BioSentral

Greenspan says economy in crisis - The U.S. credit squeeze has brought on a "once-in-a-century" financial crisis that is likely to claim more big firms before it eases, former Federal Reserve chief Alan Greenspan said Sunday. [CNN Top Stories]

Perot launches Web site about government spending - AP - Billionaire former presidential candidate Ross Perot has started a Web site to highlight what he calls the "economic crisis" facing the country because of deficit spending. [Yahoo! News]

City Sues 21 Banks In Connection With Foreclosure Crisis - The city of Cleveland wants to recover hundreds of millions of dollars in damages in connection with the foreclosure crisis, which has caused homes to be demolished and boarded up. [Newsnet5.com Local]

More Fallout From Mortgage Crisis - The U.S. Conference of Mayors is releasing a discouraging new report that shows the worst of the mortgage crisis may still be to come. The numbers are staggering and show just how significant the economic fallout from the subprime mortgage fiasco is going to be in the coming year. [KIRO 7 Seatle]