ROVING REPORTER #OccupyWallSt Has Arrived. So Where's #OccupyLima?
A lot has changed since I've left the States. The nation flirted with economic catastrophe during the debt ceiling debacle. The Detroit Lions became a force in the NFL (with a passionate-bordering-on-... Posted on 10/17/11 at 12:30 PM
STAFF BLOG THE N.D. CAPITOL AND BEYOND Pomeroy votes yes on Wall Street bill
The House has passed the Wall Street bill. What do you think of the bill?
A statement from Rep. Earl Pomeroy, D-N.D.:
“Tonight’s vote is a big step forward for the American people. For yea... Posted on 6/30/10 at 1:33 PM
NASCAR DAD New Michael Moore Movie About Wall Street
Corporations and politicians caused global financial crash, economic lesson, a vampire movie ? Banking giants feast on victims blood ? or feast on their money ? The financial indusrty, including local... Posted on 6/14/09 at 4:08 PM
A Senate measure advertised as protecting taxpayers from another Wall Street bailout would still leave them fronting the money if the government moves to liquidate a big failing company like insurance giant AIG.
Democrats sent a massive Wall Street regulation bill to the full Senate on a party line vote Monday after a temporary retreat by Republicans that still left the bill’s chances for bipartisan passage in doubt.
BRUSSELS (AP) — Wealthy European nations were moving closer toward swallowing a bitter pill Tuesday: rescuing Greece from its overspending before its debts drag down the euro and stock markets all the way to Wall Street.
Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult.
Lecturing Wall Street on its own turf, President Barack Obama warned financial leaders not to use the recovering economy to race back into “reckless behavior” that could cause a new meltdown. He declared that a bailout-weary public will not break their fall again.
By Ben Feller, The Associated Press
, September 15, 2009
Goldman Sachs is emerging as the king of post-meltdown Wall Street.
The New York-based banking giant took advantage of improving markets to widen the gap between itself and its competitors, earning more than $2.7 billion during the second quarter.
Music lovers weren’t the only ones drawn to the King of Pop. Wooed by his global fame and earning power, a bevy of financial firms ponied up tens of millions to finance the singer’s luxe lifestyle and kick-start his troubled career.
Bernard Madoff spent his first day under electronic monitoring Thursday as President-elect Barack Obama said the scandal brought on by the disgraced investor “has reminded us yet again of how badly reform is needed.”
Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street’s credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis.
Wall Street’s best day in two weeks — and one of its best ever — brought little real reason to celebrate.
Even the manic, final-hour of buying that sent the Dow Jones industrials soaring almost 900 points Tuesday was overshadowed by the reality that it could turn on investors in an instant.
By Christopher S. Rugaber and J.W. Elphinstone, The Associated Press
, October 29, 2008
Wall Street capped one of its worst weeks ever with a wild session Friday that saw the Dow Jones industrials gyrate within a 1,000 point range before closing with a relatively mild loss and the Nasdaq composite index actually ending with a modest advance. Investors were still agonizing over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session.
Wall Street joined in a worldwide cascade of despair Monday over the financial crisis, driving the Dow Jones industrials to their biggest loss ever during a trading day. Even a big afternoon rally failed to keep the Dow from its first close below 10,000 since 2004.
Joel Bel Bruno and Tmi Paradis
, October 07, 2008
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