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Governments
Latest Headlines
Latest Headlines
Goldman Sachs alumni raise brows in European debt crisis
If there's a financial scandal brewing anywhere in the world, you can bet that people will eventually invoke Goldman Sachs as a prime player in some regard.
And so it goes with the European debt crisis. Pundits have had a field day, noting that the new president of the European Central Bank, M
Odd tale: Homeowner forced into HAMP program by Bank of America
So, you've heard it all when it comes to the foreclosure fiasco. All the botched foreclosures, the missing files, the simultaneous foreclosure and modification efforts and the robo-signers. How about the homeonwer? How about the couple that tried to "foreclose" on a bank and seize a branch?
Bu
Alternative investment spin-offs coming
Wall Street is still digesting the idea that the government seems bent on limiting their size and activity in a bid to make them less capable of sinking the system. One consequence may be that banks will be forced to ratchet down--perhaps even give up--their investments in hedge funds and private
Limits on energy trading really possible?
The recent volatility in energy commodities has drawn lots of attention in Washington--as well as in energy intensive industries, such as the airline industry and retail gas stations. In the current climate, it's not surprising that the head of the CFTC is talking about limiting the size of positi
Hedge funds bet against central banks
When you're convinced the central banks don't really have a grip on a global crisis, what do you do? You buy gold. Which is exactly what the likes of David Einhorn, of Greenlight Capital, is doing, as are Eton Park and TPG-Axon, according to the Financial Times . A bet on gold right now "is a b
Unintended consequence of government plans for Citi
The latest word is Citi, while no doubt exploring a lot of possible asset sales, intends to hang onto Banamex, its Mexico-based consumer unit. But Zack's notes that CEO Vikram Pandit just might be forced to change his mind. If the government were to end up with 40 percent of the common--and it
Credit thawing for some companies only
So are the credit markets really thawing? Well, it depends on who you are. Cisco certainly generated headlines for its successful $4 billion offering this week. The government's recent moves have definitely made people more receptive to top-rated companies, but that's not the case for ailing compa
World struggles to contain crisis
Did anyone really think it would get to this: a world recession? If you did, I hope you had the courage of your convictions, like John Paulson, and bet big. The fact is that the world is teetering at the edge of the unknown. The fear was evident this weekend, as world leaders continued to scramble
U.S. vs. UK on bailout plans
We're seeing lots of governments move to announce bailout plans. In the U.S., the Treasury is working all-out to implement the freshly passed plan. Britain just announced its own three-part plan. There's a key difference in the approaches of these plans: the U.S. plan will buy up risky assets, whi
