WallStreetBlips - Top Government News, Videos, and Blogs

Bank of England says financiers are fuelling an economic 'doom loop'

Sat, 7 Nov 2009 09:39:19 +0000

The banking sector must be overhauled as profoundly as in the wake of the Great Depression or financiers will 'game the state' over and over again.

naked capitalism found this 16 hours ago on telegraph.co.uk

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Bank of England, Depression

Civil War In Corporate America: Banks Battling The Chamber On Accounting Rules

Fri, 6 Nov 2009 22:24:24 +0000

Amid the ongoing financial regulation overhaul, the banking industry is hoping to pull off a quiet power grab that has eluded its grasp since the Great Depression, by stripping the independence of the board that sets financial accounting standards. The move could effectively let banks set their ...

FT Alphaville found this 27 hours ago on huffingtonpost.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

My Visit to the US Treasury, Part 5

Sat, 7 Nov 2009 21:23:59 +0000

One other blogger took his nameplate with him — I’m not sure who; the rest left theirs. But this is what was in front of each one of us as we sat down to discuss matters at the US Treasury. Treasury officials had similar nameplates. It dictated where we would sit as well. ...

Alephblog posted 4 hours ago from alephblog.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, US Treasury, Treasury Bills

Inside Higher Ed

Sat, 7 Nov 2009 12:30:13 +0000

Everybody knows that college is harder to get into today than ever before, right? That's why students flock to test-prep courses, and spend countless hours trying to transform themselves into what they imagine admissions deans want. Admissions deans have tried to play down the hype, and just ...

Marginal Revolution found this 13 hours ago on insidehighered.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

What is systemic risk, anyway?

Sat, 7 Nov 2009 07:49:57 +0000

On October 30, the Center for Financial Innovation and Stability at the Federal Reserve Bank of Atlanta held a conference on Regulating Systemic Risk . The presentations mostly focused on the recent financial crisis and possible regulatory responses to those developments. Oddly enough, the ...

Economist's View found this 18 hours ago on macroblog.typepad.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Risk Management, Financial Crisis

Vanityfair: Endless Summers

Thu, 5 Nov 2009 10:44:36 +0000

Throughout his dazzling but controversial career—top World Bank economist, Treasury secretary, Harvard University president, and now head of the White House National Economic Council—Larry Summers has been his own worst enemy. As friends, colleagues, and Summers himself try to explain his ...

DealBook found this 2 days ago on vanityfair.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Lawrence Summers

The Associated Press: STIMULUS WATCH: Salary raise counted as saved job

Wed, 4 Nov 2009 20:23:26 +0000

3 days ago WASHINGTON President Barack Obama's economic recovery program saved 935 jobs at the Southwest Georgia Community Action Council, an impressive success story for the stimulus plan. Trouble is, only 508 people work there. The Georgia nonprofit's inflated job count is among persisting ...

Coyote Blog found this 3 days ago on google.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Stimulus Plan, Barack Obama

McCulley 10-09 The Uncomfortable Dance Between V’ers and U’ers

Mon, 2 Nov 2009 08:40:29 +0000

Click here to read Paul McCulley's biography. Around the world, in investment committee meetings and on trading floors (and at the Fed!), one question dominates discussion and debate: How can it be that risk assets, notably common stocks, have been roaring ahead, presumably discounting a robust ...

EconLog: Library of Economics and Liberty found this 5 days ago on pimco.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

To The SEC: Prove It

Sat, 7 Nov 2009 20:22:51 +0000

"Everyone likes to make a buck. But nobody wants to play in a rigged casino - unless they're one of the people who is either being kicked back profits for doing the rigging or one of the beneficiaries."

iehi posted 5 hours ago from hf-implode.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, SEC

TARP Loses $299 million Investment in United Commercial Bank

Sat, 7 Nov 2009 18:09:00 +0000

From the LA Times: United Commercial Bank is shut down, sold to East West Bancorp Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators Friday night ... United Commercial's collapse may cause a greater-than-usual stir because ...

