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Apparently Sen. Claire McCaskill has lost patience with Wall Street and its less then ethical ways (to put it diplomatically) of generously rewarding utter incompetence.... Read »

Apple (AAPL) this week is advising members of its reseller channels that supply of iMacs will be constrained in the immediate future, a move that may signal new... Read »

The Financial Services Roundtable, a group representing large financial institutions such as BofA (BAC) and Allstate Corp (ALL), urged the U.S. Congress on Friday... Read »

GDP Better than Expected, Market Tanks

Gross Domestic Product (GDP) is the most widely-used indicator for the health of an economy. So, when the fourth quarter GDP number was released prior to the market... Read »

The German govt has rejected the idea of adopting a “bad bank” approach where the country’s financial institutions would park their toxic assets. Instead,... Read »

During a news conference called to outline his preliminary budget for FY2010, NY Mayor Michael Bloomberg said that he has proposed cutting the city budget by about... Read »

CNBC’s Charles Gasparino says that according to sources, “bad bank” plan is being put on hold due to hitting a major snag.  Read More →

According to Bloomberg, dealers plan to overhaul credit- default swaps in March to curb risks in the $28 trillion market, making the derivatives more like bonds... Read »

The National Association of Realtors (NAR) released its latest Housing Affordability Index (HAI) today, showing that housing affordability reached an all-time record... Read »

Obama plans Friday to reverse an executive order allowing unionized companies to post signs alerting employees that they are allowed to leave unions. Labor unions... Read »

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