November 26, 2008 (LPAC) — Treasury Secretary Henry Paulson is willing to follow the British scenario and sink all U.S. banks, Lyndon LaRouche said today.

Instead of following British orders, Paulson should take his medicine, and declare the whole system in bankruptcy– reorganization in bankruptcy, not more bailouts. He may be a Christian Scientist, but this time he has got to take his medicine, LaRouche said. Read the rest of this entry »

As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues that things risk spiralling out of their control

Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. Read the rest of this entry »