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How do we know Banks are lying about its Financial Position
The Dow fell 1.71% and the S&P fell 2.01%, followed by the Nikkei down 1.1% and European bourses down by a smaller amount this morning. The leader was the financial sector, the very thing that had inspired rallyettes earlier. The WSJ names JPMorgan, among others. To be... Sri Lanka faces Deutsche Bank claim in oil derivatives dispute
The Deutsche Bank claims that the Sri Lankan government violated the bilateral investment treaty between German and Sri Lanka. The bank has filed arbitration proceedings against the government of Sri Lanka over non-payment in oil derivatives deals with state refiner Ceylon... Anarchists attack 4 banks in Greece
Police say that four banks and a local branch of the ruling New Democracy party have been attacked in an "Athens suburb." A few hours before this attack, another New Democracy office was "firebombed." No arrests have been made yet. There were between 25-30 "protestors"... POLITICS TRIUMPH OVER ECONOMICS: US Congress to Tax Bonuses
US Congress of morons wants to enact a law to tax Bonuses AKA Retention Awards rather than enacting the law there can not be any Bonuses or Awards as long as Companies are in loss. If this Law would have been there... President Obama Holds Economic Town Hall in Costa Mesa, CA.
President Obama begins his visit to Southern California, where he plans to use a backdrop of job losses and home foreclosures to discuss a budget proposal, which will begin building a new... Bomb attack on Citibank Greece
Greece's anti - terrorism unit is investigating last night's bomb attack on a branch of Citibank in the Athens suburbs of Nea Ionia. The homemade device, which exploded at 3am resulted in no casualties but did...
created by Teacher Dude | 37 wks ago | updated 37 wks ago
465 views | 55 recommendations | 3 comments
465 views | 55 recommendations | 3 comments
Citigroup Preferred Stock Conversion Key to New US Treasury Deal
The Treasury Department has reached a tentative deal with Citigroup that may help the struggling financial company stay in business. The US Treasury has agreed to substantially increase its ownership in... Citibank Sends Nigerian Scammer $27 Million
37-year-old Nigerian scammer Paul Gabriel Amos convinced Citibank officials to wire him $27 million belonging to Ethiopia. Rather than go with the usual Nigerian nom de plumes like prince or will executor, Famous Amos pretended to be an official with the National Bank of...
created by puertoricoonline | 38 wks ago | updated 38 wks ago
60 views | 0 recommendations | 0 comments
60 views | 0 recommendations | 0 comments
the public is in no mood to bail out Citibank and its rich shareh
the public is in no mood to bail out Citibank and its rich shareholders.
Foreign Exchange - Currency OutlookThe financial crisis is made worse - prolonged - by the talk of US bank nationalization if nationalization is not a real possibility today, and we say it's not.... Machine gun attack and car bomb in Athens
Athens witnessed two more attacks by armed groups in the last 24 hours. In the first incident the car park of the Greek TV station, Alter was sprayed by machine gun fire and and an improvised explosive device was...
created by Teacher Dude | 39 wks ago | updated 39 wks ago
430 views | 70 recommendations | 6 comments
430 views | 70 recommendations | 6 comments
Ten signs of insolvency
The warning signs were all there, first identified by the partner in a firm that cleaned up after the corporate excesses of the '80s, and dusted off today in Australia's Sunday Mail. " 1. A company Mercedes-Benz... Atlanta Homeowners Get Help on Foreclosures
There is no doubt that the crisis in foreclosures is worsening. Recent surveys have all been proofs of the rising number of foreclosure properties in the country. With this situation in mind, some states did what... Citigroup to Receive a New Rescue Package From the US Government
Federal regulators have approved of a new plan to further bail out Citigroup and protect billions of dollars worth of assets belonging to the ailing banking giant. According to a report on CNN, the US government... Citibank Sweepstakes Gives Away 5 Million ThankYou(R) Points
Citibank is thanking customers -- a million times over -- for opening America's most rewarding checking account and today launches its Thanks-A-Million sweepstakes to give away a total of 5 million points to 16... Argentina renegotiates foreign debt
Margarita Island, Nueva Esparta State, Venezuela. As the world witnesses financial turmoil, the Argentinean government pushes for the re-scheduling and swapping of its foreign debt of US$150,000 million dollars....
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