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Economy - Economics USA

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Daily Telegraph

China has resorted to stealth intervention in the currency markets to amass US dollars, using indirect means to hold down the yuan and ease the pain for its struggling exporters as the global slowdown engulfs the economy.

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Collections companies are re-animating debt from the grave to chase you down and eat your brain!

News Link • Global Reported By Chip Saunders
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Naked Capitalism

The plot is already familiar: the Friday night, FDIC prepack, in this case, with Birmingham, Alabama-based Regions bank assuming all $974 million of deposits and $34 million of assets. The bank focused on real estate lending and had a "faith bas

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Michael S. Rozeff for

The entire enterprise of Government, in the bloated and intrusive form we know it as, is destined to fail. The failure of any and every coercive monopoly Government is assured by its own dynamics.

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NY Times

The New York attorney general's office is probing the relationship between Fidelity Investments and Goldman Sachs Group in connection with the sale of auction-rate securities, the Wall Street Journal said, citing a person familiar with the invest

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Infinite Unknown

The FDIC, which had shrunk to 4,600 employees from 23,000 at the height of the savings and loan meltdown, has been gearing up for another wave of bank failures. It’s hiring 70 new employees and bringing back 70 retirees to beef up its teams that s

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LA Times

Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business was starting to attract shady operators and billions in losses were possible.

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US stocks fell sharply on Monday as credit concerns hounded financial stocks while global growth worries hurt big technology and industrial companies. The 3 major indexes fell about 2% each, wiping out gains booked on Friday, though traders said thin

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The Columbian Bank and Trust Company, Topeka, Kansas, was closed today by the Kansas Bank Commissioner, and the Federal Deposit Insurance Corporation and entered into a purchase agreement with Citizens Bank and Trust, Chillicothe, Missouri, to assume

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