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April 15, 2008 |
Icelandic banks pose a global risk
Dow Jones FN
Whenever financial markets tremble, everyone thinks of 1929 and the great American stock exchange crash. But fewer market participants remember 1931, a more significant year in the story of the big 20th century economic collapse, the Great Depression. |
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April 12, 2008 |
Fed transcript: '02 deflation fears helped drive down rates
USA Today
Just-released transcripts show the Federal Reserve was worried about the threat of deflation when it decided to cut a key interest rate by a half point in November 2002. |
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April 12, 2008 |
Paulson: 'Expect more bumps' ahead
CNNMoney
Top financial leaders, faced with the biggest crisis to hit the global economy in at least a decade, are pledging to strengthen their regulation of banks and other financial institutions while anxiously hoping the slump in the United States will be a short one. |
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April 11, 2008 |
Powers Back Plan to Halt Financial Crux
Yahoo! News
Finance officials from the world's top economic powers endorsed a plan Friday aimed at preventing another financial crisis like the credit and mortgage debacles that erupted in the United States and quickly sent tremors around the globe. |
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April 11, 2008 |
Banks set to stumble again
CNNMoney
When Citigroup and Merrill Lynch each fessed up to nearly $10 billion in losses last quarter, investors believed the companies had finally scrubbed their books clean. |
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April 08, 2008 |
Credit crisis could cost nearly $1 trillion, IMF predicts
Int'l Herald Tribune
The International Monetary Fund said Tuesday that financial losses stemming from the U.S. mortgage crisis might approach $1 trillion, citing a "collective failure" to predict the breadth of the crisis. |
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April 07, 2008 |
Global agreement on Islamic finance
Miscellaneous
The International Islamic Financial Market (IIFM) is in the final stages of developing the first-ever standardized Master Agreement, which can be used by Islamic financial institutions across the globe. |
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March 31, 2008 |
Fed eyes Nordic-style nationalisation of US banks
Telegraph (UK)
he US Federal Reserve is examining the Nordic bank nationalisations of the 1990s as a possible interim solution to the US financial crisis. |
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March 31, 2008 |
Brace for $1 Trillion Writedown of `Yertle the Turtle' Debt
Bloomberg
Yet $1 trillion is the amount of defaults and writedowns Americans will likely witness before they emerge at the far side of the bursting credit bubble, estimates Charles R. Morris in his shrewd primer, |
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March 31, 2008 |
Paulson Plan Endorses Fed's Enhanced Market Authority
Bloomberg
Treasury Secretary Henry Paulson's plan to overhaul U.S. market regulation would officially endow the Federal Reserve with the broader authority that it has already accrued in the past two weeks. |
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