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US Must Save Global Economy —This Weekend

US must join UK's plan or face disaster: Krugman

By Jason Farago, Newser Staff

Posted Oct 10, 2008 7:30 AM CDT

(Newser) – Since the collapse of Lehman Brothers the financial crisis has gone from severe to terrifying, but the response of the United States and Europe has been "woefully inadequate," writes New York Times columnist Paul Krugman. We are now at a tipping point,... Read full story »

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US Must Save Global Economy —This Weekend

US must join UK's plan or face disaster: Krugman

Gordon Brown • Henry Paulson • Lehman Brothers • credit market • credit crisis • bailout • rescue package • financial crisis • capital injection

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More Newser Stories

California, Out of Cash, Begs for $7B From Treasury

Cash-starved Calif, credit markets, may need bailout of its own

Hank and Ben: Time to Play Offense

Treasury and Fed need to start playing offense, says Leonhardt

Feds Let Lehman Fail—Then Loaned It $138B Anyway

Paulson & Co. say cash was to 'facilitate orderly wind-down' of trades, but questions persist

Paulson, Bernanke Defend Bailout Before House

Money for Detroit isn't the 'purpose' of the bailout: Paulson

Feds Aim to Push Bailout Beyond Traditional Banks

Finance-related firms working with Treasury, which also has eye on Obama transition

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