Dow Loses 4%; Nasdaq, S&P Lose 5%

The Dow lost four percent in trading mid-day Monday, while the Nasdaq and S&P lost five percent. President Barack Obama addressed downgrade Monday, but the markets dropped further after his comments.

Bank of America shares fall on AIG lawsuit, economy

Bank of America Corp (BAC.N) shares fell as much as 9.5 percent to their lowest level since April 2009 on Monday morning over fears of a slowing U.S. economy and challenges to a multi-billion dollar mortgage settlement.

Dominique Strauss-Kahn Was Trying to Torpedo the Dollar

Aren't you at all curious about who's behind this lynching by media scam? This is an all-out, no-holds-barred, steel-cage, take-down. The big boys save that kind of action for the worst offenders, that is, for the insiders who have broken Omerta or wandered off the reservation. Even Bernie Madoff was allowed to stay in his $7 million Park Avenue penthouse.

Least Reputable Companies in US (PHOTOS)

Insurance conglomerate AIG had been named the least reputable company in the United States by the annual Reputation Report from market researcher Harris Interactive.

Taiwan AIG unit bidders set to face regulators

Shareholders of two of the firms in a consortium buying U.S. insurer AIG's Taiwan unit approved the $2.16 billion bid on Wednesday, setting the scene for what is expected to be a tough battle with regulators.

The end of the global currency regime is now unavoidable

The debts assumed by the Western democracies will overwhelm their economies and lead to the end of our current Dollar-denominated, global currency regime. This has profound implications for Americans' standard of living and our empire's role in the world.

Recessions since Great Depression

A recession is the decline of a nation's gross domestic product (GDP) over two or more consecutive quarters. It is also referred to as a period of economic decline and reduced economic activity. During recessions, many macroeconomic indicators vary in a similar way. GDP, employment, investment spending, capacity utilization, household incomes; business profits and inflation all fall, while bankruptcies and the unemployment rate rise. Here is a list of recessions that occurred since the Great ...

AIG Sees $4.1 Bln Charge in Q4

American International Group, Inc. said it expects to record a $4.1 billion charge in the fourth quarter to boost the loss reserves in its Chartis property and casualty insurance subsidiaries.