Group Think, Duct Tape and Slam Dunks
T H I N K P R O G R E S S Just weeks ago, the federal government extended $20 billion to Bank of America to keep it afloat, bringing its total in federal bailout dollars received to $45 billion. ABC News reports, however, that the bank managed to scrounge up millions of dollars […]
MoreAnxious New Yorkers popping more pills CRAINS NEW YORK BUSINESS By Daniel Massey Published: December 12, 2008 Prescriptions filled for anti-anxiety drugs, anti-depressants and sleep aids have surged in the city as New Yorkers struggle to cope with uncertainties brought on by the financial crisis. The spike was particularly evident in September, when an economic […]
MoreJanuary 29, 2009 What Red Ink? Wall Street Paid Hefty Bonuses By BEN WHITE By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived. Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial […]
MoreASSOCIATED PRESS Dec 14, 6:16 PM (ET) By JOE BEL BRUNO NEW YORK (AP) – From a Jewish youth charity in Boston to major banks as far afield as Zurich, the list of investors who say they were duped in one of Wall Street’s biggest Ponzi schemes are streaming forward. Around the world, investors who […]
MoreSEEKING ALPHA William Patalon III Bank of American Corp. (BAC), which is getting $15 billion from the U.S. government as part of the Treasury Department’s $250 billion “recapitalization” effort, is doubling its stake in state-owned China Construction Bank Corp., and will hold a 20% stake worth $24 billion in China’s second-largest lender when that deal […]
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