Today: FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 20, 2011

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Sep 20, 2011

FINANCIAL News, Money, Banks, Economic and Financial Crisis, Sep 20, 2011


Lenders press Greece to shrink state and avoid default
Reuters
European stocks and the euro fell sharply on fears of a Greek default, compounded by the failure of EU finance ministers to agree new steps to resolve Europe's debt crisis at weekend talks, and another regional election defeat for German Chancellor ...
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Europe's finance ministers reach no accord on debt crisis
Los Angeles Times
Greece faces a delay in getting the latest installment of its bailout money. Reporting from London — Despite strong pressure on them to act, European finance ministers offered no new measures Friday either to tackle the region's worsening debt crisis ...
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Los Angeles Times
Global economy declares an inflight emergency
Daily News & Analysis
Greece was always going to be Patient Zero in the global sovereign crisis, highlighting deep-seated problems in public finances of developed nations. While the deep economic contraction was a factor, government financial problems were structural. ...
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S&P Italy downgrade new blow for distressed Europe
Reuters
The head of the European Central Bank, Jean-Claude Trichet, urged in a newspaper interview that European banks strengthen their balance sheets to improve their resistance to the crisis. TheFinancial Times reported that German industrial conglomerate ...
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Pakistani stocks end flat; rupee firms; o/n rates up
Reuters
30, because it has no balance of payments crisis and has enough foreign exchange reserves, afinance ministry official told Reuters on Sunday. The KSE benchmark 100-share index closed 0.03 percent, or 3.18 points, higher at 11356.64 on turnover of 31.2 ...
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Banker-author warns overseers to keep 'extreme money' in check
Reuters Blogs (blog)
“When the economic history of this period comes to be written, what you will find is the globalfinancial crisis, as wrenching and as traumatic as it was, is going to be a very small thing.” Das said the causes of the crisis began as far back as the ...
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Dollar surges against the Euro as companies begin to pull money out of banks
Examiner.com
The implications of this are beyond stunning, as it means that even European companies now refuse to work directly with their own banks, and somehow the ECB has become a direct lender of only resort to private non-financial institutions! ...
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OVERNIGHT MONEY: Fed officials ponder next steps
The Hill (blog)
The deal, which would make Capital One the fifth largest bank in the nation, has come under fire from community and consumer groups, who argue it will create another financial institution that is "too big to fail" — a factor in the economic crisis. ...
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Greek Crisis Exacts the Cruelest Toll
Wall Street Journal
On Friday, Greek police said, a man in his 50s struggling with his debts was hospitalized after setting himself on fire outside a bank branch in the northern city of Thessaloniki. Suicide has also risen in much of the rest of Europe since the financial...
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Wall Street Journal
How deposit insurance reduces financial stability
Telegraph.co.uk (blog)
This was a well-established notion amongst money and banking academics. When I used to lecture in money and banking, our standard textbooks made much of the failures of deposit insurance in the Savings and Loan crisis in the US in the 1980s. ...
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Ireland Recovers as Greece Sinks in Debt Market Affirming Kenny
Bloomberg
The reductions are worth about 1.1 billion euros a year to Ireland, the Finance Ministry said. What's more, a line has been drawn under the banking crisis, after the government pumped another 17 billion euros into the financial industry. ...
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Effects of Lehman collapse and recession felt by families here in Wales and ...
WalesOnline
There was already a global financial crisis when Lehman decided it could no longer continue. A momentous decision was taken by then US Treasury Secretary, Hank Paulson to allow Lehman to fall. There was no appetite to throw more money at a problem that ...
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UBS Scandal Is a Reminder About Why Dodd-Frank Came to Be
New York Times
Although the UBS trading scandal happened at the London office of a Swiss financialcompany, big American banks will feel regulatory heat. When UBS revealed on Thursday that a rogue trader had lost a quantity of money so large that it potentially wiped ...
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New York Times
Europe's crisis is getting deeper and financial panic is increasing
The Australian
Nor does any economic modelling suggest that such an approach will work as a sustainable way of growing the country out of debt rather than continuing to mire it in misery. Given the extent of Greece's financial woes, Greek Prime Minister George ...
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Why Debt Levels Are So High
Gold Seek
If enough banks experienced a 'run' at the same time, there would be a financial crisis. Some banks would go bust, some depositors would lose their cash savings, and the economy-wide money supply would fall. In essence, there would be a system reset. ...
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Gold Seek
Zoellick: Eurozone's Fate Immediately at Stake; US Needs to Address Spending
PBS NewsHour
JUDY WOODRUFF: Anxiety over the European debt crisis sent new tremors around the globe today, as you just heard, shaking up financial markets again, the most immediate worry: Greece. Its creditors are threatening to withhold the latest installment of a ...
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Presented to: Society for Worldwide Interbank Financial Telecommunication ...
Bank of Canada
