The imf, world bank & other central banks just raped the world & now we're their sex slaves tied up in the basement.

I don't think he won the elections. For sure the first one was stolen. I agree, Bush sure is a dumb ass.

Don't forget the millions and millions of jobs that were taken away from American's and shipped overseas. This is just an opinion, but if things don't get better, if people lose it all, I see people "taking up the rifle" against those they deem responsible for this catastrophe. Personally, I would not shed a tear.

So, situation normal then.

There is a website on socialism.

Socialist...org

think about this usa is wanting war with iran for israel, yet israel has more than 200 nucular weapons ,and is in violation of at least 63 un regulations , the world banks are the ones who sponser war , are you paying for this war in advance ???rich mans war poor mans blood, why are bankers still getting pay rises ??wake up

The Guardian errs a bit in that last sentence, of coure. Almost all of the "conditions" mentioned in connection with the bailout have no teeth whatsoever, no enforcement mechanism, no real penalities. They are more properly termed "suggestions," or rather, "PR exercises that we hope our Wall Street lords will deign to at least pretend to follow for a short time, until the heat is off."

Staff at six banks including Goldman Sachs and Citigroup are in line to pick up the payouts despite being the beneficiaries of a $700bn bail-out from the US government that has already prompted criticism. The government's cash has been poured in on the condition that excessive executive pay would be curbed.

Financial workers at Wall Streets top banks are to receive pay deals worth more than $70bn £40bn a substantial proportion of which is expected to be paid in discretionary bonuses for their work so far this year despite plunging the global financial system into its worst crisis since the 1929 stock market crash the Guardian has learned

search: "businesspundit the subprime mortgage primer" ;)

Hmm...maybe you shouldn't have elected a moron president. !!!!!TWICE!!!!! I say it's your own goddamn fault.

6 die in family murder-suicide in upscale LA home — An unemployed man with an advanced finance degree who was despondent over his own financial problems shot and killed his wife, three children, mother-in-law and then himself in an upscale home in a gated community, police said Monday.

Watch Ramen noodles Stocks skyrocket in the next 12 months... arent those made in China?? I´m sick of this shit big time....

Socialism and the Welfare State is coming back to the U.S. bigtime. No bailout should be given to Wall Street. Let the scums suffer the consequences.

Recessions are caused by the central bank pure and simple. The Austrian theory of the business cycle explains it perfectly. All these other problems, credit card debt, off shoring of jobs, housing bubble etc are merely symptoms of central bank expansion of money and credit. This video is way off base.

Well I guess we can all enjoy our service based economy.

Never mind Lehman Brothers! The US and the UK should file for bankruptcy! The comment below is bang on. All the figures are fiddled and we have people behind closed doors making decisions in their own (pocket lining) interests! The majority are offered low wages and the debt trap! Its NO WONDER that it has all come to this!!

I just laugh at these "economists" that seem to be constantly debating whether we're in recession or not. Have they looked out their window lately? The real economy is down by at least 15-25% since the mid 90's. The media has done a horrendous in covering it. None of their reporting is cohesive or synthesized. We're told "GDP" goes up, while debt and bankruptcies go up. "CPI" is tame, while on the next page, commodities are soaring. All the govt numbers are a scam. Don't believe any of it.

Strange so if you lower the wages the profit short term rises but long term nobody can buy your stuff anymore. Isn't that odd ;) Keeping the politics out of it here..the markets lately been doing some weird things... or actually they been doing what any sane market would to. Instead of what a hyper inflated market would do. Funny that!

You're democracy is flawed and you should start voteswapping to get your interests to a higher level. Democracy throughout all western nations is flawed and out of date, why should you go to war to bring a flawed systems to other nations? The real cause is democracy is dead and there's no 'political economy ' anymore but real capitalism and you know what happens, midd class will go away, and 5% rich and the rest of people poor

Looks like its back to Ramen noodles and staying in on the weekend.

More damn lies. The recession is really fueled by hyperinflation and the US deficit. Homeowners in great neighborhoods ought to collude to say screw you non-homeowners because this is just that kind of class division. It makes no sense to lower home prices in a good area for the homeless. They should be getting a lowered price home on the outskirts. The price of everything has been hyperraised since 1998 and continues and that is the cause. America the dishonest

Why are you so mad at us?

Very well said, thank you.