... illusion of political choice while I secretly maintain complete control.”
Complete control is what the megabanks , the top-of-the-food-chain corporate interests, now seem to have. America is transforming ...
Friday, November 20, 2009
Washington has sucked up every last available dollar, and then blamed the banks for not lending what they don’t have.
Connecting the dots used to be considered a child’s game – far too easy for adults, ...
Thursday, November 19, 2009
... in European banks who foolishly lent money to the Baltic States in Euros or Swiss Francs and now those Baltic country currencies have collapsed and the loans cannot be paid back. European banks also lent ...
Monday, November 09, 2009
The “Michael Jordan of trading” is now table-poundingly bullish on gold. And the Reserve Bank of India may have just made him look like a prophet...
John Paulson (no relation to Hank) is widely viewed ...
Wednesday, November 04, 2009
... of Hussman Funds, writes, “The rules encourage banks to neither reset loans nor foreclose, both which would trigger a restatement of value on the mortgage asset.”
Hussman goes on to conclude, ...
Wednesday, October 21, 2009
... Treasury.
“Geithner aids reaped millions working for banks , hedge funds,” Bloomberg reports. “Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned ...
Friday, October 16, 2009
... to reset between now and 2012 – and in a credit environment where banks are loathe to refinance – a number of commercial real estate groups are preparing to walk away from properties.
As ...
Wednesday, October 14, 2009
Bank of America (BAC:NYSE) plans to turn over documents relating to its purchase of Merrill Lynch.
The bank previously declined to provide details it received on its disclosures to shareholders. ...
Tuesday, October 13, 2009
... subprime crisis. Chinese banks can be forced to lend in stunning amounts to any business that can fog a mirror, with the government backing their every move. Bad loans can be rolled over in perpetuity, ...
Tuesday, October 13, 2009
... (GS:NYSE) are among banks in hiring mode. Per the article, “Goldman Sachs announced recently in [sic] will hire 200 people in its asset management unit – ‘an area where advisers, account ...
Tuesday, October 06, 2009
... We have sold it to a bunch of greedy jackal banks ters, no less, in exchange for the idiotic assurance that trees can grow to the sky and nothing ever has to change.
Ah well. As Bertrand De Jouvenal observed, ...
Friday, October 02, 2009
... banks and insurance companies “never before had so much money lying idle.”
Sound familiar? The above headline feels like 2009, but is actually vintage 1930 (courtesy of the “News from 1930” Web site). ...
Wednesday, September 23, 2009
The Securities and Exchange Commission plans to pursue charges against Bank of America alleging that the bank misled shareholders last year while purchasing Merrill Lynch & Co..
From Adam O’Daniel, ...
Tuesday, September 22, 2009
... prosperity? To head off the worst economic downturn since the Great Depression, the “Group-of-20” central banks have slashed interest rates to record lows, while politicians have funneled trillions into ...
Tuesday, September 22, 2009
After agreeing to hand over names of their overseas clients, Switzerland has had to appoint additional judges to its appeals court due to the overwhelming amount of appeals recently filed.
From Matthew ...
Friday, September 18, 2009
16.
Signs of Hope for U.S. Economy
(Matching tags: Employment Rate,Taipan Insider,Retail Industry,Sara Nunnally,Housing Sector,Banks,Natural Gas,Economic Growth)
We Value Your Privacy!
Economic Crisis Anniversary Sees U.S. on the Edge of a Knife Written by Sara Nunnally, Senior Research Director, Taipan Publishing Group
This week marked ...
Friday, September 18, 2009
... The New York Times:
WASHINGTON — The Federal Reserve is preparing what would be the most sweeping rules yet to regulate the pay at banks across the country, people close to the discussion said on Friday. ...
Friday, September 18, 2009
Viewing the settlement as too lenient, Federal District Judge Jed S. Rakoff did not approve the $33 million deal between the SEC and Bank of America.
From Douglas A. McIntyre, Newsweek:
Federal District ...
Tuesday, September 15, 2009
Citigroup plans to repay a portion of the $45 billion government bailout with the issuance of new shares.
From The Associated Press:
NEW YORK — Citigroup Inc. is reportedly considering a plan in which ...
Tuesday, September 15, 2009
This week marks the one-year anniversary of Lehman Brothers’ bankruptcy filing, which many argue accelerated the global financial meltdown thus resulting in government reform and bailout deals. President ...
Monday, September 14, 2009
... tighten banks ’ capital rules by excluding subordinated bonds they sell to other banks from their capital base.
Steven Leung, sales director at UOB Kay Hian had this to say to Reuters: “This ...
Friday, August 21, 2009
Searching for Americans who have avoided paying their taxes, the IRS has succeeded in pressuring UBS to give it access to 5,000 of its accounts.
From Aaron Smith, CNN Money:
NEW YORK (CNNMoney.com) ...
Thursday, August 20, 2009
As part of President Obama's push for change in the way credit card companies do business, the first phase of the Credit Card Accountability.
From Chicago Tribune:
Starting Thursday, consumers will ...
Thursday, August 20, 2009
... into legal taxation treatment as a “U.S. person” – regardless of whether said investor has a U.S. passport or has even ever set foot in the United States.
A Mafia-Style Power Grab
The trouble for banks ...
Friday, September 04, 2009
Simon Johnson’s “Two-Track Economy” is becoming a stark reality, as trends among banks , consumers and businesses have begun to show.
Last week Taipan Daily gave a nod to former IMF chief economist Simon ...
Wednesday, September 02, 2009
There have been 109 bank failures since the beginning of 2008.
And now the vultures are out. As per The Wall Street Journal:
The biggest spur to deal-making among banks isn’t private-equity ...
