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News Source: Disinfo.com
| 5 months ago
Over the past six months, politicians, businessmen and pundits have been convinced that we are in the midst of a crisis of capitalism that will require a massive transformation and years of pain to fix. Nothing will ever be the same again. "Another...
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News Source: Los Angeles Times
| 5 months ago
The plan would give the government new powers to seize key companies whose failure jeopardizes the financial system, as well as creation of a watchdog agency to look out for consumers' interests. June 16, 2009 But critics say the easing of the...
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News Source: Arizona Republic
| 5 months ago
The Obama administration's plan to revamp regulation and prevent any more crashes like those that felled AIG and Lehman Brothers includes a bold new idea: Empower the Federal Reserve to oversee the biggest financial players whose failure could...
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News Source: Asian Wall Street Journal
| 5 months ago
President Barack Obama spent the first five months of his presidency trying to make sure the worst financial shock in 70 years didn't push the U.S. economy into a depression. He will spend the next five months or so trying to redo the rules of...
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News Source: Uinta County News
| 5 months ago
America has been heated, cool heads prevailed when the time came to tackle the problem. On June 10th Tim Geithner, America’s treasury secretary, said the government would not impose fierce restrictions such as caps on pay...Instead, it wants...
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News Source: Channel NewsAsia
| 5 months ago
The US dollar jumped on Monday against the euro to its highest level since March on European financial sector concerns and after receiving rare Russian backing. Investors also sought the safety of the dollar amid a global stock market sell-off on...
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News Source: Asian Wall Street Journal
| 5 months ago
The Obama administration's proposed revamp of financial-sector regulation relies on a high-risk strategy that pins much of the plan's success or failure on the president himself. The exhaustive series of meetings and nitty-gritty debates that forged...
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News Source: Star Tribune
| 5 months ago
Aiming for greater limits and more clarity in the nation's financial system, the Obama administration on Monday proposed adding muscle to the Federal Reserve and new restrictions on complex securities whose collapse choked lending and hit millions of...
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News Source: Channel NewsAsia
| 5 months ago
Mainland China's holding of US Treasury bonds fell for the first time in nearly a year, the US government said on Monday after Chinese leaders voiced fear over the soaring US budget deficit. Other emerging powers Russia and Brazil have also trimmed...
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News Source: Fox News
| 5 months ago
On Monday, Treasury Secretary Timothy Geithner spoke at a New York event addressing the Obama Administration’s proposed revamping of the financial regulatory system. At the event held by Time Warner, Geithner addressed ways the American people and...