WHAT ARE THE OTHER LARGE ECONOMIES DOING?

NEWS ITEM - Federal Reserve Chairman Ben Bernanke on Wednesday said global financial markets were under "extraordinary stress" and threatening an already weak U.S. economy as he offered his bleakest outlook since a credit crisis set in last year.

• This is a global problem, what is Great Britian doing to fix it?
• What is France doing to fix it?
• What is the EU doing to fix it?
• What is Japan doing to fix it?
• What is China doing to fix it?
• What is Russia doing to fix it?
• What are the oil exporters doing to fix it?
• What is the UN doing to fix it?

FEDERAL GOV'T TAKING OVER FINANCIAL SYSTEM?

NEWS ITEMS: Feds take over Fannie Mae; Feds take over Freddie Mac; Feds assist AIG; Feds assist Money Market funds; Feds change the trading rules of the NYSE; etc., etc.

• Does all of these actions amount to a Federal govenment take over of the loan and financial markets?
• Is this a "Nationalization" of an important segment of the U.S. economy?
• Where will this all end?
• Where will all of this money come from?
• How much more of the economy will be assumed by the government?
• How much will it cost us, and our children?
• Why wasn't the market allowed to take care of its own problems?
• How could all this mess been avoided?
• Will anyone or any company or government agency be held responsible?

WHAT DOES FOREIGN OIL COST THE U.S.?

$700 Billion per year!!

(per T Boone Pickens, September 2008)