April 2009
US Planning to reveal bank stress test results for Top 19 Banks to restore confidence.
The US government could disclose bank stress test results details about the financial health of its top 19 biggest banks in a bid to reassure investors and restore confidence in the financial system. US government regulators are conducting stress tests...
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...
January 2009
How Royal Bank of Scotland lost $37 billion: technically insolvent
There is an old saying that financial stocks lead the markets up and conversely lead them down. Which way do you think the markets are heading…hint: who’s getting the most help? Not to worry though, because they say it’s typical during su...
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