Rover found this 7 hours ago on calculatedriskblog.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Anglo Irish Bank, FDIC

Geithner, Brown Split on Tobin Tax as G-20 Seeks Rebalancing

Sat, 7 Nov 2009 19:54:46 +0000

Group of 20 governments split on whether to tax financial speculation as part of a broader strategy to ensure the global economy’s expansion is less crisis-prone. U.K. Prime Minister Gordon Brown told a meeting of G-20 finance chiefs in St. Andrews, Scotland today that such a levy could ...

iehi posted 5 hours ago from hf-implode.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Gordon Brown, Timothy Geithner

AIG Taps $4.2 Billion From Treasury for Two Units

Sat, 7 Nov 2009 19:50:40 +0000

-- American International Group Inc., the insurer rescued by the U.S., tapped the Treasury Department for another $4.2 billion to help restructure its money-losing mortgage guarantor and the plane unit it’s trying to sell. AIG accessed about $2.1 billion from its Treasury facility on Aug. 13 ...

iehi posted 6 hours ago from hf-implode.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, American International Group, Treasury Bills, US Treasury

Barking Up the Wrong Tree

Sat, 7 Nov 2009 09:39:19 +0000

After reading the news, participating in key industry conferences and doing some thinking, I've come to the following conclusion: the regulators - and Congress - are barking up the wrong tree. They would have you believe that the equity markets are rigged, retail investors are screwed and that ...

naked capitalism found this 16 hours ago on informationarbitrage.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

Fed's Path to Higher Interest Rates Begins to Take Shape

Wed, 4 Nov 2009 19:24:55 +0000

JON HILSENRATH An economic recovery seems to have begun, and Federal Reserve officials are thinking mostly these days about how to unwind the unprecedented stimulus they've pumped into the economy. Eventually that will mean raising interest rates. What will a Fed tightening cycle look like? When ...

The Big Picture found this 3 days ago on online.wsj.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Interest Rate

Consumer debt drops for record 8th straight month

Fri, 6 Nov 2009 20:00:00 +0000

WASHINGTON (MarketWatch) - Outstanding consumer debt fell at a 7.2% annual rate in September, the eighth consecutive decline, the Federal Reserve reported Friday. Consumer credit fell by $14.8 billion to $2.46 trillion in September, down 4.7% compared with a year ago. Outstanding credit can ...

Calculated Risk found this 29 hours ago on marketwatch.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Federal Reserve

"Demystifying Social Knowledge"

Sat, 7 Nov 2009 09:39:19 +0000

Daniel Little looks at different approaches to "understanding society": Demystifying social knowledge, by Daniel Little : There seem to be a couple of fundamentally different approaches to the problem of "understanding society." I'm not entirely happy with these ...

naked capitalism found this 16 hours ago on economistsview.typepad.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Social Democrats

Securities Docket A.M. News Wire for 2009-11-07

Sat, 7 Nov 2009 10:55:00 +0000

Web Watch: Best Blog Posts and Columns For the Week Ending Nov. 6, 2009 http://bit.ly/1UiYNv # FINRA: How Well Do You Know Your Cleaning Crew? http://bit.ly/1Y7fHx # Thank You to Our Sponsors http://bit.ly/3qHefI # Former Jeffries Money Manager Indicted for Insider Trading ...

bcarton posted 14 hours ago from securitiesdocket.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, SEC, Twitter, AmerisourceBergen

Pelosi Breaks Pledge to Put Final Health Care Bill Online for 72 Hours Before Vote

Fri, 6 Nov 2009 13:55:00 +0000

Speaker Nancy Pelosi's office tells THE WEEKLY STANDARD that the speaker will not allow the final language of the health care to be posted online for 72 hours before bringing the bill to a vote on the House floor, despite her September 24 statement that she was "absolutely" committed to doing ...

Heavy Lifting found this 35 hours ago on weeklystandard.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, Nancy Pelosi, Bill Clinton

Charles Krauthammer on the realignment myth of 2008

Fri, 6 Nov 2009 17:14:52 +0000

Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who ...

Cato @ Liberty found this 32 hours ago on washingtonpost.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government

Khuzami: 2009 SEC Quote of the Year

Fri, 6 Nov 2009 17:25:52 +0000

It is still only November, but here is your leader in the clubhouse for 2009 SEC Quote of the Year (it comes from Enforcement Director Rob Khuzami): “There should be a moment — hopefully before you’re holding a bag of cash delivered to you by somebody codenamed ‘the Octopussy’ — that causes ...

bcarton posted 32 hours ago from securitiesdocket.com

Find more top finance news, videos, and blogs on WallStreetBlips: Government, SEC