"This is a time to condemn the bankers, not to embrace them. They are the scoundrels who got us into the biggest economic mess since the Great Depression, lining their own pockets while destroying the life savings of those who trusted them. Yet both of our leading...
""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...
After failing to gobble up Yahoo, Microsoft turns its face to FaceBook.Whatdaya think the 70,000,000 Facebook members think?"SEATTLE (Reuters) - Microsoft Corp gauged Facebook's interest in a possible acquisition...
Investment bankers and Hedge Funds honchos are suffering.Some of them are ditching their beach properties in The Hamptons, prices on trophy homes are coming down and many 'new poor' are rethinking their plans for the summer.A six bedroom ocean front home offered for the...
"While New York Governor Eliot Spitzer was paying an "escort" $4,300 in a hotel room in Washington, just down the road, George Bush's new Federal Reserve Board Chairman, Ben Bernanke, was secretly handing over $200...
A fascinating and provocative editorial look at how our 'civilization' has been and still is dominated by psychopaths passing themselves off as caring leaders. The earmarks of a psychopathic personality turn...
Normally, I am never at a loss for words on any topic, this time News Columnist Eric Margolis takes the words right out of my mouth."Western nations have been rightly scourging China for flooding world markets with...
Look out global citizens of countries other than the USA. If you feel safe ensconced in your home country of Britain, Canada, or anywhere else, don't. Should the US Administration or law enforcement...
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USA Today reports (Noelle Knox 12/4/2007) that Treasury Secretary Henry Paulson will unveil a plan on Thursday to forestall foreclosures and ease the housing recession.
The release of plan's details will coincide with the release of data from the Mortgage Bankers...
To shine a light into the muddy darkness created by the flood of anti-Chavez rhetoric coming out of the US Administration and all mainstream media over the last year, world renowned political analyst James Petras...
It is interesting to see how history plays similar in Argentina. Two of Peron wives had become President of Argentina, Evita and Isabelita. Now is Mrs Kirchner who is on the way. "BUENOS AIRES, Sept. 24...
"With fixed mortgage rates falling to the lowest level in three months, applications for loans at major U.S. lenders rose to the highest level in three months last week, the Mortgage Bankers Association reported Wednesday.
Total applications - including purchase loans and...
No, I am not into conspiracy theories. What is being reported about what happened at the AIPAC meeting today when Pastor John Hagee came to speak is true. I am including a number of pieces that are appearing in various blogs on the internet. I will be curious to see how...
highlighted by KEARNEY | 1 year ago | updated 1 year ago 1426 views | 6 comments
As an unsupervised young chief trader in Singapore
in 1995, Nicholas W. Leeson lost $1.3 billion in frenzied trades in
Japanese stock futures and bonds, destroying his employer, the
233-year-old Barings Bank, which had Queen Elizabeth as a customer. Now,
Mr. Leeson, having...
"Daily Real Estate News | December 18, 2006
Real Estate Rebound Expected in 2007
Doug Duncan, chief economist for the Mortgage Bankers Association, expects the 30-year mortgage rate to hover around 6.5 percent for the remainder of the year, but climb to 6.8 percent by the...