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Latest Headlines
Dodd-Frank bill to become law, so what?
The Dodd-Frank bill, like all major pieces of legislation, is tailor made for politicians. The rhetoric rains down like ticker-tape, from supporters and detractors alike. Some might call this the "toughest restrictions on the financial industry since the Great Depression," as the Washington Po
Finally, the new bank bailout
Tim Geithner basically acknowledged that previous government efforts had failed. The new program is sort of a grab bag:
A new bad bank program, to be run by the Treasury and the Federal Reserve, with financing from the private sector, to buy toxic assets to the tune of $250 billion to $500
Financial carnage spreads to GE
We don't speak much of GE here, but the financial crisis has really hurt GE Financial. Fortune notes that the world still tends to think of GE as a diversified industrial company, but the fact is that "for years, about half of GE's prodigious profits have come from General Electric Capital, a
