The Fiscal TimesJPMorgan's Loss: What Banks Still Haven't LearnedThe Fiscal TimesAren't losses part of the game? Why does one loss matter if it is more than offset by other trades' gains? The problem, says Scott E. Harrington, professor…
Facebook IPO: What Happened when NASDAQ FailedThe Fiscal TimesBy RODRIGO CAMPOS and JOHN McCRANK, Reuters For nearly 20 minutes on the morning of Facebook Inc's trading debut, May 18th, the line Nasdaq had opened up to keep traders informed about t…
Globe and MailWhy that flat Facebook IPO isn't so bad after allKansas.comThe botched offering of Facebook stock has raised several troubling questions, but at least we don't have to worry about the one that plagues most IPOs: How is it that a f…
Amid a glimmer of hope of a breakthrough in “Super Committee” deliberations, a slender majority of Fiscal Times budget and political experts surveyed this week predicted the 12-member bipartisan congressional panel will meet its looming dea…
Among the growing signs that the U.S. is bracing for the possibility of default:
Treasury Secretary Timothy Geithner and Federal Reserve Board Chairman Ben Bernanke met Friday for 90 minutes to begin contingency plans for preventing a default fro…
Jul 21, 2011
Why banks aren’t lending
By Ellen Brown
Why aren’t banks lending to local businesses? The Fed’s decision to pay interest on US$1.6 trillion in “excess” reserves is a chief suspect.
Where did all the jobs go? Small and medium-sized b…
The clock is ticking. The $14.3 trillion debt ceiling must be raised or the economy courts catastrophe. At least, that is what the chairman of the Federal Reserve Board, the Treasury Secretary, the Business Roundtable, the U.S. Chamber of Commerce, …