The race is on! US Banks are desperate to pay back the TARP funds they borrowed from the taxpayer so that the we don’t actually expect to have a say in how much they pay the so-called “best and brightest”. I will fore-go discussing how the financial industry, which brought the world to its knees [...]
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Archive for the ‘Banks’ CategoryEx-Federal Reserve Chief Alan Greenspan outlined in a speech to Tokyo Clients of Deutsche Bank, his concern for inflation pressure in the United States “ It’s the politics in the United States that worries me, whether the Congress will basically feel comfortable with the Fed withdrawing its stimulus…if inflation rears its head, it will swamp long-term [...] In a ruling yesterday which took many by surprise, Judge Jed S. Rakoff refused to accept a $33 million settlement by Bank of America that would have resolved the Securities and Exchange Commission’s (SEC) that the bank deceived shareholders in November about bonuses to be paid by Merrill Lynch, which the bank was in the [...] |
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