Group Think, Duct Tape and Slam Dunks
Morgan Stanley
The World Banks Get Together and Pump $180 Billion Into Financial System
Central banks pump up the dollars As banks hoard cash and lending dries up, Fed plus 5 to pump $180 billion into system. By Chris Isidore, CNNMoney.com senior writer Last Updated: September 18, 2008: 11:19 AM EDT NEW YORK (CNNMoney.com) — The Federal Reserve and five other central banks around the globe announced joint efforts […]
MoreMorgan Stanley and Goldman Sachs Stocks Plummet
Financial crisis mounts as stocks fall REUTERS By Jack Reerink and Douwe Miedema NEW YORK/LONDON (Reuters) – Shares of Wall Street firms Morgan Stanley and Goldman Sachs plummeted on Wednesday and Britain’s biggest mortgage lender neared a sale in the latest signs of extreme distress in the financial industry. Tuesday’s surprise $85 billion (47 billion […]
MoreFBI Targets Mortgage Industry
From The Times Online UK Shit, meet fan…. America’s Federal Bureau of Investigation is investigating senior banking executives for insider dealing and fraud as part of a criminal inquiry into the sub-prime crisis, the agent leading the inquiry said yesterday. Neil Power, the head of the FBI’s economic crimes unit, is heading the most far-reaching […]
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