NEW YORK -- U.S. taxpayers may have to share in the losses on US$301 billion of Citigroup Inc. loans and securities covered by federal guarantees after unemployment reached a 26-year high, according to the Congressional panel overseeing bank-bailout... Full Article at China Post
Nov. 9 (Bloomberg) -- U.S. taxpayers may have to share in the losses on $301 billion of Citigroup Inc. loans and securities covered by federal guarantees after unemployment reached a 26-year high, according to the Congressional panel overseeing... Full Article at Bloomberg.com
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting! OK, so we don’t necessarily see eye-to-eye on the reasons, but at least Democrat Maria Cantwell is asking the right question! Full Article at The Classic Liberal
Last year's measures to stop the panic appear to have been the easy part of Washington's response to the financial crisis. Full Article at The Deal: Blogs
Joshua Rosner examines the House regulatory reform bill, which does not, in its current form, acknowledge that "Too Big to Fail" is too big to exist. Full Article at Huffington Post
We interrupt your regular reading habits to bring you the following important announcement: CounterPunch needs your financial support! We're not in the habit of making idle threats and this isn't one. Full Article at Counterpunch
Here’s what we learned today on The Opening Bell: 1. CEOs think oil prices are headed higher next year. Southwest Airlines CEO Gary Kelly made that clear to me. 45% of Southwest’s fuel portfolio is hedged this year and 65% for next year. Full Article at FOX Business
Ranking the rescues The collapse of Lehman led to a deeper recession and a litany of government programs to try to end the pain. We rate just how bold and effective the plans have been so far. Full Article at CNN/Money
This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. Full Article at ParaPundit
Click on the headline (link) for the full text. Full Article at Energy Bulletin