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Press Releases - PR-206-2009 11/13/2009
fdic.gov — IBERIABANK, Lafayette, Louisiana, Assumes All of the Deposits of Orion Bank, Naples, Florida En Español Orion Bank, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance ... (more) Press Releases - PR-206-2009 11/13/2009
Why Compel Young Adults to Buy Health Insurance They Don't Need and Don't Want?
mjperry.blogspot.com — Barack Obama won the presidency with 66% of the vote among adults ages 18 to 29 - a larger share than any presidential candidate in decades. So it's ironic that his health plan could impose its greatest hidden taxes on young adults. Young adults make ... (more) Why Compel Young Adults to Buy Health Insurance They ...
Discretion and financial regulation
interfluidity.powerblogs.com — An enduring truth about financial regulation is this: Given the discretion to do so, financial regulators will always do the wrong thing.... (more) Discretion and financial regulation
Coming Soon: Jobs!
Coming Soon: Jobs!
slate.com — The jobs are coming. Click image to expand. The jobs are coming Like some gothic serial novelist, the Bureau of Labor Statistics delivers another chapter of the same grim tale on the first Friday of every month. In October, the unemployment rate ... (more) Coming Soon: Jobs!
PBGC Releases Annual Management Report for Fiscal Year 2009
pbgc.gov — WASHINGTON— The Pension Benefit Guaranty Corporation (PBGC) ended fiscal year 2009 with an overall deficit of $22 billion, according to the agency's Annual Management Report submitted to Congress today. The result compares with the $11.2 billion ... (more) PBGC Releases Annual Management Report for Fiscal Year 2009
World Out of Balance
World Out of Balance
nytimes.com — International travel by world leaders is mainly about making symbolic gestures. Nobody expects President Obama to come back from China with major new agreements, on economic policy or anything else. But let’s hope that when the cameras aren’t rolling ... (more) World Out of Balance
Bernanke Lunches on Wall Street as Jobless Rebound Buoys Stocks
bloomberg.com — Nov. 16 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke has succeeded in returning the U.S. economy to growth after the longest contraction in more than six decades. So far Wall Street, not Main Street, has been the primary beneficiary. ... (more) Bernanke Lunches on Wall Street as Jobless Rebound Buoys ...
FRB: Speech--Bernanke, On the Outlook for the Economy and Policy--November 16, 2009
federalreserve.gov — Chairman Ben S. Bernanke At the Economic Club of New York, New York, New York November 16, 2009 On the Outlook for the Economy and Policy When I last spoke at the Economic Club of New York a little more than a year ago, the financial crisis had just ... (more) FRB: Speech--Bernanke, On the Outlook for the Economy ...
75,343 Bogus jobs 'created or saved' by the Stimulus
washingtonexaminer.com — View Bogus jobs 'created or saved' by the Stimulus in a larger map More than ten percent of the jobs the Obama administration has claimed were "created or saved" by the $787 billion stimulus package are doubtful or imaginary, according to reports ... (more) 75,343 Bogus jobs 'created or saved' by the Stimulus
Securities Docket A.M. News Wire for 2009-11-17
Securities Docket A.M. News Wire for 2009-11-17
securitiesdocket.com — Rajaratnam in talks with U.S. for at least 30 days http://bit.ly/12U6E # Hackers targeting lawyers, PR firms http://bit.ly/3ZC0pw # Financial Fraud Task Force to Be Announced Today http://bit.ly/37EkBg # Debra Patalkis Joins Schiff Hardin in D.C. http://bit.ly/1rHYLw # Michael ... (more) Securities Docket A.M. News Wire for 2009-11-17
Volcker Criticizes Move to Sidestep Accounting Standards
Volcker Criticizes Move to Sidestep Accounting Standards
nytimes.com — A proposal to give banking regulators authority to block accounting standards is “a terrible idea,” Paul A. Volcker , a former chairman of the Federal Reserve Board , said Monday. Mr. Volcker has been an outspoken critic of “mark to market” ... (more) Volcker Criticizes Move to Sidestep Accounting Standards
Bernanke On Bailouts, Repeal Of Glass-Steagall & Freedom To Fail
Bernanke On Bailouts, Repeal Of Glass-Steagall & Freedom To Fail
dailybail.com — Video: Federal Reserve Chairman Ben B-52 Bernanke Addresses The Economic Club of New York -- Speech, November 16, 2009 ----- B-52 spoke yesterday before the Economic Club of New York.  You'll notice Maria, upper right, taking copious notes during the 4-minute clip, as she pretends to ... (more) Bernanke On Bailouts, Repeal Of Glass-Steagall & Freedom ...
