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Lender CIT filed for bankruptcy today after the credit crunch dried up its sources of funding. The bankruptcy is one of the largest in US history and will impact thousands of small and medium sized...
Savings and CD Rates showed little change from a week ago even as the average 30 year mortgage rate dipped a bit. With low inflation and an economy stuck between reverse and first, there's little...
FDIC Chairman Sheila Bair went on YouTube and posted this video on the FDIC site discussing the health of the agency and the banking system. The video is posted below.
The arrest of Galleon Group's Raj Rajaratnam provides a glimpse into how far Wall Street will go to get an edge and make money. Whether guilty or not, it certainly shows that the average investor...
To an opportunistic eye, every thing that draws its attention is a resource for making money or getting fame. So it did not take these highly ‘innovative people’ to use bloggers to endorse...
CNBC today posted an entire 69 minute conversation which was turned over under subpoena by Fairfield Greenwich. If you listen to it, or even just a few minutes, it is clear that the feeder funds...
That's the first thing Bernie Madoff says in a taped conversation with his largest feeder fund Fairfield Greenwich Group. In the transcript, he provides ways to dodge the SEC. In one famous quote...
While Congress and the President dicker over how to regulate Wall Street, the nation's judges are taking charge and punishing Wall Street excess. From Bernie Madoff to preventing mortgage...
I happen to believe that ultimately nuclear energy in some form is going to be the solution to the world's energy problem. It is the only proven, scalable, dense source of plentiful energy....
Technology changes, but human nature doesn't. Environmentally friendly energy projects are running into the same cries of "not in my backyard" that stymied a previous generation of...
Google today launches a new service called Google Domestic Trends. It provides a view at search traffic across several key categories of the economy and allows users to compare those trends to the...
President Obama today declared he was going to re-appoint Ben Bernanke chairman of the Fed. It's a good move, notwithstanding the usual critics who not only want Bernanke gone, but the whole Fed...