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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.... Read more...
According to the Financial News Online write-down-o-meter, banks collectively wrote off $205 billion as of June. Since then, the total has marched higher. Is that number set to explode to even higher... Read more...
Will Lehman Brothers be forced to sell its Neuberger Neuman asset management unit? There's been a lot of talk that it might be forced to find a buyer or sell shares to... Read more...
In the wake of the Enron crisis, "fair-value accounting" seemed like a good idea. It was designed to create reporting uniformity and make it harder to play games. But it's turning out poorly for Wall... Read more...