What Health Care Reform Means for: Medicare Programs
onthehillblog.blogspot.com — Neither the House health care reform bill nor the Senate Finance Committee bill eliminates Medicare Advantage, but both would reduce what the government is willing to pay. The boon for private insurers from higher premium subsidies has long been a prime target for budget savings, especially among (more) What Health Care Reform Means for: Medicare Programs
President Obama Establishes Interagency Financial Fraud Enforcement Task Force
President Obama Establishes Interagency Financial Fraud Enforcement Task Force
sec.gov — Attorney General Eric Holder, Treasury Secretary Tim Geithner, Housing and Urban Development (HUD) Secretary Shaun Donovan, and Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro today announced that President Barack Obama has ... (more) President Obama Establishes Interagency Financial Fraud ...
FRB: Speech--Kohn, Policy Challenges for the Federal Reserve--November 16, 2009
federalreserve.gov — Vice Chairman Donald L. Kohn At the Kellogg Distinguished Lecture Series, Kellogg School of Management, Northwestern University, Evanston, Illinois November 16, 2009 Policy Challenges for the Federal Reserve I titled my talk "Policy Challenges for ... (more) FRB: Speech--Kohn, Policy Challenges for the Federal ...
California faces a projected deficit of $21 billion -
California faces a projected deficit of $21 billion -
latimes.com — California faces deficit Gov. Arnold Schwarzenegger will present his next proposed budget in January. Republicans vow to block new taxes; Democrats say they are through with cuts. ( Eric Paul Zamora / Associated Press ) (more) California faces a projected deficit of $21 billion -
Grim truths Obama should have told Hu
Grim truths Obama should have told Hu
ft.com — Ingram Pinn illustration Barack Obama, president of the US, met Hu Jintao, president of the People’s Republic of China, for a private meeting on Tuesday. The agenda was long, covering the world economy, climate change and non-proliferation of nuclear ... (more) Grim truths Obama should have told Hu
At  Failed Banks, Post-Mortems Disclose Excessive, Yet Obvious, Risk
At Failed Banks, Post-Mortems Disclose Excessive, Yet Obvious, Risk
nytimes.com — The coroner’s report left no doubt as to the cause of death: toxic loans. That was the conclusion of a financial autopsy that federal officials performed on Haven Trust Bank, a small bank in Duluth, Ga., that collapsed last December. In what sounds ... (more) At Failed Banks, Post-Mortems Disclose Excessive, Yet ...
Economists Opposing Fed Audit Have Undisclosed Fed Ties
hf-implode.com — As the debate over an audit of the Federal Reserve intensifies in the House, one camp is trotting out eight academics that it calls a "political cross section of prominent economists." A review of their backgrounds shows they are anything but. (more) Economists Opposing Fed Audit Have Undisclosed Fed Ties
EU Lisbon jobs open thread
EU Lisbon jobs open thread
fistfulofeuros.net — It’s now clear that the Thierry Henry assist on the William Gallas goal last night is going to generate more commentary and interest than tonight’s filling of the new EU jobs (Council President, High Rep. for Foreign Policy, and Secretary General of the Council), but nonetheless, we ... (more) EU Lisbon jobs open thread
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