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    Francesco Guerrera and Jonathan Birchall
    Financial Times
    November 11, 2008

    The credit storm swept through Wall Street and Main Street with renewed virulence on Monday as AIG and Fannie Mae reported huge losses, a leading US retailer filed for bankruptcy and multinationals such as DHL cut thousands of jobs.

    • A d v e r t i s e m e n t

    The bad news from both the financial and corporate sectors underlined the broadening of a crisis that claimed its first victims among banks and insurers but has now spread through the global economy.

    Robert Zoellick, president of the World Bank, was set to announce on Tuesday a big increase in financial support for developing countries caught up in the credit crisis. The move comes ahead of this weekend’s G20 summit on the world economy, which will bring together leaders from leading industrialised and developing nations. The S&P 500 index on Monday fell 1.3 per cent as investors reacted to the poor performance of sectors ranging from insurance to logistics, and the announcement that the US electronics retailer Circuit City had filed for bankruptcy protection.

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    Comment Rules

    10 Responses to “Banking crisis claims more U.S. victims”

    1. REVOLUTION IS A MUST Says:
      November 11th, 2008 at 11:15 am

      i keep telling my dad to pull his funds out of aig but he hears me but i dont think hes really hearing me grrr that would suck

    2. James A. Burt Says:
      November 11th, 2008 at 11:46 am

      It’s likely that when the smoke clears we’ll discover that AIG et al are money laundries for CIA and the narcoleros. . .

    3. Bobbipin Says:
      November 11th, 2008 at 12:14 pm

      Predicting financial doom is sure going to have been a lot easier than surviving it!

    4. ShenK Says:
      November 11th, 2008 at 12:22 pm

      They are clearly post poning the inevitable. These so called “bailouts” will only make it worse, 2009 will be the year US will go down as planned.

      Most likely the year where the depopulation will begin, since they are closer than ever to achieving their goal.

    5. REVOLUTION IS A MUST Says:
      November 11th, 2008 at 12:36 pm

      i wish aig would up and leave the ymca but most of the corperate people they are crooked as the day is long so even the good ol ymca is full of crooks

    6. JavaHead Says:
      November 11th, 2008 at 8:26 pm

      I heard AIG is a CIA front and that the pensions for government employees, that would include Congressmen, are there. Anything is do-able for the government workers, the rest of us are on our own.

    7. Stephen Woodruff Says:
      November 11th, 2008 at 9:32 pm

      I often wonder if the United States could financially be able to rebuild a major city after a suitcase nuclear device from a terrorist attack went off,lets say in New York City,Chicago,or Los Angeles? With the country facing a major economic crisis,would this not be the time for a terrorist attack that would finally bring the United States to cease in being a nation??

    8. great pumpkin Says:
      November 12th, 2008 at 2:18 am

      One of the easiest ways to pull down the economy by the NWO is a computer hacker attack attributable to Russia and China. Cheap, easy to blame the outsider, and with all the corporate records gone, the NWO can pick up companies on the cheap. Hey, I didn’t plan it, I just divined it!

    9. HillbillyJihad&TheBubbaLiberationFront Says:
      November 12th, 2008 at 3:24 am

      f--- it take it…pardon the lead!!! “All ‘HAIL’ Thermal Expansion!!!”

    10. Sees Things Says:
      November 12th, 2008 at 8:27 am

      AIG insured police against lawsuits at election conventions, is unAmerican activity.
      free license to bash heads and not be accountable.