"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
This from Alan Greenspan, whose Ayn-Rand-influenced, anti-regulatory, easy money policies at the Fed were a primary cause of the current financial crisis. He of course, takes no blame for any of it. Life is so simple when you are an…
Barclays and BofA have bailed out of any attempt to salvage Lehman Brothers. Special trading sessions are happening now so other firms can try to net out their exposure to Lehman in advance of an expected bankruptcy filing before open…
It is, however, incredible that, despite 6 months having passed since Bear Stearns hit the rocks, there still is no special resolution regime for investment banks in the US. The US Secretary of the Treasury and the responsible parties in…
The threat of global warming is so great that campaigners were justified in causing more than £35,000 worth of damage to a coal-fired power station, a jury decided yesterday. In a verdict that will have shocked ministers and energy companies…
NY Times The New York Fed has told the heads of major Wall Street firms to prepare for an orderly liquidation of Lehman Brothers on Monday and that “if the industry failed to solve the problem their individual banks might…