Speaking at a banking congress in Frankfurt, German President and
former IMF President Horst Koehler said profits caused banks to turn a blind
eye or knowingly ignore risks.

* Honda cuts production, shuts plants
* ...   more »

Investment bankers attend competitive sporting events in growing numbers in
a bid to forget their more than ever volatile days at work.

(ASIA) SYDNEY, AUSTRALIA (NOVEMBER 20, 2008) REUTERS -
Australian bankers, stressed at facing ...   more »

Treasury Secretary Paulson defended his response to the financial
crisis and said the government had all the necessary tools to prevent a
collapse

Paulson struck back at criticism of his controversial decision in September
to ...   more »

The Internation Monetary Fund bails out Iceland with Turkey and
Latvia close behind.

* Putin promises Russians protection from past shocks
* Peugeot, AstraZeneca, Rolls Royce announce lay-offs

REUTERS -
Economic misery spread across Europe ...   more »

U.S. stocks touched lows not seen since October 2002 after a spike
in unemployment claims added to fears the economy is rapidly sinking.
Stocks made a sizable dent in early morning losses by lunchtime, but
...   more »

As car sales plummet, one UK website is offering 2 for 1 car deals
on new autos.


Simon Empson of Broadspeed.com launched his novel idea earlier in November
a 2 for 1 deal on Dodge ...   more »

Treasury Secretary Henry Paulson said the $700-billion Troubled
Asset Relief Program, or TARP, should not be used to puchase so-called toxic
assets

Paulson also opposes using $25 billion in TARP funds to bail
out the ...   more »

U.S. Treasury Secretary Henry Paulson says bailout money should not
be used for other uses: Bernanke says influx of capital is helping strained
markets.

WASHINGTON. D.C., UNITED STATES (NOVEMBER 18, 2008) POOL -
Treasury Secretary ...   more »