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Time for bonus round at banks – CharlotteObserver.com
1 hour, 55 minutes ago ago from Mortgage News and Mortgage Rates
For 2009, Bank of America's personnel expense, which included salaries, bonuses and benefits, jumped to $31.5 billion from $18.4 billion in 2008. That number reflected the addition of Merrill Lynch employees and strong performance in certain business View original story
Related contentParallels between AIG & Greece…and the CDS puppetmaster behind it all
3 hours ago ago from Shadowtraders
Full story here from ZeroHedge. David Fiderer's below piece, originally published on the Huffington Post, continues probing the topic of Goldman and AIG. For all intents and purposes the debate has been pretty much exhausted and if there was a functioning legal system, Goldman would have been forced long ago to pay back the cash it received from ML-3 [Maiden Lane 3] (which in itself should have been long unwound now that plans to ...
Related contentGoldman's payment demands on AIG probed: Report | Business Insurance
17 hours ago ago from Business Insurance News, Analysis & Articles
Jump to content Advanced Search Welcome! Home Breaking News February 8, 2010 Goldman's payment demands on AIG probed: Report News & Opinions Breaking News News by country News by topic Comings & Goings Commentary Emerging Risk Strategies Current Issue Newsletters Opinions Perspectives Q&A Article ...
Related contentWhy I Trust Casinos More than Banks
6 hours ago ago from Gold Speculator
Today, our financial system is so broken that casinos have much more integrity in their business dealings than banks. Casinos Actually Have More Cash on Hand The largest casinos in Vegas and Macau have much more cash on hand on a daily basis than most branches of the largest banks in the world. Whereas banks typically only have a minute percentage of their clients cash on hand and are really a digital business, casinos are a cash ...
Related contentCDO Specials: AIG, Goldman Sachs & Societe Generale
13 hours ago ago from The Daily Bail
A pair of important new articles. ----- By David Fiderer Did Societe Generale ever view its $1.2 billion investment in Adirondack 2005-2 as a buy-and-hold proposition? Or was the bank's original intention to offload the risk on to AIG? The answer is central to our understanding of the portfolio of collateralized debt obligations, or CDOs, that wiped out the insurance behemoth. The circumstances of SG's, and other banks' ...
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