http://www.alternet.org/workplace/93509/america's_economic_free_fall/ ...The same legislation also repealed the federal law prohibiting usury -- the predatory practices that ruin debtors of modest means by lending on terms that ensure borrowers will fail. Usurious lending is now commonplace in America, from credit cards and "payday loans" to the notorious subprime mortgages.
http://www.financialsense.com/Market/wrapup.htm 200 day MA indicates market collapse
http://www.investigatethesec.com/drupal-5.5/node/350
The Federal Reserve Bank of New York expanded efforts to clean up trading in the privately negotiated derivatives markets to include contracts linked to interest rates, commodities and currencies.
JPMorgan Chase & Co., Goldman Sachs Group Inc. and 15 other banks committed to speed up processing and reduce errors in the $454 trillion over-the-counter derivatives market by putting more trading onto electronic platforms and improving the market's infrastructure, the New York Fed said today in a statement. They also committed to start clearing by yearend some credit-default swap trades through a central counterparty that could absorb the failure of a market-maker.
