Financial Crisis
The financial crisis of 2007–2009 has been called by leading economists the worst since the Great Depression, with questions of bank solvency, declines in credit availability, and damaged investor confidence causing global stock market declines.
So Long, Yankees! China And Brazil Ditch US Dollar In Trade Deal: Is The Dollar S...
by Julian
China and Brazil agreed to trade in each other’s currencies just hours ahead of the BRICS summit in South Africa. The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks the latest ef...
Citigroup to pay $730m to settle bondholder lawsuit--Your Comment?
by SUPREME COSMIC POWER, (SCOPO)
US banking giant Citigroup will pay $730m to settle a class-action suit by bondholders related to the 2008 financial crisis. The suit alleged Citigroup misled buyers of its bonds over its exposure to subprime mortgages and other high-risk securities...
The Latest Financial Crisis Pictures
With its violent crimes, high unemployment, dwindling population and financial crisis, Detroit was named on Thursday as the most miserable city in the United States. It toppled Miami, which held the title last year, and s...4 opinions2013/02/22 17:13:13
Australians have been paying off their mortgages and are $160 billion ahead. AUSTRALIAN families are now $160 billion ahead on their mortgages, squirreling away an extra $30 billion since the start of the GFC. About ...26 opinions2013/03/30 10:33:00
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, shocking Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed. Pandit's replacement, effective i...0 opinions2012/10/16 19:46:16
Europe devised a Cyprus bank bailout that taxes the accounts of savers. Should Europe be punishing good behavior, so as to bailout bad behavior, and will America enact similar polices? Find out as Col. Allen West explains ...4 opinions2013/04/23 23:40:56
Economic journalist Barry Ritholtz posted an outstanding critique of "Too Big To Fail" banks in the U.S. So, is he right? Have the United States been completely taken over by private financial institutions, for their own p...3 votes2013/03/17 18:01:19
by Peter Schiff Recently by Peter Schiff: The Fed's Tightening Pipe Dream As is typical, Wall Street and the media are celebrating a jobs report that...6 opinions2013/03/13 10:34:24
A report issued Wednesday by the special inspector general for the Troubled Asset Relief Program says the estimate is higher because of increased losses for the Treasury Department on sales of shares in bailed-out companie...1 opinion2013/01/31 03:23:41
Why some CEOs survive scandals Why do some scandal-plagued Wall Street CEOs hang on to their jobs “while others get the ax?” William D. Cohan Bloomberg.com Why do some scandal-plagued Wall Street CEOs hang on to...2 opinions2012/09/18 20:46:54
http://www.washingtonpost.com/business/economy/in-spain-finan... By Ariana Eunjung Cha , Published: August 27 The Washington Post Barcelona — Psychologist Angels Corcoles recently taught a seminar about self-...1 opinion2012/08/28 19:55:22
LIBYA WANTED GOLD FOR THEIR OIL, AND DID NOT WANT WORTHLESS DOLLARS OR EURO'S, WILL IRAN NOW BE BOMBED LIKE WE BOMBED LIBYA FOR THE ROTHSCHILDS FAMILY ? Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini ...2 opinions2013/01/16 05:22:48
Coined in the '80s and a driving principle behind Wall Street, the phrase "Greed is Good" was made famous by the eponymous film. but is greed ever good or even justifiable? Many now look at the multiple crises that we are...47 opinions2012/08/27 07:41:36
4 opinions2012/12/02 23:21:05
Interesting Person...and the things he see wrong and some rights with America. In his first interview since the world financial crisis, Gao Xiqing, the man who oversees $200 billion of China’s $2 trillion in dollar hol...65 opinions2013/02/23 07:37:19
Defence spend increases in budget: Smith The defence minister says the government will not be cutting Defence spending in the May 14 budget. THE Australian Defence Force won't suffer widespread spending cuts in thi...0 opinions2013/05/03 09:44:21
Americans are more upbeat about their job prospects and fears of being laid off are subsiding, a new survey shows.532 votes2013/04/25 15:00:00
WASHINGTON – Today, the U.S. Department of the Treasury announced that it has agreed to sell all of its remaining 234,169,156 shares of American International Group, Inc. (AIG) common stock at $32.50 per share in an ...8 opinions2012/12/11 14:18:59
See video here: http://www.youtube.com/watch?v=7ZpJeHN0_gw&feature;=player_em... Daniel Hannan opens by saying that the bailouts were a crime that will one day be seen as a generational offence. He highlights that he...3 opinions2013/01/27 21:05:42-
The Justice Department is preparing to file a civil lawsuit against the ratings agency Standard & Poor’s that will allege the company gave its seal of approval to toxic investments at the heart of the financial crisis,...3 opinions2013/02/05 20:03:47