Economic Crisis

Merrill, Wachovia in Danger of Failing

CNBC | The amount of cash written off Merrill Lynch and Wachovia’s balance sheets since the onset of the credit crisis still far outweighs the amount of cash they have raised, suggesting the need for fresh capital injections.

Large U.S. bank collapse seen ahead

Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

The Strong Dollar Illusion

Peter Schiff | America does indeed pose a global threat, but not for the reasons these economists suppose.