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Britain To Break Up Biggest Banks
The WSJ reports ( on-line ): “The U.K.’s top treasury official Sunday said the government is starting a process to rebuild the country’s banking system, likely pressing major divestments from institutions and trying to attract new retail banks to the market.” The ...
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Break up the big banks
hf-implode.com 9/15/2009 — "President Barack Obama pledged on Monday “to put an end to the idea that some firms are ‘too big to fail.’” Though he outlined some worthy prescriptions, he failed to face up to the very size and power of the financial institutions that makes “too big to fail” possible."
FT.com / Comment / Opinion - To fix the system we must break up the banks
ft.com 9/11/2009 — I n coming up with solutions that address the immediate crisis but fail to tackle dangerous systemic issues, the Group of 20’s emerging ideas on the banking industry bear a striking resemblance to the Americans’ response to the dotcom crash of ...
King calls for break
ft.com 10/20/2009 — Mervyn King, governor of the Bank of England, called on Tuesday night for banks to be split into separate utility companies and risky ventures, saying it was “a delusion” to think tougher regulation would prevent future financial crises. Changing face ...
Britain facing biggest deficit in Western world warns OECD
telegraph.co.uk 6/25/2009 — OECD warns that Britain faces the worst deficit in the industrialised world dashing hopes that the biggest postwar economic slump will soon end.
Regulation Didn’t Break Banks; Police Don’t Cause Crime
paul.kedrosky.com 10/28/2009 — Good comment from John Kay in the FT: Their activities underwritten by implicit and explicit government guarantee, it is increasingly business as usual for conglomerate banks. The politicians they lobby sound increasingly like their mouthpieces, ...
The Problem with the Biggest Tax Break in America — The American, A Magazine of Ideas
american.com 6/15/2009 — The biggest tax break in America tax-free health benefits from employers could be scaled back to pay for President Obama s overhaul of the nation s healthcare system. Richard Wolf, USA Today, June 10, 2009 As Congress digs into the issue of healthcare ...
** TIME FOR A BREAK **
tuckerreport.com 5/20/2009 — I need a trading break for a couple of weeks. I will return to posting soon. I may not be able to answer emails promptly, but I will answer them. Trade carefully.
Big Banks Fail
baselinescenario.com 10/22/2009 — In the Wall Street Journal on Tuesday morning , Charles Calomiris , a leading banking expert, published an op ed entitled “In the World of Banks, Bigger can be Better.” It begins, “Legitimate concern about the risks to taxpayers and the economy posed by banks that are ...
BOE More Likely to Expand Bond Purchases on GDP Slump (Update1)
bloomberg.com 10/23/2009 — Oct. 23 (Bloomberg) -- Britain’s failure to escape the worst recession since World War II may force the Bank of England to increase its bond-purchase plan next month, economists said. Seven months after Governor Mervyn King’s central bank started a ...
SmartPhones: Citi Downgades RIMM, PALM To Sell; Upgrades MOT To BuyBARRONS.com: Tech Trader Daily 27 days ago
Score this one for Motorola (MOT) . Citigroup analyst Jim Suva this morning upgrade MOT shares to Buy from Sell, while also downgrading both Palm (PALM) and Research In Motion (RIMM) to Sell ratings. (He previously had a Buy on RIMM ...
ValueClick Rallies; Citi Backs Off Sell RatingBARRONS.com: Tech Trader Daily 26 days ago
ValueClick (VCLK) shares are getting a boost toady from Citigroup analyst Mark Mahaney , who lifted his rating on the stock to Hold from Sell, while maintaining his $12 price target. The stock closed yesterday at $9.21. Mahaney notes that the ...