This video from Sky News in Britain says about itself:
Investors in Britain are being hit by the fallout from a massive financial scandal in the United States. Bernard Madoff, a former chairman of the Nasdaq stockmarket, admitted a fraud which could cost investors on both sides of the Atlantic up to 50 billion dollars.
By Barry Grey in the USA:
The Madoff scandal
December 16, 2008
The removal of any regulatory restraint on the operations of the banks and finance houses over the past three decades is itself an expression of the crisis and decay of American capitalism.
US government bailouts: poverty wages for auto workers, trillions for bankers: here.
Major US publisher not buying new books: here.
Pakistan: Conditions attached to IMF “bailout” will exacerbate slump and poverty: here.
New Zealand: Job cuts mount as recession deepens: here.
Britain: Million poor pupils denied free meals: here.