France to support Airbus via banks: source | Financial 24
The French state plans to inject 5 billion euros ($6.5 billion) into banks with the aim of financing airplane purchases to help European planemaker Airbus, a French government source said on Sunday. read more…
World's leading banks under severe financial stress at Uvox.us …
World’s Leading Banks Under Severe Financial Stress. By admin • Jan 25th, 2009 • Category: Venture Capital. The expectation that India and other emerging markets would remain ‘decoupled’ from the West has been proved wrong The sudden … read more…
Summer and Pelosi: Bigger bank bailouts coming? – Jan. 25, 2009
President Barack Obama’s top economic adviser would not rule out Sunday that more money may be needed to stabilize the US financial system as a deep recession increases banks’ losses. read more…
From Google Blog Search
Using a Visa debit card – Benefits and significance
Basically, the philosophy behind Visa debit cards is to reduce the need to write checks. With everything quickly becoming paperless this fits right in. Visa debit cards are also the persons? ATM cards… read more…
fighting foreclosure – pros cons home loans
In the United States, when a mortgage is secured by a borrower it is called a process of origination. The borrower m… read more…
Find Top Credit Cards for Bad Credit
When shopping for credit cards for bad credit, you have plenty of options to choose from. The two major types of credit cards available will be a secured credit card or an unsecured credit card for b… read more…
From GoArticles.com
Panama Financial Services License, Panama Offshore Banking
http://www.thepanamalawyer.com Although a Bank License is very expensive, a Panama Financial Services License can be a cost effective solution. A Panama Corporation that obtains the license cannot act as a Panama Bank, but can offer a range of financial services.
Open Question: In the currency market, what is a “trading band”?
From a Financial Times article:
“The central bank has instead been gradually widening the rouble’s trading band against a euro/dollar basket. It did so for the 15th time on Wednesday as the rouble weakened to Rs36.3 against the basket.”
What does a trading band mean? What does it do?
Thanks.
Open Question: When democrats say the “stimulus” bill isn’t going to be a “quick fix”, what do they mean?
Is this an excuse beforehand to cover the fact this is going to be a very LONG and EXPENSIVE process that will simply hand out more government dollars to banks and private companies with little to no short term effect on the average consumer??
http://news.yahoo.com/s/ap/20090125/ap_on_go_pr_wh/obama_economy
“Congress has given President Barack Obama permission to spend the second $350 billion of a Wall Street bailout package even though lawmakers have criticized the Bush administration for the way it spent the first half. House Speaker Nancy Pelosi, D-Calif., said she is open to additional government rescue money for banks and financial institutions. But she said taxpayers must get an ownership stake in return.
Biden said Obama’s choice for Treasury secretary, Timothy Geithner, will recommend whether more money is needed for the banks. Geithner could be confirmed by the Senate as early as Monday.”
wrenched………I think you nailed it. Gotta time everything to coincide with election year……….
white……….”Who’s delusional here?”
I’ll leave you to discover that answer over the next 10 months………
white……….Like I said. If you think spending a trillion dollars we don’t have is a good idea, there’s nothing I can say to you. The only thing that will prove to you that this isn’t going to work is when is DOESN’T WORK. cop out…….lol
white………..also, your “specifics” were anything but.
Open Question: Federal Reserve oversight? Were you hoping for oversight OF the Federal Reserve? Sorry… Did you see this?
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/25/AR2009012501686.html
“Congress is moving to create strong new oversight of the financial sector that would likely give the Federal Reserve authority to examine the workings of a wide range of companies in an attempt to address one of the key failures that led to the financial crisis.
But the initiative, which could be finalized in the House by spring, is raising concerns about whether it would muddy the Fed’s traditional mission and concentrate too much power in a single federal body.
The legislation envisioned by House Financial Services Committee Chairman Barney Frank (D-Mass.) would put the Fed, or less likely another government agency, in charge of protecting the stability of the entire system, Frank and other congressional sources said.
An abundance of federal agencies regulate the financial industry. But no agency is responsible for understanding or containing risks affecting the financial system as a whole. In fact, none even has a complete picture of the financial markets.
The danger was highlighted by the meltdown last year of insurance giant American International Group. In the days before the government was forced to bail out the firm, no federal official comprehended the magnitude of the threat the company’s troubles posed to the economy.
Under Frank’s legislation, the new regulator would likely be given the power to gather information about the inner workings of banks, investment firms, insurance companies, hedge funds and any other entity big enough or so intertwined with other companies that it creates the risk of a systemic collapse. These companies would have to provide detailed information about how they manage risk, their derivative contracts and the extent to which they use borrowed money.
“We need to give some regulator the power to restrain risk-taking that is excessive,” Frank said. He said he intends to move quickly, explaining that the Obama administration is eager to be able to show the Group of 20 finance ministers progress on financial regulation at a meeting in early April.
President Obama, during his campaign, spoke approvingly of overhauling financial oversight. Though he has not specifically endorsed the idea of making the Fed a financial system regulator, his administration has sent clear signals to Congress that they should proceed on that path. The idea was first widely discussed last spring as part of a blueprint for regulatory reform issued by then-Treasury Secretary Henry M. Paulson Jr.
—
and SURELY the part about the Fed ‘in practice’ being subject to extensive oversight by Congress HAS to be a joke.
Ron Paul in a finance hearing a week ago asked the second in command where he could get minutes of the international banking meeting Bernanke had stood the House Committee up to attend, and was told ‘if something important happens, you will be sure to find out.’
Nice.
What do you think?
thamsenman – who guards us from the guardians?
The Origin of Financial Crises: Central Banks, Credit Bubbles, and the Efficient Market Fallacy (Vintage)
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French state to support Airbus via banks: source | Financial 24
Posted by easternpa via russia georgia – Google Blog Search
If you’ve been following the problems encountered by the banks, you’ve probably come across the phrase “toxic assets.” They’ve poisoned banks’ balance sheets and brought them to the brink of failure. But what is a toxic asset, exactly? Marketplace Senior Editor Paddy Hirsch explains. More coverage of the financial crisis is at marketplace.org/financialcrisis
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French state to support Airbus via banks | Financial 24
Posted by easternpa via russia georgia – Google Blog Search
Op-Ed Columnist – Wall Street Voodoo – NYTimes.com
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Obama aide won’t rule out more money for bailouts
Posted by ivor via Reuters: Top News
Obama aide won’t rule out more money for bailouts
Posted by intellibitz via Reuters: Top News
tylerhwillis:
stevenloi:
The Real Great Depression
I mentioned it to a couple of friends a few times after reading AVC/Feld/Lindzon’s blog post. And my suggestion is to just keep your head down and work as hard you can. There’s fear everywhere. In the market, speculation about unemployment rate, banks imploding, world’s financial system… But, when there is fear, there is opportunity. Keep your eyes on the ball. You can only be in control of things you can control. And that’s being invaluable to the company or work that you do everyday.
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