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URGENT: Dennis Kucinich Needs Help: Re-Election in Congress

One month from now is the Ohio primary and I’m running for re-election to the House of Representatives. I’m also being outspent 5 to 1. Corporate interests are converging on Cleveland in an effort to try to knock me out of Congress. I need your help to make sure that there continues to remain in the United States Congress a voice of truth ….

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Ambac loses AAA rating

Global Economic Crisis Unfolding

Ambac loses AAA rating

As I am writing this, there is an economic bloodbath in the Asian stock markets as a result of the plunge yesterday in the US markets. One of the most troubling developments is the impending demise of the two main Bond Insurers, Ambac and MBIA. These two companies underwrite a large number of corporate and municipal bonds in the US market.

Just last Friday, Ambac lost its AAA rating, and it is expected that there will be further downward adjustments. In short, this will mean a loss of about $45 trillion in value in the credit derivative market in the coming days. Read the story here and do what you can to protect yourself from the coming collapse.