CCPs are of particular interest to us at the Bank of Canada because we are responsible for overseeing systemically important financial infrastructure that affects the stability of the Canadianfinancial system and, therefore, the health of the economy. ...
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Rules clash could limit money fund rates: Fidelity
Reuters
During the financial crisis in 2008, dozens of money funds ran into trouble and required support from their parent firms. At the same time the bank-capital rule set known as Basel III, now being hashed out by central bankers, would encourage large ...
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Some savings banks wrestle with run
Korea Times
By Kim Tong-hyung Financial authorities struggled to reassure panicked customers who were queuing up to withdraw their savings from branches of savings banks Monday as fears grew over an aggravating secondary banking crisis. ...
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Korea Times
Economic crisis is like living through a war, says Cable as eurozone crisis ...
Daily Mail
Speaking in Birmingham, Mr Cable said it was a 'painful' truth that Britain was a poorer country as a result of the financial crisis and admitted many of the country's problems were 'homegrown'. He said: 'We now face a crisis that is the economic ...
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Daily Mail
Obama and Merkel say euro crisis needs concerted action
Irish Times
A highly-anticipated teleconference between the EU-IMF “troika” and the Greek government on the release of a crucial €8 billion loan ended inconclusively last night. Further talks are scheduled for this evening. Greek finance ministry sources said the...
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Irish Times
Global economic worries keep Australian interest rates on hold
NEWS.com.au
"Conditions in global financial markets had been very unsettled as participants had confronted uncertainty about both the resolution to the sovereign debt problems and the prospects of economic growth in Europe and the United States. ...
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NEWS.com.au
Let the Banks Eat Cake
City Watch
The root cause of the financial crisis and the great recession that followed was excessive household debt, which doubled from 2000 to 2008, peaking at nearly $14 trillion, a quadrupling in a generation. We owe more than any other nation, ever. ...
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Uncle Sam shakes down banks to pay for fiasco he triggered
Washington Times
Ignoring the culpability of the CRA, Fannie Mae and Freddy Mac in the subprime mortgage crisis, the federal government is suing financial institutions, including 17 large banks, for up to $30 billion in an attempt to recover money lost in the collapse ...
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Washington Times
Aussie Banks Cling to Old World Order
Daily Reckoning - Australian Edition
That would be direct support of financial markets through expansion of its balance sheet. But we haven't reached that level of crisis. Not yet anyway. --In the meantime, Australian banks are quietly planning on doing without Europe for awhile. ...
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Daily Reckoning - Australian Edition
Euro rebound may be short-lived in the debt crisis
Economic Times
Central banks agreed a day later to lend the region's financial institutions dollars. While those moves bolstered the euro, the region's economy has weakened, leading traders to bet the European Central Bank will lower interest rates over the next year ...
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Walt Laws-MacDonald | Show Me the Money!
Tufts Daily
Based out of Washington, the agency has played a rather subdued role in the most recent creditcrisis and has yet to uncover a major financial scandal before it occurs. It often makes news not with bold headlines or exposés, but with investigations ...
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Greece And The Crisis Of The Governing Elite
Forbes
Their visions of a more just society and economic security are being shredded by the stark reality that the governments they run are running out of money. The looming Greek default and the nascentfinancial crisis in Europe is a symptom of this crisis ...
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RBI's still hawkish, make most of debt plans
Economic Times
If you are investing in debt mutual funds, the preferred ratio could be 75% in floating rate funds or ultra short-term funds with 25% in gilt funds/income funds," says Jayant R Pai, CFP and vice-president, Parag Parikh Financial Advisory Services. ...
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Day of reckoning for mortgagees
4 min
periods end. ... Economics and Finance:Economic Trends BusinessEconomics and Finance:Industry:Banking Business ...
abc.net.au
Will Greece default? CNN Global Economy Financial ...
3 min
www.GetOutOfTheFinancialCrisis.com CNN's Nina Dos Santos discusses the eurozone debt crisis and what this will mean for ...
youtube.com
Bob Chapman - The Financial Survival 14 Sept 2011
49 min
Go to bobchapman.blogspot.com for more Bob Chapman videos Bob Chapman - The Financial Survival 12 Sept 2011
youtube.com
Federal Reserve = Debt ∞ Ron Paul 2012
10 min
2012 ~ ... economy crisis beck glenn economic freedom reserve collapse dollar gold bank schiff financial government market ...
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Anonymous - #OccupyWallstreet - Day1
6 min
profit motive financial crisis economy economic collapse dollar euro freedom money gold trade government trading business news ...
youtube.com
Ron Paul 2012 - The ONLY Candidate That Returns ...
4 min
Click Here Now: NewEconomySecrets.com The middle class is being wiped out by the destructive policies of the federal reserve ...
youtube.com
Ron Paul 2012: The FED & Gold
7 min
" propaganda "gold is money of the future" treasury value certificate finance"financial policy" "stock market" news politics ...
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Bob Chapman - Financial Survival 19 Sept 2011
53 min
Go to bobchapman.blogspot.com for more Bob Chapman videos Bob Chapman - Financial Survival 19 Sept 2011
youtube.com
"Preservation of Wealth" Silver, Gold, Platinum, and ...
15 min
Federal Reserve IMF the world bank wealth transfer economy crisiseducational news glenn beck freedom reserve collapse ...
youtube.com

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