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4 Big Mortgage Backers Swim in Ocean of Debt
23 hours ago ago from The Cynical Economist
Did you believe the lairs who are saying we are in a recovery? From TNYT By MARY WILLIAMS WALSH Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial world remain on government life support. These companies, the American International Group , Fannie Mae , Freddie Mac and GMAC , are not only unable ...
Related contentAIG E-Mails May Reveal Who Gained From Bailout, Spitzer Says
12 hours ago ago from All About Work & Financial
American International Group Inc., should be forced to turn over e-mail messages that may reveal new information on how the insurer collapsed in 2008 and who benefitted from a $182.3 billion U.S. bailout, former New York Attorney General Eliot Spitzer and two law professors wrote. Such questions should be answered before the government sells its stake in the company, Spitzer, Frank Partnoy from the San Diego University School of Law and ...
Related contentThe 10 dumbest business moments for 2009
12 hours ago ago from Sox First - Main page 1 - SOX - Sarbanes-Oxley analyzed - Sarbanes-Oxley, management, compliance, IPO, enron
Whole Network Accounting Compliance Ethics executive pay SOX strategy Most popular Carbon trading desks targ... | Main | Google. tax and transpare... The 10 dumbest business moments for 2009 Filed in archive strategy by leon on December 21, 2009 What are some of the most stupid episodes in business this year? Too many to list here but here are my top 10. 1. John Thain s golden commode: Earlier this year, ...
Related contentShell Said to Plan $5 Billion Sale of Nigerian Assets
8 hours ago ago from DealBook
Royal Dutch Shell, Europe's largest oil company, is planning to sell oilfields in Nigeria valued at up to $5 billion, The Sunday Times reported.
Related contentThe Credit Crisis is Not Over Bob Chapman
19 hours ago ago from Dprogram.net
As we look back and this year comes to an end we find two plus years of failure. Even government admits to 1-1/2 years of negative growth a sorry record after having poured trillions of dollars into the economy. The recent 3rd quarter results supposedly broke that record. If it did it was the result of government stimulus and Fed monetization. If you look back further you will find a stock market that rallied 54% just to reflect the highs of ...
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Health Insurers Get Brief Relief on Proposed Tax
5 hours ago ago from BloggingStocks
Insurance companies just bought themselves a year. Claiming that a proposed tax on health insurance would force them to charge higher premiums, carriers were able to convince senators to defer this particular measure for a year. This comes as a benefit to UnitedHealth Group ( UNH ), WellPoint ( WLP ) and smaller companies writing health insurance policies. Manufacturers of medical devices have won some relief, as well, though the drug ...
Related contentGovt. on track to save $40B in contract costs
2 hours ago ago from U.S. News
Govt. on track to save $40B in contract costs WASHINGTON (AP) -- President Barack Obama on Monday touted the federal government's efforts to become more efficient, highlighting a new report that shows billions of dollars in savings on contract costs. The report by the Office of Management and Budget shows that agencies have identified more than $19 billion in contract savings for fiscal year 2010, which began Oct. 1. Obama said that puts ...
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