Friday November 14, 2008, 5:18 am
This is like looking at the first link in an extremely long chain, and it happened to be the 'weak link', that is pulling down other US/World Markets!

The UK is running news analysis that reads in general:

US: DOWNTURN SPIRAL INTO DEPRESSION


Signature:
OBAMAGOD
ARC LIGHT
THE FIFTH KNIGHT

Friday February 13, 2009, 7:45 pm
Government-controlled mortgage finance companies Fannie Mae and Freddie Mac,
and major banks JPMorgan Chase & Co., Morgan Stanley and Bank of
America Corp. said Friday they are halting foreclosures through March 6.

New York-based Citigroup Inc. said its halt will extend until the
administration has completed the details of the loan modification
program or March 12, whichever is earlier. Citi's action expands on a
similar effort that it started in November.

Wednesday March 18, 2009, 5:26 pm
* It's not AIG, but some Fannie Mae executives are slated to get some generous bonuses, too.