List Of Entities Announcing Exposure To Madoff Investments-2-
Last Update: 1/6/2009 3:30:00 PM
The following entities have announced exposure to Bernard L. Madoff Investment
Securities LLC, the New York-based business that allegedly lost $50 billion in a
giant pyramid scheme.
Entity: Bard College
Exposure: $3 million
Date of disclosure: Jan. 6
[...]
Special Report: Global Financial Crisis
BEIJING, Jan. 5 (Xinhua) — Chinese shares rose on new year’s first trading day, raising people’s expectations about the country’s economy. Xinhua has collected experts’ views on much-talked-about economic topics here Monday.
The domestic stock market is expected to rebound in 2009 after Waterloo-like condition last year. The benchmark Shanghai Composite Index [...]
WASHINGTON (Reuters) - The U.S. housing market took a sharp turn for the worse while Spain joined a growing list of countries in a recession that shows no sign of abating.
Existing U.S. home sales and prices both fell at a record pace last month, according to a report released on Tuesday, further evidence that the [...]
By Shawn Langlois, MarketWatch
Last Update: 12/16/2008 2:43:00 PM
SAN FRANCISCO (MarketWatch) - While the White House remained mostly mum about the
next chapter in the car bailout saga on Tuesday, Moody’s Investors Service said
there is a 70% chance the U.S. government will provide aid in prepackaged
bankruptcy scenario.
The credit ratings agency also put the probability of a federal [...]
Well-paid professionals like lawyers and architects are joining the rapidly expanding unemployment rolls in New York City, according to a new unemployment study.
The report, released by the Fiscal Policy Institute, shows that the effects of the financial crisis have spread well beyond Wall Street to other white-collar jobs, as well as construction, retail and service [...]
Paul Joseph Watson
Prison Planet.com
Wednesday, November 26, 2008
The total cost of funds committed to the bailout in its various guises has now hit $8.5 trillion dollars, up from $7.7 trillion in just two days after the federal government committed an additional $800 billion to two new loan programs on Tuesday.
The total amount of funds now [...]
Hmm..so were supposed to listen to an Economist employed by Wachovia? If they knew anything wouldn’t they have forecast their own dismal demise 2 years ago? This is pathetic that they even have a job after they had to get saved…not saying he cant be right but they have ZERO credibility with ANYTHING to do [...]
Warchovia - You are forcasting that unemployment is going to hit 9% when you have contributed to this mess - you sound like it is a great acheivement
Please keep your forcasting to yourself as you are just creating turmoil in the market probably that is new finacial product. wait for the facts to come out. [...]
China Unveils 4 Trillion Yuan Spending as World Faces Recession
By Li Yanping and Chia-Peck Wong
Nov. 10 (Bloomberg) — China pledged a 4 trillion yuan ($586 billion) stimulus plan to prop up growth in the fourth-largest economy as the world heads toward a recession.
The funds, equivalent to almost a fifth of China’s gross domestic product last [...]
A Reuters/University of Michigan survey said U.S. consumer confidence in October suffered its steepest monthly drop since the survey began in 1952. Earlier a U.S. government report showed construction starts on new homes fell to their slowest pace since January 1991.
“Confidence is collapsing so that’s not good even as you have gas prices falling,” [...]
National Australia Bank economists predicted growth would drop to 1.25 per cent by the middle of next year, with an interest rate cut to 4.5 per cent and unemployment at about 6 per cent by the end of the year, meaning the loss of 200,000 jobs, Fairfax newspapers report on Sunday.
The bank’s chief economist, [...]
Financially responsible individuals were dismayed at the prospect of paying for the speculative improprieties of Wall Street. Some people decided to close stock accounts. Others sent redemption notices to mutual fund companies. As MarketWatch chief economist Irwin Kellner points out, a portion of the exodus reflects “capitulation” – the agony of Americans who cannot afford [...]
WASHINGTON (Dow Jones)–Coordinated rate cuts were a “step in the right
direction,” but additional cooperation is needed to deal with the financial
crisis, the International Monetary Fund’s chief economist said Wednesday.
“More may be needed,” Olivier Blanchard said in a press conference to discuss the
fund’s World Economic Outlook released earlier Wednesday.
But he said “most of the effort” by [...]
LONDON (MarketWatch) — Banks remained afraid to lend to each other Tuesday,
leaving money markets in a deep freeze that economists warned could lead to a
wider economic collapse.
“Money markets are in a state of extreme distress,” said Neil Mackinnon, chief
economist at ECU Group, a research firm.
The overnight London interbank offered rate, or Libor, posted a record [...]
Retailers’ weekly sales rise 1.3% from year ago: survey NEW YORK (MarketWatch) –
Chain-store sales for the week ended Sept. 20 rose 1.3% from the year-earlier
period, according to a survey released Tuesday by the International Council of
Shopping Centers. On a week-over-week basis, sales dropped 1%, their third
straight weekly drop. “During this past week consumers spent cautiously [...]
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