Obama and the Financial Crisis. Are there Solutions? CRG- E Newsletter

November 18, 2008

Dear Global Research Member and Newsletter Subscriber

We are at the crossraods of the most serious economic crisis in World history.  

Last Saturday, November 15, World leaders convened in Washington under tha auspices of the G-20 Financial Summit.

What policy “solutions” are contemplated by the G-20? According to Global Research writers, this historic meeting of heads of state, heads of government, finance ministers, central bank governors, etc. has created a policy vacuum. The broader causes, not to mention the devastating social consequences of the meltdown of financial markets have barely been addressed.

This issue of the CRG E-Newsletter contains a critical assessment of the Washington Financial Summit as well as a review of Obama’s Cabinet appointments.

What are the prospects under a Barack Obama administration?

It is our hope that our endeavors will contribute to curbing the tide of media disinformation, ultimately with a view to eradicating poverty, restoring social justice and establishing an enduring peace in the Middle East.   

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Lead Articles


Public Lecture: The Global Financial Crisis, with Michel Chossudovsky
Montreal, November 27
– 2008-11-26

Democrats Cover Up Bush Era War Crimes
– 2008-11-18


U.S. anti-terror covert ops
– by Manjit Singh – 2008-11-18

Obama – Beware of Elites’ bearing Gifts
– by Richard K. Moore – 2008-11-18

Bush’s Farewell Farce: The G-20 Economic Summit
– by Shamus Cooke – 2008-11-18


The G-20 Washout: No Policy Solutions. Global Economy is Still on the Brink of Disaster
– by Mike Whitney – 2008-11-18

Russia Appreciates European Change of Mind
– by Jorge Petinaud – 2008-11-18


The Financial Crisis and the G-20 Washington Summit
The Birth of the Mount
– by Fidel Castro Ruz – 2008-11-18

US-Iraq “Agreement”: A Pact With the Devil
– by Pepe Escobar – 2008-11-18

Israel invades Gaza again; Palestinian resistance continues
– by Sara Flounders – 2008-11-18

Economy in Shambles: IMF agrees on loan for Iceland
– 2008-11-17

Dangers of a public backlash in response to IMF intervention : Pakistan criticized over $7.6 billion IMF bailout
– 2008-11-17

IMF head meets Turkish PM, signals a new deal in near future
– 2008-11-17

Africa to pay for Europe’s “green policies”
– by Rainer Chr. Hennig – 2008-11-17

Russia considers opening Black Sea Fleet base in Abkhazia
– 2008-11-17

French Relaunch Investigation into 1994 Rwandan Presidential Assassination
– 2008-11-17

World leaders agree steps to tackle crisis
– 2008-11-17

Bush Aggression Makes Life in Iraq “Unbearable”
– by Sherwood Ross – 2008-11-17

Don’t-ask-don’t-tell Policy: Pakistan and U.S. Have Tacit Deal On Airstrikes
– by Karen De Young , Joby Warrick – 2008-11-17


Worse Than the Great Depression?
A Review
– by Stephen Lendman – 2008-11-17

Hillary Clinton ‘to be U.S. foreign chief’: Obama poised to pick his former rival after ‘secret Chicago meeting’
– by David Gardner – 2008-11-16

From the Caspian Sea to the Mediterranean. Militarization of Strategic Energy Corridor
Well-oiled friendship or political pipe dream?
– by Ruben Zarbabyan – 2008-11-16

‘Israeli bombs source of Uranium contamination’
– 2008-11-16

“Defending the Homeland”, Major Counterterrorism Exercises: What Is NorthCom Up To?
– by Matthew Rothschild – 2008-11-16

Economic Crisis: Gulf States “should be ready for tough times”
– by Babu Das Augustine – 2008-11-16

Shell secures 25-year access to Iraq’s oil, gas
– by Ben Lando, Alaa Majeed – 2008-11-16

Israel to resume ‘targeted assassinations’ directed against Hamaz
Mofaz: Stop Hamas talks, start killings
– 2008-11-16


The G-20 Economic Summit Won’t Change the “Financial Crime Scene”
– by Richard C. Cook – 2008-11-16

150,000 US troops to remain in Iraq for another three years
Iraq cabinet passes US forces pact
– 2008-11-16

VIDEO: Financial Collapse in Iceland
– 2008-11-16

David Swanson & Michael Parenti on the Global Research News Hour on RBN
Program Details for November 17
– 2008-11-16

Former rebels put Rwanda under spotlight
– by Matthew Green – 2008-11-16

New Venezuelan Satellite Operating Perfectly
– 2008-11-16

Baloch Parliament Condemns Attacks by NATO and United States Forces inside Pakistani territory
– by Malik Siraj Akbar – 2008-11-16


The Great Depression of the 21st Century: Collapse of the Real Economy
– by Michel Chossudovsky – 2008-11-15

The proposed bank “bailout” under the so-called Troubled Asset Relief Program (TARP) is not a “solution” to the crisis but the “cause” of further collapse.

