Bloomberg Sues The Fed For Disclosure

"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...

Regulators nix credit card debt forgiveness plan

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...

Indian stock market regains, Asian shares up

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...

Bank of Japan cuts key interest rate

"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...

Asia stock markets surge after Fed rate cut

"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...

Asian stocks soar on rate cut hopes

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...

Indian Rupee Falls Through 50 to Record Low on Slump in Stocks

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...

Central Bank of India(RBI)cuts bank reserve requirement to 7.5 pct

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...

U.S. Fed leads round of global interest rate cuts .....

"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...

Vintage UFO on eBay's Auction Table

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...

Marc Faber see the Fed as a drug dealer! « Peter J. Cooper’s Weblog

"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."

US creates government sponsored Bad Bank

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...

Gold surges near $900 as credit crisis deepens

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...

Fed takes heat on AIG from both sides of Congress

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,...

Man United's New Sponsor: The U.S. Government?

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...

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