Economic crisis

This video from the USA is called “Financial Crisis: The Musical”, Lyrics: B. Hopman, Vocals: R. Hopman.

The US Treasury announced Thursday that it will remove a cap on federal support to mortgage giants Fannie Mae and Freddie Mac, extending to the firms an unlimited amount of funds for three years: here.

Despite last-minute talks with Dutch sports car maker Spyker on a potential sale, General Motors has confirmed that it will push ahead with its plans to wind down operations at Saab: here.

On December 22, the greeting card and party goods maker American Greetings said it would close its Kalamazoo, Michigan, plant by April, resulting in 225 layoffs: here.

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