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News Source: Star Tribune
| about 9 hours ago
The Treasury Department says an another large investment company has raised sufficient capital to join the government in buying toxic bank assets to help spur more normal lending. Marathon Asset Management LP, which was founded by Bruce Richards and
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News Source: Channel NewsAsia
| about 14 hours ago
Originally, the Federal Reserve Bank of New York asked a consortium of banks to help rescue AIG. That fell through, but after the U.S. government showed that it wasn't willing to let AIG fail, some of those same banks demanded that Uncle Sam pay them
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News Source: Los Angeles Times
| 4 days ago
When American families sit down to dinner later today, I'd wager that at many tables the traditional expressions of gratitude -- for family, security, friendship, health -- will be joined by this one: Thank you, Wall Street, for the price of gold. Is
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News Source: The Motley Fool
| 5 days ago
Culled from a nearly endless pile of fodder, here are the top 10 dumbest banker quotes of all time. I will hurt the shorts, and that is my goal." -- Former Lehman Brothers CEO Dick Fuld, April 2008 When your lone goal is an egotistical crusade to "
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News Source: MarketWatch
| 6 days ago
In "The Battle for the Soul of Capitalism" Jack Bogle no longer sees Adam Smith's "invisible hand" driving "capitalism in a healthy, positive direction." Today, his "Happy Conspiracy" of Wall Street plus co-conspirators in Washington and Corporate
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News Source: Disinfo.com
| 7 days ago
This Marketwatch report suggests the latter, but I wonder if we’ll know when the smart money gets out… Gold has long been favored by a fringe of the investment world, but this year some of the world’s leading hedge-fund managers have loaded up
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News Source: The New York Times
| 7 days ago
No Lessons Learned on Wall Street Published: November 23, 2009 Let’s stipulate: Lloyd Blankfein and Jamie Dimon are enlightened, broad-gauge chief executive officers, among the finest in the world. Their firms, Goldman Sachs and JPMorgan Chase,
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News Source: Virginian-Pilot Online
| 8 days ago
Suddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say. The chairman of the Federal Reserve Board is