Funny or Die is back more political satire. This time they've done a great job of organizing a SNL presidents reunion, gathering a large cast of comedians (most of which are Saturday Night Live alumni) doing POTUS impersonations to educate viewers about the banking industry and the need for financial reform. The SNL presidents reunion video is described as follows: Barack Obama gets a surprise visit in the night from ex-Presidents Bush Sr., Bush Jr., Clinton, Ford, Reagan and Carter to get a... Full Story

I had a good laugh at this article: Russia tried to talk China into waging financial war on the US in 2008, as the country was mired in a mortgage crisis. According to a forthcoming book by former Treasury Secretary Hank Paulson, Russian leaders wanted the Chinese government to dump billions of dollars worth of bonds tied to ailing mortgage giants Fannie Mae and Freddie Mac. That would have thrown the entities, which grease the wheels of America's mortgage market, into a crisis and... Full Story

Something that you will not hear much of and you should be hearing is: Russia’s foreign exchange reserves were evenly split between dollar and euros. This is the third largest reserves in the world and Russia has gone from heavy in the dollar to equal percentages in a very short time. That should be an attention grabber but if that is not enough... Russia announced yesterday in the news, that Russia will be buying Canadian dollars and securities in a bid to diversify its foreign... Full Story

Vancouver, Canada If you haven't heard, the financial crisis is now over.  The economy is rising, foreclosures are a thing of the past, and people are finding jobs left and right.  I know that's what you want to hear, but unfortunately that is far from the case. To help drive home the fact that the financial crisis is not only far from over, but seemingly getting worse, the Whistler Ski Resort, which is hosting the Olympic downhill, bobsled and luge, is being foreclosed and will be auctioned off in... Full Story

It is being reported that the number of unemployed rose by 85,000 in December due to layoffs. Strangely, the unemployment rate is holding steady at 10.2%.  Currently, 15.3 Million people in the USA are unemployed, or more specifically claiming unemployment.  The real figure is likely substantially higher after taking into account those that no longer are eligible for unemployment, or those that merely never filed. Around 25 months ago, towards the start of the financial crisis, the... Full Story

There is something to be said about a system that not only ensures the rich get richer, but rapes its citizens to give the wealthy the extra boost they so richly deserve.  Most remember that when the Financial Crisis began, the banks had a great deal of trouble dealing with their toxic assets.  While many blamed the banks for taking on these assets, claiming that these risky dealings were a major factor in causing the financial crisis in the first place, the government was quick to... Full Story

Few countries of the world are suffering quite as severely during this Financial Crisis as Ukraine.  Gripped with corruption of the most extreme level, Ukraine's people are without work, without money and most importantly without food.  Of course, the elite don't have this problem, but the middle and lower classes are scraping to get by while the administration sip champagne while enjoying black caviar in the back of their Maybach's. It is no wonder that once again Ukraine is having... Full Story

As GM slowly rebuilds, its promise of scrapping the Big Block V8 has finally come to pass.  An engine dating back to 1958 has finally seen its end, may it RIP. Unfortunately, this move comes with even more layoffs.  The Tonawanda plant employed 298 workers for the Big Block, all of which will now be let go, further adding to Americas financial crisis.  The last engine rolled off the line on Friday, and was autographed by the factory employees.  The final resting place for... Full Story

PRESIDENT OF RUSSIA DMITRY MEDVEDEV:Colleagues,First of all, I want to thank this summit’s host, Nursultan Nazarbayev, who has received us all today for this informal meeting.Experience shows that these kinds of informal meetings are extremely useful. They give us the chance to discuss all kinds of issues without being bound by protocol and formalities. This way, we can talk things over openly and sometimes obtain some very good results, make real breakthroughs, and come up with good... Full Story

Atlanta, USA Financial crisis is making people do strange things. There are a lot of people who can't make their ends meet anymore and can't even afford their mortgage. A Black man in his 40s or 50s walked into a SunTrust Bank in Atlanta with a box wrapped in electrical tape claiming it to be a bomb that could be activated by a cellphone. He handed the teller a note saying - "give me the money ... I need to pay my mortgage ... Merry Christmas" Police ask that anyone with information about the robbery... Full Story