“With politicians and bankers pushing the S.E.C. to let banks fudge the numbers on their asset values by claiming they are worth more than any bank is willing to pay for them, she may have to decide whether to fight or cave.”
In spite of Norris’ rhetoric there’s a real debate about whether mark-to market is [...]
BEIJING, Nov. 30 (Xinhua) — China saw its domestic logistics turnover increased 23.8 times during 1991-2007 period, representing an increase of 22.2 percent annually.
Domestic logistics turnover increased to 75.2 trillion yuan (11 trillion U.S. dollars) in 2007 from 3 trillion in 1991, said Lu Jiang, China Federation of Logistics and Purchasing head.
Foreign enterprises invested 6,996 [...]
Why such a rush and a deadline ? I don’t understand , you mean everything is fixed now and there are no more bank problems ? Time for an accounting as to where the money went or this was the biggest scam in history perputrated on the American public.
WASHINGTON (MarketWatch) — The Treasury Department announced [...]
If you cant survive 5-10years without income youll know why millions protested, organised, unionised, and rioted in the 1930s.
In the 1930s currency had gold backing unlike today. So a country couldnt just print money or offer stimulus plans and bailouts. This is fine if your the only one doing the printing but in this new [...]
The questions about Lehman Brothers (LEH) won’t go away. The investment bank’s shares rose Monday after Lehman chief Richard Fuld took responsibility for its $2.8 billion second-quarter loss. He stood behind Lehman’s balance sheet marks and reaffirmed that the bank’s so-called deleveraging effort, in which it sold assets to reduce the size of its balance [...]
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