FINANCIAL News, Money, Banks, Economic and Financial Crisis, Jun 09, 2011

Analysis - Money market funds losing safe-haven allure Reuters UK Faith in this money fund promise was undermined at the height of the financial crisis, when top USmoney manager Reserve Primary Fund "broke the buck," its net asset value per share falling below $1 in September 2008. The sector's perceived safe-haven ... See all stories on this topic »

The Enigma of Capital and the Crises of Capitalism Mmegi Online Harvey cites the meltdown of the world financial system in 2008 to illustrate the argument that capitalism is a crisis-prone and self-damaging system. The devastating 'mortgage crisis' that led to the collapse of many Wall Street investment banks, ... See all stories on this topic »

The truth about the deficit and Social Security Salon The simple fact is that the deficit did not swell tidally until the financial crisis hit. While George W. Bush's tax cuts destroyed the Clinton budget surpluses, enough tax revenues trickled in to keep the deficit from blowing out until the economic ... See all stories on this topic » Salon

Wall Street braced for earnings backlash IBTimes Hong Kong He cited an improvement in the Greek sovereign crisis, Bank of America's move to settle mortgage-related litigation and a recent uptick in commodity prices among factors that could spur a summer rally in bank stocks. Bove rates Morgan Stanley a "buy," ... See all stories on this topic »

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