Monday, August 31, 2009
... list is at a 15-year high, the Financial Times reports. The WSJ notes that “Banks on Sick List Top 400.”
And now John Kanas, a former bank CEO and private equity investor in the business of snapping ...
Tuesday, September 01, 2009
Due to recent bank failures, the U.S. FDIC announced today that they keep new banks under strict supervision for 7 years.
From Reuters:
WASHINGTON, Aug 28 (Reuters) - U.S. bank regulators said on
Friday ...
Friday, August 28, 2009
... and Gentlemen, We Have a Winner...
When one considers the possibility that the Fed Chairman actually works for the banks , all the pieces begin falling into place.
It’s only natural, after all, given ...
Friday, August 28, 2009
The U.S. added more lenders to its list of “problem banks ”, hitting its highest level since June 1994.
From David Ellis, CNNMoney.com:
NEW YORK (CNNMoney.com) -- The number of institutions on the government's ...
Thursday, August 27, 2009
... at the moment is finding enough healthy banks to buy the failing banks .” – Rochdale Securities analyst Richard Bove
“Credit fuels housing. It fuels consumer durable goods. It fuels business investment. ...
Tuesday, August 25, 2009
... tighten banks ’ capital rules by excluding subordinated bonds they sell to other banks from their capital base.
Steven Leung, sales director at UOB Kay Hian had this to say to Reuters: “This ...
Friday, August 21, 2009
... on the rocks of cold hard reality, the rally evaporated...
Banks Are Still Failing
And how about the banks , those over-leveraged behemoths that by and large got us into this mess?
With trillions ...
Friday, August 21, 2009
Reporting a second quarter loss of $1.68 billion, CIT says it will still try to avoid bankruptcy.
From Stephen Bernard, Associated Press:
NEW YORK (Associated Press) - Commercial lender CIT Group Inc. ...
Tuesday, August 18, 2009
Companies receiving government bailout money have cut lobbying costs by 37%.
From Alison Vekshin, Bloomberg:
Aug. 13 (Bloomberg) -- Citigroup Inc., General Motors Co.
and four other bailed-out ...
Thursday, August 13, 2009
Swiss Bank UBS AG has reached a settlement with U.S. government, signaling the end of tax evasion via foreign banks .
From Lisa Jucca, Reuters:
ZURICH (Reuters) - The days of secret bank accounts are ...
Wednesday, August 12, 2009
Last week the Bank of England shocked investors with a surprise “Quantitative Easing” move... a move that threatens to set off a currency avalanche.
If corporations were people, a good many of them would ...
Tuesday, August 11, 2009
The global recession has banks adjusting their strategy. Forced to keep a closer watch over funds, banks have been raising their overdraft fees.
CBS News reported, “U.S. banks will likely collect $38.5 ...
Monday, August 10, 2009
With a total of $200 billion in bailout money to draw from, Fannie Mae has, so far, drawn almost $46 billion of that amount.
From Tami Luhby, CNN Money:
NEW YORK (CNNMoney.com) -- Fannie Mae, the government-controlled ...
Friday, August 07, 2009
Goldman Sachs had record trading revenue for the second quarter and also posted its largest profit.
From Christine Harper, Bloomberg:
Aug. 5 (Bloomberg) -- Goldman Sachs Group Inc. made more than $100 ...
Wednesday, August 05, 2009
A recent report shows that the $75 billion "Making Home Affordable" program is not moving quickly enough, and only 9% of eligible loans are recieving help.
From Tami Luhby, CNN Money:
NEW YORK (CNNMoney.com) ...
Tuesday, August 04, 2009
Swiss bank, UBS, may have to submit 5,000 of its clients' names to the IRS, a concession that would hurt its legacy for privacy.
From Parmy Olson, Forbes:
LONDON -- UBS might be lagging behind its ...
Tuesday, August 04, 2009
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Why Spanish Banks Have An Edge Over Competitors
Written by Sara Nunnally,Senior Research Director,Taipan Publishing Group
Last year, on one of ...
Wednesday, August 05, 2009
The SEC charged Bank of America for lying about Merrill Lynch bonuses, the bank will have to pay a $33 million fine.
From Zachary A. Goldfarb, Washington Post:
The Securities and Exchange Commission ...
Monday, August 03, 2009
Following a bundle of better-than-expected reports, stocks pushed to their highest level since November 2008.
From Alexandra Twin, CNN Money:
NEW YORK (CNNMoney.com) -- Stocks surged Thursday, hitting ...
Thursday, July 30, 2009
... two-year notes. Demand from an investor class that includes foreign central banks declined at each of the auctions from last month, when those sales attracted the most interest in at least six years.
“You’re ...
Wednesday, July 29, 2009
China's swelling economy has many similarities with the U.S. economy of 2007, causing some to wonder if China's bubble will burst.
From Paul R. La Monica CNN Money:
NEW YORK (CNNMoney.com) -- Is the ...
Wednesday, July 29, 2009
... they gave tens of billions of dollars that went right through — conduit payments — to the investment banks that are now solvent. We [taxpayers] didn’t get stock in those banks , they didn’t ask what was ...
Wednesday, July 29, 2009
With more and more customers banking online, Bank of America is planning on closing 10% of its 6,100 branches.
From CNN Money:
NEW YORK (CNNMoney.com) -- Bank of America Corp. is planning to "modestly" ...
Tuesday, July 28, 2009
... U.K. officials is lending by banks . As reported in the BBC, Chancellor Alistair Darling is urging banks to lend more to small firms
“In its latest figures, the British Bankers' Association (BBA) said ...
Tuesday, July 28, 2009
