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Bear, Deloitte & Touche Sued Over Mortgage Funds’ Collapse
This just keeps getting uglier."The suit seeks the recovery of $1 billion in losses, as well as punitive damages, from Bear and auditor Deloitte & Touche. The Cayman Islands-appointed liquidators,...Protesters enter Bear Stearns building in New York
60 people entered the Bear Stearns building in New York this afternoon brandishing placards and protesting against the U.S. Federal Reserve's help in bailing out the investment bank, and they were demanding help for...
US Federal Reserve slashes rates
Amid concerns over the state of the US economy and jittery financial markets, the US Federal Reserve has cut interest rates by three quarters of a percentage point."
The central bank lowered rates to 2.25% from 3%, but the cut was smaller than financial markets had expected.... After Bear Stearns Rescue, Who's Next?
" With a deal in place to save Bear Stearns from bankruptcy, the company's shares traded above the offer price Monday even as investors began turning a critical eye to other investment banks amid worries about how far the credit contagion could spread."No Leprechauns in America
For centuries, the leprechaun has served as a symbol that everyday people through luck or hard work might one day be able to obtain their own pot of gold. For American’s those days might be over. Hoping to avoid a...The BearStearn Bears Further the Market Crisis
This was splashed across the morning's financial news -"Stocks were pummeled after a plan to alleviate a liquidity crisis at Bear Stearns sparked concerns about the depth of the problems in the already roiled...Home Mortgage Broker nears bankruptcy
The long-awaited "sub-prime" crisis may yet be heralded by the bad news released today about Home Mortgage Investment Corp. and its reported troubles making payments. And yet - consumer confidence in the US continues to surge ahead of other business indicators (see...Another Great Depression? The Fed's Role in the Bear Stearns Hedge Funds Melt...
"The Bank for International Settlements issued a warning this week that the Federal Reserve’s monetary policies have created an enormous equity bubble which could lead to another “Great Depression”. The UK Telegraph says that, “The BIS--the ultimate bank of central...Architects unveil glimpse of new St. Joseph school
Architects working on designs for a new school in St. Joseph will present new exterior drawings tonight. The designs will be part of an update about the school for St. Cloud school board members. St. Cloud school...Bush Says Allies United Against North Korea - Voice of America
" Stearns report - Download 216k Listen to Stearns report U.S. President George Bush says North Korea is once again testing the resolve of nations trying to stop its nuclear weapons program. George Bush President Bush says it is not the first time North Korean leader Kim...Bush, Blair Discuss Mideast Crisis - Voice of America
" Stearns report - Download 349k Listen to Stearns report President Bush says Secretary of State Condoleezza Rice is returning to the Middle East with plans for a United Nations force to separate Israeli troops and Hezbollah militants fighting in southern Lebanon. Mr. Bush...
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