Madoff’s Sons Attempted to Persuade Wachovia Exec to Invest in The Madoff Fund
It’s hard to believe that the two Madoff sons, Mark and Andrew, were not involved in their father’s ponzi-scheme. Also naive, if not illogical, is to... Read »
Yen and Dollar Ripped Higher on Obama Comments
The U.S. dollar and Japanese Yen have ripped higher after President Obama said that he may let automakers go bankrupt. Although this is not much of a surprise since... Read »
The Toxic Asset Plan: Will Banks Sell?
The big question surrounding the toxic asset plan is will banks sell? I’ve put a little pencil to paper here and come up with some actual numbers. First of... Read »
Obama: Bankruptcy Solution the Best Option for GM, Chrysler
President Barack Obama has determined that a prepackaged bankruptcy is the best way for General Motors Corp (GM) to restructure and become a competitive automaker,... Read »
OECD Releases Economic Projections Report on G7 Economies
The Organisation for Economic Co-operation and Development (OECD) released a report Tuesday with analysis of recent global economic developments and focuses on policy... Read »
France Threatens to Storm Out of the G20 Summit
France threatened on Tuesday to storm out of this week’s G20 summit if it did not get the results it wanted, despite Britain’s call for countries to... Read »
Home Prices Will Bottom Out at the End of 2009
Nationwide, home prices will bottom out at the end of this year, according to the forecasters at Moody’s Economy.com. Median prices will probably fall another... Read »
GM CEO Says ‘Bankruptcy More Probable than Ever’
The new chief executive of General Motors (GM), Frederick A. Henderson, said Tuesday that bankruptcy was “more probable” than ever for the automaker but that... Read »
Nearly $3 Trillion So Far Committed to Stabilize Fiancial Companies, Official Says
At a Senate Finance Committee hearing Tuesday, a special inspector general overseeing government efforts to bail out portions of the private sector said the U.S.... Read »
Fed Plosser on Financial Stability and Unwinding Lending Programs
Speaking on financial regulatory reform to an audience at the University of Chicago Booth School of Business, president of the Federal Reserve Bank of Philadelphia,... Read »
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