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'It's a Wonderful Life' Explains the Financial Crisis - Huffingtonpost.comFrank Capra's perennial Christmas movie "It's a Wonderful Life" is remembered mainly for celebrating civic and familial virtues. George Bailey sacrifices his dreams for those of others, but in the end receives the greatest rewards of all. But George ...
Economists Infiltrate the White House; Now What? - New York Times BlogsLast week, President-elect Obama dominated the news — and perhaps moved the markets — by spending the three days before Thanksgiving introducing one economist after another to the American public. There were Larry Summers , Peter Orszag ...
RBS Shareholders Cede Control to British Government (Update6) - BloombergNov. 28 (Bloomberg) -- Royal Bank of Scotland Group Plc will sell the government almost 20 billion pounds ($31 billion) of stock and a majority stake after shareholders bought just 0.2 percent of the equity offered in the U.K.’s biggest bailout ...
Europe Stocks Rise on China Stimulus; BHP, Deutsche Post Gain - BloombergNov. 10 (Bloomberg) -- European stocks advanced for a second day after China unveiled a $586 billion plan to stimulate the economy and world leaders urged more cuts in interest rates. BHP Billiton Ltd. climbed 11 percent and Rio Tinto Group jumped 8 ...
British government steps in to help banks - Seattle Post IntelligencerLONDON -- The British government announced a 50 billion pounds ($87.5 billion) plan on Wednesday to partly nationalize major banks, with taxpayers taking stakes in a bid to shore up a financial sector hard hit by the world financial crisis. Prime ...
Britain's banks will never be the same again - Belfast TelegraphThe Government's emergency measures to strengthen the banking system will also transform the landscape of the sector. Sean Farrell reports The party's over. Yesterday's extraordinary set of Government measures to bolster the banking system will ...
The year the roof fell in for the banks - IndependentShare As bonds in the three fallen Icelandic banks were being valued at mere "cents in the euro" in complicated auctions during the week, investors were comforted to hear Allied Irish Banks has no exposure to the economically embattled Nordic island ...
MONDAY, FEB. 12 - Wall Street JournalAn E.coli outbreak that closed some Taco Bell restaurants in December aggravated investor concern about Yum’s sluggish U.S. performance. That said, the fast-food company is going great guns overseas, which helped boost its stock 24% last year. See ...
The Biggest Heist in History - OpEdNews.comThe bailout is the biggest overt theft in history. Only healthy banks get funding --so why do they get a bailout? The 'bailout' is yet another monumental instance in which 'wealth is spread around' to those who do not need it, did not create it, did ...
Treat homeowners like Donald Trump - Marketplace.publicradio.orgKai Ryssdal: Commentator and writer Todd Buchholz has been listening to the debate over help for homeowners -- whether or not taxpayer money ought to be spent to save mortgage holders who're in over their heads. He says, nuh uh. Todd Buchholz: Get ...
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