The Bush administration asked Congress for unchecked power to buy $700 billion in bad mortgage investments from U.S. financial companies in what would be an unprecedented government intrusion into the markets. [Bloomberg]
All our money.
Across the nation, homeless organizations are seeing the largest numbers in a generation, as people without jobs and homes seek shelter in cars or temporary encampments like those outside of Reno and in the cities of Portland, Fresno, Seattle, Chattanooga and Columbus.
Not one dollar.
The British papers sound an alarm – rising repossessions, soaring energy and food prices and job losses. Depression?