While most banks are trying to attract investors with headline-grabbing interest rates, Spanish bank Banesto has raised the bar with an innovative new scheme designed to boost its balance sheet.

This doesn't surprise me, since the plan is clearly geared toward saving the cronies and donors of politicos. But it's good to know what these academic economists object to.

Economist Michael Hudson: the bailout is a giveaway that will cause hyperinflation and dollar collapse. watch the video:

Big challenge for Treasury officials will be deciding whether to buy troubled investments near values at which banks hold them on their books. Thatd help minimize losses for financial institutions. Driving a hard bargain, however, would protect taxpayers.

The Bank of England moved to inject longer term cash into money markets as part of a co-ordinated effort with the US Federal Reserve, the European Central Bank and the Swiss National Bank, following the breakdown of talks over a $700bn bail-out for the US

When confronted with debt, many people are advised to seek debt consolidation. Any kind of debt that is not secured with collateral can be consolidated. These debts include personal loans, medical bills, student loan debt, and credit card balances. Let's

Washington Mutual, the giant lender that came to symbolize the excesses of the mortgage boom, was seized by federal regulators on Thursday night, in what is by far the largest bank failure in American history.

Apparently both houses of congress have reached a substantial agreement on a "modified" Wall Street bailout plan...but there are some Republicans who deny there is a bipartisan deal. Straight from the Wall Street Journal...

Wall Street isn't remotely prepared for the inestimable damage the financial system would suffer if A.I.G. collapsed.

"Construction of the proposed $250m facility on an 89 acres, located in North San Jose, is planned to begin in the summer of 2009. The first vehicles will likely roll off the assembly line in late 2010 and will employ 1000 people."