Burma, Iraq, and the Need for an Effective UN
– by Sherwood Ross – 2008-11-15

Rio Group accepts Cuba; Group demands role in global economic order
Argentina, Brazil & Mexico to go to Washington for World Economic Summit
– by Raul Cortes – 2008-11-15

U.N. Condemns U.S. Embargo Of Cuba
– by Portia Siegelbaum – 2008-11-15

Bush, Cox and Bernanke Call for Regulation of Credit Default Swaps
– 2008-11-15

VIDEO: Pennyland – Echoes of the Great Depression
– 2008-11-15

Former Goldman Sachs chairman: Slump worse than Great Depression
– 2008-11-15

Financial Crisis: International Trade In Jeopardy
– 2008-11-15

Financial Crisis Triggers Disruption in International Shipping
– 2008-11-15

Secret Directed-Energy Tech Protecting the President?
– by David Hambling – 2008-11-15

Letters of Credit and The Disruption of International Trade: Systemic Risk, Contagion and Trade Finance
Back to the Bad Old Days
– 2008-11-15

Russia and Obama: Untying the Gordian Knot
– by Eric Walberg – 2008-11-15

Obama sends Architects of Financial Deregulation Legislation to G-20 Financial Summit
– 2008-11-14

Unsettling Signs: Buzzwords, Politics and US Elections
– by Ramzy Baroud – 2008-11-14

Australia planning to block 10,000 websites
– 2008-11-14

Obama transition points to more war and repression
– by Bill Van Auken – 2008-11-14

Ukraine’s Membership in NATO?
NATO-Ukraine Meeting in Tallinn
– by Andrei Fedyashin – 2008-11-14

Who Got Bailout Money So Far?
– 2008-11-14

America’s economic crisis is beyond the reach of traditional solutions
– by Paul Craig Roberts – 2008-11-14

Growing tensions in lead-up to G20 summit in Washington
– by Peter Schwarz – 2008-11-14


Obama’s Intelligence Agenda
More of the Same from the “Change Administration”
– by Tom Burghardt – 2008-11-14


Obama: A Third Clinton Term?
Hillary under consideration for Secretary of State
– by Prof. Francis A. Boyle – 2008-11-14


Targeting Hugo Chavez
– by Stephen Lendman – 2008-11-14

Ukraine Hides its Role in the Caucasus War
– 2008-11-14

Obama and the Crisis of Expectation
– by Shamus Cooke – 2008-11-13

National Lawyers Guild Calls on President Elect: Close Guantanamo
– 2008-11-13

Sarkozy-US dollar no longer only currency in world
– 2008-11-13

Paulson the Bungler
– by Mike Whitney – 2008-11-13

Where is the Transparency? Fed refuses to identify recipients of $2 trillion “emergency loans”
– 2008-11-13

Widespread unease, opposition as Indonesian government executes Bali bombers
– by Patrick O’Connor – 2008-11-13

Washington secretly authorized military raids on 20 countries since 2004
– by Bill Van Auken – 2008-11-13

Pakistan to impose IMF-approved economic restructuring program
– by Keith Jones – 2008-11-13

Barzani: Sign U.S.-Iraqi Security Agreement or face civil war
– 2008-11-13

India faces terror from another front
– by Siddharth Srivastava – 2008-11-13

‘US must consult with Europe over Iran’
– 2008-11-13


Miscarriage of Justice: Who was behind the October 2002 Bali bombings?
– by Michel Chossudovsky – 2008-11-13

US Elections: A New Political Party Is Needed
– by Joel S. Hirschhorn – 2008-11-13

Beware The Obama Hype
– by John Pilger – 2008-11-13

E.U. ministers signal troop deployment to Congo
– by Abayomi Azikiwe – 2008-11-13


The Foreign Policy of an Obama Administration
– by Prof. Rodrigue Tremblay – 2008-11-12

World financial crisis undercuts Russia’s economic boom
– by Vladimir Volkov – 2008-11-12

UN weighs expanded DR Congo force
– 2008-11-12

World Bank in $100bn aid push
– by Daniel Dombey, Michael MacKenzie – 2008-11-12

EU-Russia foreign and defense ministers summit: The Partnership and Cooperation Agreement (PCA) talks with Russia
– by Andrei Fedyashin – 2008-11-12


Global Economic Tremors
– by Stephen Lendman – 2008-11-12

Russia Urges Obama to Lift Cuba Embargo, Respect World Opinion
– 2008-11-12

Spain Rules Out More Troops to Afghanistan
– 2008-11-12

Australia: Labor government forced to revise economic forecasts as global crisis deepens
– by Terry Cook – 2008-11-11

European Union summit in Brussels: The EU prepares for Obama
– by Peter Schwarz – 2008-11-11

Obama’s Neocon in Residence
– by Philip Giraldi – 2008-11-11

Obama’s Foreign Policy: No Sharp Break From Bush
– by Jim Lobe – 2008-11-11

GM shares hit 60-year low on worries of collapse
– 2008-11-11

Secret Order Lets U.S. Raid Al Qaeda in Many Countries
– by Eric Schmitt , Mark Mazzetti – 2008-11-11

“Sovereign Wealth Funds” Towards a Structural Shift in World Financial Order
– by Kavaljit Singh – 2008-11-11

GM’s Skid Quickens as Crunch Raises Bankruptcy Threat
– by Mike Ramsey – 2008-11-11

Guantanamo: Military Oaths Confront the Constitution in the Omar Khadr Case
– by Floyd Rudmin – 2008-11-11

Sign Petition for a Monetary System That Puts People First
– 2008-11-11

Afghan resistance is `terrorist’ under Canadian law, Khawaja trial judge rules
– by Richard Fidler – 2008-11-10

America Has Already Changed: A Personal Viewpoint
– by William Cox – 2008-11-10


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