Do you remember that Fannie and Freddie had to be bailed out by the government – I mean taxpayers – so their total implosion wouldn’t trigger a global depression? The guy who engineered their bailout is worried.
Tag Archive for Economic Crisis
Latest Business Headlines
Where Wealth Declined Most (and an Income Riddle) – NYTimes.com
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By BINYAMIN APPELBAUM The bleak portrait of the financial health of American families that the Federal Reserve published Monday shows that the impact of the economic crisis has fallen with disproportionate weight on the middle class. The middle 60 percent of American families had a larger decline in wealth and income on a percentage basis than…
European Crisis
In Spain’s bailout request, Greece’s crisis played key role – The Washington Post
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Spain was forced to seek a bailout this weekend, becoming by far the largest country to need help during Europe’s 2 1 / 2-year-long economic crisis. But it was tiny Greece that pushed Spain over the brink. Greek voters head to the polls Sunday with a stark choice between leaders who accept the harsh terms of…
Latest Business Headlines
Insight: In Greece, a painful return to country roots – Video | Reuters
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(Reuters) – Thirteen years after abandoning rural Greece for a career in graphic design, Spiridoula Lakka finds herself in the last place she expected to end up – watering a patch of lettuce and herbs in her sleepy village. As Greece sank into its worst economic crisis since World War Two, Lakka had already given…
Latest Business Headlines
Italy money laundering reports skyrocket: central bank | Reuters
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(Reuters) – Italy’s worst economic crisis since World War Two has been a boon to the country’s mafia organizations with reports of suspicious bank transactions rocketing, the Bank of Italy said on Wednesday. Reports of suspected money laundering through financial institutions rose 147 percent in 2010-11 from the previous two years “and they are still…
Latest Business Headlines
Rampant corruption is aggravating EU crisis
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BY NIKOLAJ NIELSEN BRUSSELS – Corruption and lack of transparency are endemic throughout the EU, with direct links to the economic crisis. The damning conclusion of a major study by the Berlin-based NGO, Transparency International (TI), was put forward at a hearing in the European Parliament in Brussels on Wednesday (6 June). “Europe by and…
Contributors- Economic and Financial, Must Read
The End Of The Euro: A Survivor’s Guide
by Simon Johnson • • 0 Comments
By Peter Boone and Simon Johnson In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them. To understand why, first … Continue reading →
Facebook News
Facebook IPO a ‘missed opportunity’ – MarketWatch
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Facebook IPO a 'missed opportunity'MarketWatchBy MarketWatch Bill Hambrecht, Google's auction banker, says that Facebook and CEO Mark Zuckerberg missed a valuable opportunity, writes John Shinal. See full story. Investors are reeling from E…
European Crisis
The Economic Crisis in Greece – Video – The New York Times
by Lee Adler • • 0 Comments
Video The Economic Crisis in Greece – Video Library – The New York Times.
Latest Business Headlines
Sales in China Fuel BMW’s Profit – New York Times
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BloombergSales in China Fuel BMW's ProfitNew York TimesFRANKFURT — Bayerische Motoren Werke said Thursday that profit in the first quarter rose 18 percent as China surpassed the United States as the carmaker's largest market for the first tim…
