April 2009
American International Group plans sale of U.S. auto business, 21st Century Insurance, to Zurich Financial Services
US taxpayer-bailed out insurance giant American International Group Inc. (AIG) is in advanced talks to sell its US personal lines insurance business, 21st Century Insurance, to Zurich Financial Services for about $2bn. Selling the unit, which includes ...
March 2009
Dr. Ben S Bernanke Calls for Increased Financial Market Regulation
Guide Regulatory Revamp, Less Restrictive Money-Fund Rules! Federal Reserve Chairman, Ben S Bernanke urged an overhaul of financial regulatory policies and accounting rules in an effort to smooth out the extreme volatility in financial markets. Bernank...
February 2009
Financial Stability Plan: What is Timothy Geithner new bank rescue plan?
I don’t know how the private-public partnership will work. But it does look like for the ‘bad bank’ the losses will mostly be suffered by taxpayers, and gains will mainly be by plutocrats. The new plan might be a rerun of the Bush adm...
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