Housing bubble burst followed banks going bankrupt. What next? Tax revenue collected will decline as unemployment rises further, and the US dollar will weaken further and will not have much value in the months to come as more investors worldwide will invest in more tangible commodity assets like gold rather than volatile paper money, or [...]

Wall Street falls on AIG’s biggest quarterly loss in corporate history. The government is willing to pump another 30 billions of tax dollars once again into American International Group (AIG) for the FOURTH time, the first time being in September 2008 when Lehman Brothers collapsed.
Recent bail-outs received:

AIG – $180bn
Bank of America – $45bn
Citigroup – $50bn
JP [...]