is cropping up from another financial institution.
This time, it is HSBC who needs to raise some $17 billion [...]

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Calvin & Hobbes explains the Wallstreet bailout

January 15, 2009

It seems the creator of Calvin & Hobbes has some theory about the Wallstreet bailout. Easy to understand, clearly illustrated, clever and precise dialogues.
Apologies for the small image below, I know you can’t read it. Just click on the image to get to the larger image.

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Even the sex industry needs a bailout!

January 8, 2009

I read with amusement about how the pornography industry in the US is coming out to say that even their business is affected until the extent of needing a government bailout. And the amount of bailout is not exactly a small amount, totaling some US$5 billion! That’s a lot of money to sustain this very [...]

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Next on the US bailout plan is Citigroup!

November 24, 2008

Citigroup has become the latest financial institution who has come under to receive a huge bailout from the US government. It has just been confirmed that the US government has agreed to a bailout of the bank at a sum of about $300 billion. According to analysts, the terms of the bailout have been rather [...]

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General Motors headed for bankruptcy?

November 11, 2008

I read with surpise that the General Motors (GM) in the US is in such bad shape that some analysts have forecasted that its share price will drop to zero. Analysts also think that it is headed towards bankruptcy or stay in a bankruptcy-like future.
GM is now in an urgent state to get financial aid from [...]

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