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"Now the Fed’s commitment to at least two more years of near-zero interest rates is setting off a new round of carping about rising hard asset prices." Read the full story at The Financial Times
"The US Federal Housing Finance Agency is preparing to sue some of the biggest US and European banks over their failure to inform buyers of securitised mortgages about the quality of the underlying assets. The FHFA... Read More
"With the unemployment rate at 9.1 per cent in August, about 7.3m US workers collect some form of unemployment insurance benefit, according to the National Employment Law Project, with the average weekly benefit... Read More
"The unemployment outlook for the next 16 months reflects a 9.1 percent rate this year, down slightly from the 9.3 percent forecast when President Obama made his annual budget request in February. Next year, the... Read More
"The government report on hiring, released on Friday, prompted another round in a relentless diminution of economic expectations. The unemployment rate, at 9.1 percent, did not change last month, and the White House... Read More
"The number of jobs in the U.S. was reported as unchanged in August, and while that number will likely eventually be revised to a loss or a gain, the stagnation provides an apt metaphor for a stalled labor market where... Read More
"The U.S. jobless rate was flat at 9.1% in August, but the government’s broader measure of unemployment rose to 16.2%, matching the highest rate this year." Read the full story at The Wall Street Journal
"One way to gauge today's job market is to look at the historically low percentage of adults who are working." Read the full story at The Wall Street Journal
"The U.S. economy slammed into a wall in August, failing to add any jobs for the first time in nearly a year and ratcheting up pressure on President Barack Obama to find a way to kick-start the sputtering recovery.... Read More
"The top federal housing regulator filed lawsuits on Friday against 17 of the world's biggest financial institutions, saying they sold $196 billion of risky home loans over four years to Fannie Mae and Freddie Mac... Read More
"A bruising legal fight pitting the country’s most powerful banks against the full force of the United States government began Friday, as federal regulators filed suits against 17 financial institutions ... Read More
"Attacks on the chairman of the Federal Reserve aren’t new." Read the full article at The New York Times
"The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac is set to file suits against more than a dozen big banks, accusing them of misrepresenting the quality of mortgage... Read More
"Federal regulators launched a broad legal assault on big banks Friday, claiming they sold nearly $200 billion in fraudulent mortgage investments to housing giants Fannie Mae and Freddie Mac that led to... Read More
"The Commodity Futures Trading Commission reiterated Wednesday that CME Group Inc. needs to add more compliance staff to oversee its commodity exchanges.  The CFTC made the same recommendation a year ago... Read More
"The Securities and Exchange Commission voted unanimously Wednesday to ask the public a series of questions about the use of derivatives by mutual funds and other investment companies." Read the full story at... Read More
"While the SEC directed its staff for years to purge certain investigative records, other agencies in the United States and abroad that enforce financial laws have instructed that similar documents be kept."... Read More
"U.S. home prices increased in the second quarter but fell compared with the same period last year, painting a mixed picture of the real-estate market amid plummeting consumer confidence." Read the full story at... Read More
"For anyone who thought the U.S. banking sector was healthy, Warren Buffett’s $5 billion investment in Bank of America should be a wake-up call." Read the full story here
"It was only two years ago that there was a spirited debate about whether to break up the country’s biggest banks so the government would never again have to step in and bail them out for fear that a failure would... Read More