"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
The cost of insuring debt on some U.S. banks is higher than the cost of doing same for many third-world countries. Consider the spread on bank credit-default swaps, with Lehman currently more expensive to insure than Nigerian debt.
Bear Stearns has (had?) 14,000+ full time employees who owned one-third of all Bear Stearns stock, presumably much of it in retirement funds where they were not allowed to sell. Thus, thousands of people, many almost certainly not wealthy, just…
Bernanke is an academic and scholar of the Great Depression. Looks like that knowledge has been helping as the unprecedented, some say “out of the box”, moves by the Fed today have unquestionably stabilized financial markets that were on the…
American Leftist on why the financial blog Calculated Risk explains what’s going on way better than most left websites. They post frequently during the day in response to events, and the comments are absolutely phenomenal, with some more radical than…
That’s about $2 a share… Fed makes emergency rate cuts, eases borrowing.