Written by Lanre Adewole, Soji Ajibola and Adewale Ajayi Sunday, 04 September 2011
Nigerian Tribune
More trouble appears on the horizon for the embattled Speaker of the Lagos State House of Assembly, Adeyemi Sabitu Ikuforiji, over an alleged N7 billion fraud as operatives of the Economic and Financial Crimes Commission (EFCC) have reportedly stormed ...
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Euro crisis: how long can Germany remain the saviour?
The Guardian
News that Greece is set to miss its latest financial targets will not have bolstered confidence. As Europe's largest economy, Germany foots more than a quarter of the bill for eurozone bailouts. Much of that money stems from Frankfurt am Rhein, ...
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Bankers alone can't be trusted to resolve crisis
Irish Independent
The banks will need Government cooperation anyway in dealing with a case-by-case analysis of distressed mortgages because it will need financial information from Revenue and Social Welfare. What the Government is potentially building up to telling us ...
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Nationalisation of banks and plight of shareholders
Moment Nigerian Newspapers
'President Jonathan should declare an emergency in the nation's banking industry to avert dire consequences on Nigeria's economic and financial status. 'The revocation of the operating licenses of the three commercial banks undermines the nation's ...
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Feds sue big banks over large losses
Northwest Herald
The federal action also underscored the often contradictory relationship between the government andfinancial firms in the wake of the crisis. At times, government officials have come to the rescue ofbanks and counted on them to help accelerate the ...
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Global economy in danger zone, says World Bank
Chandigarh Tribune
"The financial crisis in Europe has become a sovereign debt crisis, with serious implications for the Monetary Union, banks, and competitiveness of some countries," he said. "My country, the United States, must address the issues of debt, spending, ...
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Labour must learn from their history or be doomed to repeat it
The Guardian
It is correct that the governor of the Bank of England's first response to the financial crisis was intellectually rigid and dangerously so. Few people outside their immediate families would quarrel with Mr Darling's verdict that the bank chiefs were ...
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Jobs crisis sending officials into frenzy
Evansville Courier & Press
"This fall, the House Republicans will work to end these burdensome regulations that destroy jobs and put a financial burden on job creators. We need to create an environment that will encourage job creators to hire Hoosiers. ...
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Banks tell 'at risk' borrowers to spend less or lose their homes
The Independent
"We're calling them because they may be people who are going through some financial difficulties, who we have identified because they perhaps missed a payment or cancelled a direct debit." Some taxpayers may be pleased to learn that nationalised banks ...
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Editorial: Jobs. Now.
Detroit Free Press
The state's unemployment rate led the nation through the 2000s as the auto industry began downsizing, even before the housing crash and financial crisis of late 2008 accelerated GM and Chrysler's plunge into bankruptcy and sent the state's already high ...
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Randy McClain: Real estate exec sees barriers to recovery
The Tennessean
But his bottom line is this: Already, there was a manmade disaster in housing when loan standards become too loose and financial practices caused a near-fatal crash on Wall Street in 2008. Now, let's not cause another manmade collapse by squeezing the ...
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Maximizing Profits from The Real Gold and Silver Bull
The Market Oracle
(Ed. note: Indeed, the US M2 Money supply accelerated 2.2% in July, 2011 from the prior month; the fastest pace in 52 years.) Indeed, the US systemic-solvency and economic crises remain in broad deterioration, with banking-system solvency issues likely ...
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Taxpayers won't get money back from bailed-out banks "until at least 2015"
MyFinances.co.uk
However, the euro-debt crisis, poor economic performance of the UK economy and concerns over the global economy has led to a big fall in the value of UK bank shares, meaning that the government needs to see a doubling in the share price of both banks ...
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BANKS SET TO FACE HARD-LINE REFORMS
Express.co.uk
By Geoff Ho THE Independent Commission on Banking (ICB) is poised to unveil tough new measures to prevent banks from side stepping rules designed to make the financial system safer. The ICB wants the government to force banks to put their retail arms ...
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Should The Government Borrow More At Negative Real Interest Rates?
Seeking Alpha
You'll see a number of posts about financial repression on Credit Writedowns. What I am referring to is the negative real interest rates that are prevalent not just in the US but everywhere we see for higher-rated sovereign borrowers. ...
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A Season for Portfolio Insurance
Barron's
So it seems prudent to buy late-year calls on the CBOE Volatility Index, or VIX, knowing what typically happens in financial markets when the air chills and the leaves begin to change color. September is the most volatile month of the trading year. ...
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Gold's Rocket Ride Poised to Surge Even Higher
The Market Oracle
In June and July of this year, the South Korean Central Bank purchased 25 tons of gold, its first purchase in 13 years, since the 1997-1998 Asian financial crisis. Furthermore, in May, the Hong Kong Mercantile Exchange began trading 32 Troy Ounces Gold ...
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Sept Fed policy: Will there be $2000 gold & $45 silver?
Commodity Online
The money poured into the Euro debt crisis by the likes of Germany and France has already caused sufficient financial tress to the stronger economies in the EU. Whether the policymakers will allow that to continue remains to be seen. ...
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Here's What You Need To Know About Operation Twist
Business Insider
On the other hand, the Fed could simply implement this program to repurchase MBS and other assets from the banks. This would likely help to shore up credit markets (as asset alteration would ease credit fears) during a period when a credit crisis ...
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How Otunba Gbenga Daniel Almost Ran Ogun Stat…
The Streetjournal
In the course of investigating the mismanagement of N 30 billion allegedly siphoned from the state's local government allocations and the Bureau of Land Survey, the Economic and Financial Crimes Commission stumbled on evidences relating to another scam ...
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Q&A: Homebuilder John Wieland
Atlanta Journal Constitution
It gives you financial flexibility so that if your job gets sick, you don't have a mortgage that is pressing down on you. Now, the history is that housing has led the country out of recessions until this one. It didn't happen this time because of the ...
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Nation World
Nation on Sunday
The Federal Housing Finance Agency - which oversees mortgage giants Fannie Mae and Freddie Mac - blames the banks for failing to perform adequate checks on the quality of mortgage securities they sold on to investors before the financial crisis in 2008 ...
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La Liga: Why the Duopoly of FC Barcelona and Real Madrid is not down to TV revenue
Barca Blaugranes
This happened to many clubs, but unable to convince the banks of their financial solvency, many had to go without entirely, subsequently not paying the players. This led to a strike, and unbelievably, led to calls for a better TV deal. ...
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