
Neil Barofsky: Geithner Doctrine Lives on in Libor Scandal
• nakedcapitalism.com/Now that Tim Geithner has resigned as US Treasury secretary, it is time to survey the damage wrought from four years of his approach to the financial crisis.
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Now that Tim Geithner has resigned as US Treasury secretary, it is time to survey the damage wrought from four years of his approach to the financial crisis.
Yesterday at Bloomberg we got the chance to meet David Woo, BofA/ML's brilliant strategist for Global FX and rates.
Some of the wealthiest Californians are threatening to pack up and leave over a newly adopted federal and state income tax hike.
“Harper rightly notes that E-Verify is in fact a national ID card, writing last week that, ‘the system must biometrically identify everyone who works—you, me, and every working American you know.
The story begins in 1971. Richard Nixon was facing re-election. The Vietnam war was threatening his popularity at home, but just as big an issue with voters was the soaring cost of food.
Robert Shiller, the Yale economist who nailed the housing bubble before it burst, was on Bloomberg Television with Trish Regan on Wednesday afternoon to discuss the U.S. housing market.
Jim discusses Germany’s repatriation of gold and the questionable response of and 8 year timeline by the United States to return the gold. Fed Easing and the effects on those who invested properly vs. those who benefit from printing money.
TreasuryYield30Years (^TYX) -Chicago Options 3.1810 0.04(1.24%) 3:28PM EST Add to Portfolio.
The U.S. Post Office is expected to announce later this morning that it will end weekend mail delivery beginning this summer.
It’s out there, though it’s not easy to see: Empty desks, vacant conference rooms, unoccupied office parks.
– you have to drive for 45 minutes to get there from your job. And the idea has gone, well it’s not gone, but it’s diminished – that this would be a good investment. So the latest data, ever since the crisis, almost all new housing has been rental. N
The Great Recession may have delayed the plans of many recent college graduates.
Graduate student borrowers are defaulting on almost US$1 billion in federal loans that were given out to the poor. US colleges such as Yale, Penn State and George Washington are coming after them in the courts, suing for nonpayment. All three col
It turns out that the biggest financing market is not in corporate bonds or even mortgages.
PepsiCo makes Quaker Oats, Nestle makes Hot Pockets, and 58 other company-brand relationships.
Peter Schiff: Retirement Will One Day Soon Be As Rare As Single Income Households
The defining characteristic of a zombified system is the way it hands out its rewards.
Starting this week, Chicago police are changing their responses to 911 calls. They’ll no longer come right away to reports of things like criminal damage to property, vehicle thefts, garage burglaries, or other crimes in which the suspect is no longe
Consumers have been spending more on gasoline than they have in nearly three decades.
Back in 2007, more than 146 million Americans were employed. Today, only141.6 million Americans are employed even though our population has grown steadily since then. When the government and the media tell you that we are in a "recovery"
jobs
Or at least get your money out. Doug Casey interviews Peter Schiff
The corporate state has made it clear there will be no more Occupy encampments.
What is it with this economy? The Dow hits 14,000, the unemployment rate rises in January, and GDP actually falls in the last three months of 2012.
Washington’s Dilemma on a “Lost” Planet Does the United States still have the same level of control over the energy resources of the Middle East as it once had?
Someone, somewhere will surely blame the upcoming Q1 GDP miss on what just happened in New Orleans.
While in the past 3 months both the USDJPY and the Nikkei index have soared on the same vague mix of promises (than can never be delivered), and threats (by central bankers, which work only as long as they remain purely abstract and are not acted upo
If you want to know what the future of America is going to be like, just look at the city of Detroit.
Hold on to your wallets: we are in the middle of a gas price spike, and experts say it will only get worse. CBS 2′s Courtney Gousman learned several factors might push the price in our area to more than $4 a gallon.