World-News

By MATT APUZZO

The full scope of the U.S. housing meltdown isn't clear and already there are ominous signs of a new crisis - one that could turn out the lights on malls, hotels and storefronts across the country.

https://www.informationclearinghouse.info/article21335.htm



CEOs "Cashed Out" Prior To Economic Crisis

By Tom Eley

Balzac's maxim that "behind every great fortune lies a great crime" may yet prove a fitting epitaph for American capitalism. A recent survey by the Wall Street Journal reveals that CEOs at major US financial and real estate firms converted tens of millions of dollars of overvalued stock into cash prior to the eruption of the current financial crisis, even as many of their corporations approached the precipice.

https://www.informationclearinghouse.info/article21339.htm



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