Justice Dept. demands UBS comply in tax evasion case...
Dems Split on Stimulus as Job Losses Mount, Deficit Soars ...
PAPER: Billions in aid go to areas that backed Obama in '08...
Health bill? Billions for parks, paths, farmers' markets...
Food Nanny: Feds to oversee school snack food...
Budget Cuts May Force Illinois To Free 10,000 Prisoners...
Congress digs into spending bills...
White House hit in skirmishes...
The Man Who Crashed the World
By Michael Lewis
Almost a year after A.I.G.'s collapse, despite a tidal wave of outrage, there still has been no clear explanation of what toppled the insurance giant. The author decides to ask the people involved-the silent, shell-shocked traders of the A.I.G. Financial Products unit-and finds that the story may have a villain, whose reign of terror over 400 employees brought the company, the U.S. economy, and the global financial system to their knees. Continue
Australia: People's bank to break the Big Four: The so-called people's bank would be similar to New Zealand's successful Kiwibank, which was set up to break the dominance of the Australian-owned majors.
Big Banks Don't Want California's IOUs: A group of the biggest U.S. banks said they would stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion annual budget gap.
Unemployment, Not the Stock Market, Distinguishes a Recession From a Depression: What are the most important and enduring characteristics of the Great Depression? And what should we monitor to determine how severe today’s situation really is?
Apartment Vacancy at 22-Year High in U.S., Says Reis : Job losses and falling wages are shrinking the pool of potential renters, defying forecasts that prospective homebuyers would rent rather that purchase as house prices decline.
True unemployment rate already at 20%: Not to scare you, but the situation is actually worse than it seems.
Goldman Could Lose Millions From Code Theft
Proprietary Trading May Cause October Crash
Recession May Trigger Housing Crisis
$400B SIV Market Sold Off In Two Years
US Vows Crack Down On Oil Price Speculators
Economists Dash Hopes Of UK Recession End
Number Of London Homeless Leaps 15%
IBM To Shut Final Salary Pension Scheme
G8 Begins Amid Worsening World Recession Fear
Germany Considers Direct Lending
EU Pushes For Cushion Banking Reform
G8 Risks Backtracking On Climate
Govts 'Must Prevent Suicides During Recession'
Get The Cuffs - They're At It Again - Securitization
The Remedy - Nationalize The Money System
True US Unemployment Already 20%
CA Credit Rating Cut Close To Junk
Ex Goldman Employee Charged With Taking Secrets
British Airways Workers Vote Against Job Plans
Investment Banks, Like Roaches, Survive Nearly Anything
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