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you gotta laugh. this will go down well with the public. Over the years, Fannie Mae and Freddie Mac showered riches on many winners: their executives, Wall Street bankers and Washington lobbyists. Now the foundering mortgage giants are leaving some losers in their wake, notably their...

makes you laugh. made his million designing the paypal logo and setting it up. the guy thought he was a market trader. obviously not. wah wah wahhhhhhhhhhhhhhh.

yet again they added in another 125 thousand jobs. where they get this data from i have no idea. out of the 125k construction added 16k. they are having a fucking laugh. construction of what? http://www.bls.gov/web/cesbd.htm

well well well eurex and liffe for that matter. you reap what you sow. you jumped into bed with your algo quant system wanker friends because they did so much volume and you promised them all low transaction costs. now you have plumetting exchange volume on a low fee based system with a...

this does not sound like good news. Troubled lenders in the UK may have tapped the Bank of England's emergency funding scheme for as much as £200bn, according to investment bank UBS - double the most aggressive estimates. Alastair Ryan, UBS banks analyst, has calculated that "the take-up...

come on boys. who will be the first to step up and follow in volkers shoes. One-quarter of the Federal Reserve's regional district banks lobbied to raise the discount rate in July, signaling rising pressure to increase borrowing costs to banks even as economic growth slows. Citing a...

The United States, Europe and Japan planned to intervene to rescue the dollar when it was plunging in March at the time U.S. investment bank Bear Stearns collapsed, the Nikkei business newspaper reported. Officials from the U.S. Treasury Department, Japan's Finance Ministry and the European...

i think this is quite important news. higher borrowing costs are going to hit the front end of the curve and ultimately even with bonds rallying interest rate curves will have to price higher borrowing costs in the strip. the access to continued cheap money by the ecb is over. fed and...

The U.S. Mint suspended sales of its 1-ounce ``American Eagle'' gold coins after soaring commodity prices led collectors and investors to deplete supplies. It is the first time in two decades that the Mint halted sales of the coins, which are made of 22-carat gold from domestic mines. The...

and there goes another one........................... Columbian Bank and Trust Co. of Topeka, Kansas, was closed by U.S. regulators today, the ninth U.S. bank to collapse this year amid bad real-estate loans and writedowns stemming from a drop in home prices. The bank, with $752...

watch out for spain. if the ecb cut the borrowing window they are fucked. they are parking up crap securities every auction for the full amount. if they cant get access to cheap money their shares are going to get slaughtered. i think given the situation the shares are well worth...

The European Central Bank has issued the clearest warning to date that it cannot serve as a perpetual crutch for lenders caught off-guard by the severity of the credit crunch. Not Wellink, the Dutch central bank chief and a major figure on the ECB council, said that banks were becoming...

Our easy access to plastic is about to dry up - and with it our ability to fake living the good life. (Fortune Magazine) -- We made it through the bursting of the Internet bubble and now the bursting of the real estate bubble. Next we may be approaching the end of the most worrisome bubble of...

i have said all along this firm is insolvent. i think the rumours about another bank going under ( imf chief ) only add more fuel to the fire. i dont see any difference between bear and lehman. einhorn has been right all along. anyway here is the story:: In an apparent attempt...

The gloomier outlook for corporate debt in the US and Europe is turning a spotlight on another banking business that exploded during the credit boom, growing from next to nothing into a trillion-dollar industry in little more than four years. Repackaging credit derivatives to create leveraged...

Aug. 19 (Bloomberg) -- Collateralized debt obligations experienced so-called events of defaults at a faster pace in early August, with a commercial-mortgage CDO joining the list, according to JPMorgan Chase & Co. Seven mortgage-linked CDOs experienced default events, indicating even the...

could be more to this than meets the eye. us marines in tblisi. i hope i stray rocket does not go off. could be world war 3. http://www.thenewstribune.com/news/nationworld/story/419660.html

apparently reports we are getting in london are that this is a full scale invasion not just a couple of tanks and planes. MEGVREKISI, Georgia (Reuters) - Fighting raged in and around the capital of Georgia's breakaway South Ossetia region on Friday as Georgian troops, backed by tanks and...

i think in viewing the credit card companies as a buy in ' a recession ' due to the fact that they do quite well in these periods traditionally and historically could be a major mistake. in the past this worked as people would fall back on credit cards and small loans to help them through...

i concur. i agree. more along the same stuff i have said on previous threads.