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November 25, 2008 |
Problem banks rise to 13-year high
CNNMoney
The FDIC reports that the number of troubled banks grew to 171 in the third quarter, most since 1995. Bank profits have second-worst quarter since 1990. |
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November 17, 2008 |
Financial Crisis Tab Already In The Trillions
CNBC
Given the speed at which the federal government is throwing money at the financial crisis, the average taxpayer, never mind member of Congress, might not be faulted for losing track. The tab now exceeds $4.3 trillion! |
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November 13, 2008 |
Congress probes hedge fund industry
CNNMoney
Rep. Waxman examines 'virtually unregulated' hedge fund industry, in House committee testimony featuring industry player George Soros. |
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November 12, 2008 |
Global Economic Tremors
Global Research (Ca)
On October 28, the Financial Times' columnist Martin Wolf wrote: "Preventing a global slump must be the priority." He cited Nouriel Roubini back in February listing "twelve steps to financial disaster," all of which the US took and dragged the whole world down with it. |
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November 12, 2008 |
Ahead of the Bell: American Express seeks $3.5B
Associated Press
American Express Co. is seeking $3.5 billion in funds under the government's plan to directly invest in financial firms, according to a Wednesday report in The Wall Street Journal citing unnamed sources. |
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November 12, 2008 |
Hard Times, But Big Wall Street Bonuses
CBS News
It's no secret that investment bankers are well-compensated, mostly through year-end bonuses, especially during bull markets. |
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November 10, 2008 |
Fed refuses to identify $2 trillion in bank loans
Bloomberg
The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. |
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November 08, 2008 |
Zoellick sees need to 'modernize' global finance system
Miscellaneous
With the global economy entering a "danger zone," key officials are nearing a consensus on the need to revamp the financial system, World Bank President Robert Zoellick said Saturday. |
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October 26, 2008 |
Treasury looking to Islamic banking to help with crisis?
Arab News
The US government is currently studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis, Robert M. Kimmitt, US deputy secretary of the Treasury, said at a press conference held at the US Embassy here yesterday. |
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October 10, 2008 |
All eyes turn to world leaders
CNNMoney
The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets. |
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