Overall effects of said short term ban in favor of investors and financial firms are rendered as questionable...
The Treasury named Assistant Secretary for International Economics and Development, Neel Kashkari, as head of the $850+ billion government program that will buy soured investments to help restore t...
Reversal of the decision from earlier in the week, along with an added $150 billion tacked onto the initial $700 billion figure for bailing out institutions in order to cease the loss of confidence...
***European Commission*** gives the green light to the British government to rescue Britain's Bradford & Bingley. This is the 2nd UK bank after Northern Rock to be rescued in a year. 41 billion pou...
Belgium, The Netherlands and Luxembourg invested 11.2 billion euros ($16.3 billion) in Fortis, Belgium's biggest financial-services firm, to restore confidence in the bank after shares fell 35 perc...
"FDIC says Wachovia didn't fail..." Wachovia's banking operations were bought by an already debt-burdened and derivative-laden Citigroup on 9/29/08, with the FDIC brokering, using some of its own ...
Fabled investor Warren Buffett took advantage of the turmoil in the markets last week to make a shrewd $5 billion investment in the beleaguered but best-run major Wall Street securities firm, Goldm...
First naked short selling, then general short selling, is banned 'temporarily' in order to prop up equities in at-risk sectors.
Venerable 89 year old insurance firm's stock falls from a 52 week high of $70.13 to just $1.25, and it reports losses of $13.2 billion in just the first six months of 2008 due in large part to the ...
The venerable 158 year old brokerage was not saved by the Feds. Core question to ponder is: Why save Bear, Merrill and the others, but not Lehman?
Venerable 94 year old brokerage - the largest of its - with a $26 billion market cap and 60,000 employees worldwide, succumbed to the credit crisis and was absorbed by Bank of America, which alread...
The government sponsored enterprises Fannie Mae and Freddie Mac, founded in 1938 and 1970, respectively, are taken over by the government. They collectively retain $1.6 trillion of debt. Were the...
The head of Korea Development Bank said Tuesday that the state-owned lender is in discussions about potentially acquiring troubled U.S. investment bank Lehman Brothers as part of a larger investmen...
Office of Thrift Supervision in Washington seizes this sprawling Pasadena, California-based savings and loan, which carried massive toxic mortgage exposure on its books. $32 billion in assets list...
$147 a barrel, to be exact. Oil's rise again serves to deflect the forces of price deflation resulting from bursting asset bubbles - in this case the housing and mortgage bubbles - just as it did ...
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