Second Wave of Financial Crisis Unfolds Across Globe
By Mike Adams, November 12, 2008 | Key concepts: Financial crisis, U.S. dollar and Bankruptcies
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Thought the global financial crisis was over? Far from it: The second wave of bankruptcies and financial institution failures is now upon us. Expect a tidal wave of commercial bankruptcies this holiday season. And now, even those companies bailed out by the Fed are needing a second bailout. The dollar is rapidly imploding and will inevitably be wiped out.
From Biz.yahoo.com: A number of deals designed to cure the global financial crisis were in danger of unraveling on Wednesday, with losses mounting at banks and economies showing further signs of serious deterioration.... more
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