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"So riddle me this: How did we go from blaming “banksters” for all our financial ills to now casting teachers, cops and firefighters as overpaid government slackers who are keeping an economic recovery from... Read More
"The stock market's recent wild swings have unsettled many investors, but they have led to record profits for high-frequency traders following months of disappointing returns, industry analysts and money managers... Read More
"In what can only be described as a triumph of bad policy and craven politics, Congress and the Obama administration have spent the year focused on budget cuts, as the economy has faltered and unemployment has worsened... Read More
"OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.... Read More
"The Federal Reserve’s announcement last week that it intended to keep credit cheap for at least two more years was a clear invitation to Americans: Go out and borrow.  But many economists say it will... Read More
"High youth unemployment is not just a North African problem. The looting that ravaged English cities last week happened in a country where one in five young people is jobless. The picture in the US is no better. In... Read More
"They were never going to attract outpourings of sympathy from the general public. But the job cuts that have hit whole echelons of the world’s biggest banks in recent weeks have not only attracted little... Read More
Bank of New York Mellon Corp., facing increasing allegations it improperly charged public pension funds for currency trades, favored other clients with red-carpet treatment and better pricing, a state attorney general... Read More
"Barely two years after the financial crisis ended, Treasury Secretary Timothy F. Geithner and Federal Reserve Chairman Ben S. Bernanke were back at it about a week ago. They were working the weekend phones with their... Read More
"Last week, the Federal Reserve announced it was lowering its forecast for the U.S. economy. The Fed now sees signs that economic growth is decelerating, job creation is soft and that deflation — not inflation... Read More
"Mr Trichet and Ben Bernanke, his governors opposite number at the US Federal Reserve, had both watched with foreboding in the first week of August as weak US economic data led to a stock price slide, while in... Read More
"US consumer sentiment is at its worst for more than three decades, suggesting that a destructive argument about the debt ceiling, a ratings downgrade from Standard & Poor’s and a plunge in the stock market... Read More
"A partial ban on short selling in the eurozone boosted European bank  shares on Friday, but led to confusion among market participants unclear about how the rules would be applied." Read the full story... Read More
"Fuming traders and marketmakers have scrambled to cover short positions and rejig their trading platforms after a late-night announcement that four European countries were banning short selling of financial... Read More
"One of the most volatile weeks in market history sparked a bigger flight to safety than the collapse of Lehman Brothers as global investors parked a record $50bn in money market funds this week, yanking money out of... Read More
"On Thursday, attorneys general in Virginia and Florida filed civil suits against BNY Mellon alleging that the bank cheated pension funds in those states by choosing improper prices for currency trades the bank... Read More
"Financial markets’ growing concern about the state of European banks exposes a reality that the political theater in the U.S. had obscured: The euro area’s debt troubles are probably the single largest... Read More
A European market regulator announced Thursday night that short-selling of stocks in several countries would be temporarily banned in an effort to stop the tailspin in the markets. Read the full story at The New York... Read More
The Securities and Exchange Commission has asked credit rating agency Standard & Poor's to disclose who within its ranks knew of its decision to downgrade US debt before it was announced last week, as part of a... Read More
The real issue around Bank of America is not whether it survives, but whether it sacrifices Countrywide to save itself. More specifically, will Bank of America put Countrywide into bankruptcy? And will this stem... Read More


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