Bailout and Financial Crisis News

An eclectic brew of reads today: • One Year Later… (Market Talk) • Lessons NOT to learn from anniversaries (Marketwatch) • 43% have less than $10k for retirement (CNN/Money) • Europe bars Wall Street banks from government bond sales (Guardian) • Why every nation cooks its books (MSN) • Whither securitization? (The Deal) • Slashing the Deficit without Massive Tax Hikes (BusinessWeek) • [...]

Earlier today we noticed a commercial for what appears to be an investment firm called Wall Street Investment Bankers Inc. Aside from the odd name and extremely long URL for their website, the company failed to clearly explain what it actually does. The advertisement promises that you can earn $20,000 to $200,000 a month. The rest of [...]

Last week we compared our situation in regards to states like California’s to the EU’s Greek situation, and grimly noted that the main difference seemed to be size: California is a much bigger deal to the US than Greece is to the EU. Other than that, there didn’t seem to be much of a difference: Both [...]

Update: It’s 4:00 PM ET. Nothing major yet, but we’re getting to where something could happen. 4:04: News reports say sirens have just gone off. 4:15: Nothing significant yet. 4:22: On CNN they’re reporting that the water is receding, which is the precursor to a wave. 4:23: Also of note, there’s apparently someone in the water on the KITV [...]

“If a big non-bank institution gets in trouble and threatens the whole system, there ought to be some authority that can step in, take over that organization and liquidate it or merge it — not save it. It’s called euthanasia, not a rescue.” -Paul Volcker said on CNN. > Paul Volcker said in an interview with Fareed Zakaria [...]

Want your Master of Bad Boy Administration? P Diddy is planning to start a business school, “probably” in Harlem. Diddy said on CNN’s AC360: “I want to have an academy that’s known for building leaders. I feel that’s one of the things I can have an impact on.” The self-proclaimed hustler already has tons of experience launching an [...]

Pretty wild: Panoramic video of Haiti, via CNN. Use your mouse to click and drag around the video to change the view. You can also zoom in and out. Pause and explore at any time by pressing the play/pause button under the video to stop and look around — all while the video plays. [...]

When Roger Ailes started FOX News in 1996, people said he’d have no chance against CNN. This year, FOX News will likely make $700 million of profit–more money than CNN, MSNBC and the evening newscasts of NBC, ABC and CBS combined.  Ailes rules not only the news business but politics: If Ailes were a Democrat, James Carville [...]

When Roger Ailes started FOX News in 1996, people said he’d have no chance against CNN. This year, FOX News will likely make $700 million of profit–more money than CNN, MSNBC and the evening newscasts of NBC, ABC and CBS combined.  Ailes rules not only the news business but politics: If Ailes were a Democrat, James Carville [...]

John McCain has come out with massive support for U.S. military drone technology, after talking with people benefitting from it first hand. Even if these weapons remain controversial abroad, we believe support within the U.S. is accelerating due to their cost-effectiveness and the obviously lower risk soldiers need to take. In case you missed it, the U.S. [...]

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