World leaders at the Group of 20 meeting this week should force banks to build up their reserves substantially to avoid another acute financial crisis, a leading association of regulatory experts said Monday. Lurking behind the appeal from the Eur
George Green updates the ground crew at Project Camelot conference September 20th.
About 40 percent of all U.S. junk bonds outstanding in late 2008 will likely default by 2013 as government aid measures end and a wall of corporate debt comes due, Bank of America Merrill Lynch said. By contrast, the cumulative five-year default rate
California's jobless rate set a fresh postwar high in August, rising to 12.2% from 11.9% in July and putting more pressure on the state's tattered unemployment insurance fund. Though the state may be in the early stages of an economic rebound, the
The stock market bounced back, just as it has for nearly three decades. It just doesn't feel that way. Last year's financial meltdown knocked the swagger out of Americans' views toward investing. The baby boomers who forged the Reagan bull market; su
The senior Senate Democrat shepherding legislation to overhaul the nation’s financial system is planning to propose the merger of four bank agencies into one super-regulator, an idea that is significantly different from what President Obama envisions
Sept. 19 (Bloomberg) -- President Barack Obama said tougher financial regulations are needed worldwide to protect consumers, provide economic stability and prevent future crises. With the leaders from the Group of 20 nations set to meet next week
Sept. 9 (Bloomberg) -- The Federal Deposit Insurance Corp. proposed a six-month, emergency-only extension to its debt guarantee program as regulators move to wean companies from federal aid approved at the height of last year’s credit crisis.
UN report says pandemic may result in anarchy unless western world pays for antiviral drugs and vaccines
Construction employment saw significant declines in all but two states this August compared to last year according to an analysis of new state-by-state employment figures released today by the federal government.
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
Business is just fine for those clinging to the flabby skin of expanding government And talk about the Military-Industrial Complex: ....
Are these companies in your portfolio? Panic! Read » Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy.
The Federal Housing Administration (FHA), which guarantees a good chunk of the mortgages written each year, is in serious trouble.
[means they have another way to cheat] Federal regulators turned their attention to the fast-paced and opaque electronic trading systems that critics contend gives hedge funds and other financial firms an unfair advantage over individual investors.
90% of wages till you die will be a thing of the past with the collapse of pensions and hyperinflation
Congress has raised the debt ceiling four times in the past two years and will probably have to do it again in the next month.
These are the times that try our souls… …well, maybe not our souls…but at least our convictions. But look at gold this morning!
Some analysts now contend that China can no longer afford to let the gold or silver price slump. The rationale behind that contention is that with the Chinese government now telling the general populace to buy precious metals, it would be highly prob
Tim Geithner, the Goldman Sachs Secretary of the Treasury, has gone on record as saying that the government will withdraw its $3 trillion backstop guarantee from the money market fund industry, on schedule, this September 18.
Professor Tim Congdon from International Monetary Research said US bank loans have fallen at an annual pace of almost 14pc in the three months to August (from $7,147bn to $6,886bn). "There has been nothing like this in the USA since the 1930s," h
This week marks the one-year anniversary of the Lehman bankruptcy. The media struggles to say something meaningful about it. Here at The Daily Reckoning we will not even attempt meaningfulness. We’ll be satisfied with a few snide remarks.
Energy office Officials at the Treasury Department think cap-and-trade legislation would cost taxpayers hundreds of billion in taxes, according to internal documents circulated within the agency and provided to The Washington Times.
Sales at U.S. retailers rose at their fastest pace in three-and-half years in August as government-sponsored auto incentives buoyed demand for motor vehicles, according to data that also showed strong sales outside the auto sector.
Gold closed at $999 on Tuesday. Then, yesterday, it closed down $2. There’s a time to buy gold; and there’s a time to sell it. Which time is it? The question rose with the gold price itself. It needs an answer. The price of gold today, adju
"The real problem over the past 10–15 years has been that regulators have not let people fail. Had they let people fail we would have solved this problem a long time ago. I don't know why they're not in jail," Rogers said.
The US economy has not really recovered from last year’s financial crisis, and the policies of the Federal Reserve, the US’s central bank, are ensuring that the suffering will continue much longer than necessary, US House Rep. Ron Paul told CNN.
Here is a summary she provided(that is a smart lady named Janet Tavakoli, who wrote a book titled, Dear Mr. Buffet) for MaxKesier.com on where she thinks we are today two years since the crisis began
(I would REMIND you when reading these the proposed obama regulations have no teeth no enforcement!) A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk. Goldman Sachs [GS