Merrill

Barack Obama by JT2016

Big Banks Get Big Time Changes

Jun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]

bailout by JT20162016

U.S. Lawmakers Smell Something Fishy in Bank of America / Merrill Deal

U.S. lawmakers seek BofA-Merrill probe R E U T E R S Fri Apr 24, 2009 By Kim Dixon and Rachelle Younglai WASHINGTON (Reuters) – Momentum is building among U.S. lawmakers to investigate Bank of America’s (BAC.N: Quote, Profile, Research, Stock Buzz) purchase of Merrill Lynch, amid allegations that federal officials gave the bank’s chief […]

AIG by JT2016

The Quiet Coup :: Simon Johnson

The Quiet Coup The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of […]

Ben Bernanke by JT2016

C’Mon, C’Mon Listen To The Money Talk

Ben Bernanke by JT2016

National Dept Hits 11 Trillion; Sucker

CBS NEWS The Federal Government’s flood of red ink hit another high-water mark as the Treasury Department quietly reported today that the National Debt hit $11-trillion for the first time ever. To be exact, the Debt now stands at $11,033,157,578,669.78. Divide it by the U.S. population and it comes up to over $36,000 in debt […]