Updates on Economy

Financial collapse, economic meltdown, debt crash, national bankruptcy:

Wall Street Journal: Officials Discussing Contingency Plans for Citibank

Fortune Magazine: U.S. Government Planning for Massive Bank Failure

Fortune Magazine: Banks Taking Huge Losses on Credit Cards Defaults

Wall Street Journal: Wave of Credit Card Deaults the Next Catastrophe

Wall Street Journal: World Credit Markets on Verge of Seizing Up Again

Fortune Magazine: Job Losses Derailing Banks' Chances of Recovering

Fortune Magazine: AIG's Top Counterparties Included Goldman Sachs

Washington Post: AIG Told Collapse Would Set Off Worldwide Bank Run

Washington Post: Economic Plunge Contiues as Unemployment Soars

Washington Post: Plan Could Force More Banks to Take Record Losses

Washington Post: Borrowers Defaulting as Fast as Loans are Issued

Washington Post: Treasury Department Hamstrung by Staff Shortages

Wall Street Journal: Revenue Collapsing for Debt Collection Industry

USA Today: 24 Million Americans Go from "Thriving" to "Struggling"

San Francisco: Bay Area Construction Industry Has Slowed to a Crawl

Time: Developing Nations Hit Particularly Hard by Economic Collapse

Time: Ten Newspapers Most Likely to Shut Down or Go Entirely Digital

24/7 Wall Street: Moody's "Dead Pool" List Likely to Wreck Companies

Fortune Magazine: The Companies Most Likely to Default on Their Debt

Fortune Magazine: A Look Through the Secret History of Bear Stearns

Fortune Magazine: AmEx Throwing Riskier Customers Under the Bus

Seeking Alpha: US National Debt Default Not Only Likely but Imminent

Alternet: To End the Financial Crisis, Americans Will Need to Get Angry

Gerald Celente: I'm Expecting Food Riots to Break Out Across the U.S.

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