"Lost in the wake of Henry Paulson’s announcement Wednesday that Treasury is “changing direction” in how it doles out money in the bank rescue plan is a little-noticed lawsuit filed last Friday by Bloomberg LP, the business news wire service. It is suing the Federal...
created by talentedchimp | 4 years ago | updated 4 years ago 302 views | 5 recommendations | 0 comments
Personal responsibility is still a pillar of Conservatism, believe it or not. So, they forgive the mortgage companies, AIG, all the Big Banks, hedge funds, Ford, GMC, and Chevy, but not the college girl with her...
created by shaileshk | 4 years ago | updated 4 years ago 583 views | 0 recommendations | 0 comments
Spurred with a fresh rate cut, India's stock index surged the most in four years, led by energy and financial companies. There was renewed interest in the market after Standard & Poor's said the nation's...
created by Sanjay Jha | 4 years ago | updated 4 years ago 185 views | 0 recommendations | 0 comments
"Friday October 31, 2:18 am ET By Tomoko A. Hosaka, Associated Press Writer Japan's central bank cuts key interest rate to 0.3 percent in close vote; first cut in 7 years TOKYO (AP) -- The Bank of Japan voted Friday to cut its key interest rate for the first time in more...
created by danheil | 4 years ago 198 views | 2 recommendations | 0 comments
"Asian stock markets surge after Fed rate cut; South Korean index up 12.7 percent HONG KONG (AP) -- Asian stock markets rallied Thursday, led by a 12 percent jump in South Korea, after the U.S. Federal Reserve slashed interest rates to help revive the world's largest economy...
created by danheil | 4 years ago 144 views | 1 recommendation | 0 comments
The buying spree led US sharing soaring on Tuesday and Wall Street had the second-largest point gain in history for blue chips. The fresh hope in the market came with expectation of a rate cut and...
created by Sanjay Jha | 4 years ago | updated 4 years ago 87 views | 0 recommendations | 0 comments
The Indian rupee opened trade on Friday at a record low of 50.15 per dollar weighed down by heavy losses in Asian stocks which raised worries of more outflows from the local share market. The rapid withdrawal...
created by Sanjay Jha | 4 years ago | updated 4 years ago 992 views | 0 recommendations | 1 comment
To pump more than 600 bn rupees($12.2bn) in banking system , RBI slashed its CRR more then expectation.Previously RBI was supposed to reduse it to 8.5 % from 9%, but it redused it to 7.5%."The Reserve Bank of...
created by Amitjha | 4 years ago | updated 4 years ago 523 views | 2 recommendations | 1 comment
"U.S. Fed leads round of global interest rate cutsMove is to handle the worst financial crisis since 1929 stock market crash""BREAKING NEWS MSNBC News ServicesWASHINGTON - The Federal Reserve, acting in...
created by RayBanBro66 | 4 years ago | updated 4 years ago 147 views | 0 recommendations | 0 comments
Right out of the Jetsons !!" Are you an ultra-rich tech enthusiast with a hankering to own a piece of aero-automobile history? Moller International is now offering its M200X, the first flying car of its kind, up...
created by World_Groove | 4 years ago | updated 4 years ago 940 views | 0 recommendations | 3 comments
"In this recent CNBC broadcast forecasting legend Dr Marc Faber put the spotlight on the Federal Reserve as the cause of the global financial crisis and accused it of behaving like a drug dealer in making liquidity available."
Bad Bank Paulson, Pelosi had the task to announce the "Bad bank" creation finally by the US government. Originally the banks themselves proposed a $70 bn "Bad bank". Obviously the $70bn would have been just...
created by SOLARLIFE | 4 years ago | updated 4 years ago 219 views | 20 recommendations | 2 comments
When bourses all over the world are tumbling people are worried about their investment options. Gold is all time favourite during the economic crisis. The metal has long been considered a safe, alternative...
created by Sanjay Jha | 4 years ago | updated 4 years ago 163 views | 4 recommendations | 1 comment
The US Federal Reserve took some bashing today from members of Congress who criticized the loan given to AIG yesterday."In what may be a foreshadowing of the sort of questions Fed Chairman Ben Bernanke can expect when he testifies before congressional committees next week,...
created by Amy Judd | 4 years ago 193 views | 0 recommendations | 0 comments
English soccer titan Manchester United says that the financial turmoil surrounding their lead sponsor, AIG Insurance, will not affect the club. According to team officials, the club's massive four-year $100...
created by Jon Azpiri | 4 years ago | updated 4 years ago 1176 views | 12 recommendations | 7 comments