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They Warned Us About the Mortgage Crisis - Yahoo NewsMore than five years ago, in April 2003, the attorneys general of two small states traveled to Washington with a stern warning for the nation's top bank regulator . Sitting in the spacious Office of the Comptroller of the Currency , with its ...
Anti-Obama Boomerang? - SlateGeraghty carves up the latest Newsweek poll , which has Obama up by 11. ... Newsweek 's findings that McCain is doing better among young people than old people, and better among women than men , seem especially strange. A party breakdown of 40 Dems ...
Unsafe Havens - Bloomberg.co.jpUnsafe Havens U.S. money market funds have invested $11 billion in subprime debt, much of it managed by Bear Stearns. By David Evans Bloomberg Markets October 2007 Money market funds were invented 37 years ago to offer investors better returns than ...
GE under siege - CNN MoneyFormer CEO Jack Welch ranted on CNBC that he'd "shoot [Immelt] if he doesn't make what he promised now." (Fortune Magazine) -- When Warren Buffett went to bed at his Omaha home on the evening of Tuesday, Sept. 30, he asked his wife, Astrid, to wake ...
Uncle Sam: Too Fat to Fail? - Wall Street JournalThree weeks before the selection of a U.S. president, we are witnessing a generalized global collapse of confidence in financial and political institutions. On Tuesday, after another dramatic plummet in the Dow Jones Industrial Average of 508 points ...
Credit default swaps and those who issued them are to blame for crisis - Lake County Record BeeThe average American is puzzled by the current financial crisis. The reason is that the problem occurred at what can only be viewed as the rarified air of finances, finances that allow CEOs to receive millions of dollars in yearly salary. Let's ...
Undernews: Rezko Alert - SlateMcCain wants to fire Chris Cox as head of the Securities and Exchange Commission and appoint ... Andrew Cuomo , under whose leadership the federal Department of Housing and Urban Development damaged several New York neighborhoods when it permitted ...
Stewards of Capital Gather at NYSE. What Happens Next? Who Knows? - Wall Street JournalThe best minds of our generation are thinking about it, but — sorry — they don’t have an answer. How do we know? Well, if you heard a rumble in lower Manhattan today, it was the sound of a supercollider of power and finance: Blackstone Group ...
Financials, energy stocks lead the way to big losses on stock markets - 680 NewsTORONTO - North American stock markets racked up more losses Thursday with New York's Dow Jones industrials moving below the 9,000 mark for the first time since August, 2003, led by sharp declines in financial and energy stocks. In another volatile ...
Stocks to struggle despite rescue plan - Tehran TimesNEW YORK (Reuters) -- Wall Street's mood will likely remain dark this week as fallout from the credit crisis continues to corrode the U.S. economy and questions linger about the likely effectiveness of the newly passed bailout plan in shoring up the ...
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