Regulators Resurrect Financial Crisis

Regulators Resurrect Financial Crisis BAC, GS, JPM Live Trading News The litigation underscores how almost exactly 3 yrs after the collapse of Lehman Brothers, and the beginning of a financial crisis caused in large part by sub-prime lending, the legal fallout is growing. Add to that, there are 50 US state's Attorney ...

820 Shasta County parcels in tax default; $3M owed for 2009-10, county reports Record-Searchlight By David Benda The Gaia, a "green hotel" that opened in Anderson in 2008, is among more than 800 properties in Shasta County in tax default. Owned by Atman Hospitality Group Inc., the 122-room hotel on the Sacramento River near the Riverside ...

Senior IMF Economist Expects Hard Default For Greece. Soon. Business Insider According to a senior IMF economist who wasn't identified, Greece will likely face a “hard default” well before March 2012. It could happen during 2011, and perhaps after the current round of negotiations. This acknowledgement from someone very close ...

Veolia Environnement 5-year Credit Default Swap rises above Moving Average ... Waste Management World Veolia Environnement 5-year Credit Default Swap (VIE.FR) has risen above its trend. The 200-day moving average spread (MAS) was 98.06 basis points. The spread to 200-day MAS ratio is 1.82, a bearish indicator. In the past 200 days this ratio has ...

German website creates two-click Like button, Facebook not amused ZDNet (blog) In other words, they are not active by default; if you don't click anything, Facebook can't track your visit to Heise. After the first click, Heise performs an AJAX call and inserts the Facebook Like button dynamically. The necessary Facebook scripts ...

Spain changes constitution to escape default The Voice of Russia The Spanish government has introduced amendments to the Constitution to remove the threat of default. The amendment, approved by the parliament, states that by 2020 the state budget deficit should not exceed 0.4%. Now this figure is about 9%. ...

Novelists Predict Future With Eerie Accuracy New York Times By JOHN SCHWARTZ Last year, he had described, in his dystopian comic novel “Super Sad True Love Story,” a near future world in which economic chaos followed the United States' default on its debt, and Chinese creditors scolded America for its ...

Big retail property subject of foreclosure lawsuit Baxter Bulletin The entire property was attached to the mortgages as collateral along with a receivership agreement that directs all rents to the lender in the case of borrower default. Default began on July 27, 2010, and the loans against the property remained in ...

Investors 'nervous' as big banks raise capital Bizjournals.com Fear among investors appears to be growing as reports surface that some of the biggest banks may be in trouble and need to raise more capital if another financial crisis is sparked by continuing problems in Europe and a softening US economy. ...

Arch Cru victims face delay over compensation This is Money By Jeff Prestridge Investors who trusted their money to fund management house Arch Cru, only for the funds to be suspended in the wake of the financial crisis in early 2009, have been told they may have to wait a further two months before receiving ...

Royal Bank of Scotland to fight US mortgage action BBC News Values plunged during the financial crisis and a bailout of mortgage firms cost US taxpayers billions of dollars. RBS says it has "substantial" legal and factual defences to the US claims. A spokesman said: "We believe we have substantial and credible ...

Things Look So Bad They Can Only Get Better Seeking Alpha Lower even than they were at the end of 2008, when the market was priced to years of deflation, a global depression, the default of as many as half the companies in the country within the next 5 years, and a global financial collapse. Wow. ...

What workers can do to better their retirement Telegraph.co.uk At the heart of DC pensions is the default fund, which four out of five workers simply opt for when the sign up to their company scheme. Many default funds have come under fire in the past for being poor performers. But perhaps the biggest worry is ...

Europe's Debt Crisis Fuels Civil Resistance CounterCurrents.org When the world financial crisis erupted in 2008, most Western states resorted to lending massive amounts of money to save their tottering banks. Whereas previous to the crisis states belonging to the Euro zone were obliged to keep budgetary deficits ...

Greek central bank provided emergency funding to banks Reuters "Since the beginning of the fiscal crisis, as part of the Eurosystem, Bank of Greece is providing significant support to the liquidity of the banking system," Provopoulos said in an interview with Sunday's Kathimerini newspaper. ...

Fed's 'solution': Continue with the problem Amarillo.com Recently, former Federal Reserve Chairman Alan Greenspan appeared on “Meet the Press” in an attempt to reassure the American people that there was no chance that the federal government would default on the public debt. Far from being reassured, ...

Euro crises Euro bonds may be the final solution Moneycontrol.com “The more influence from the political side, which is the case now, after the increase, it will definitely not have the speed of avoiding contagion in the future.” He further said, in the end, the final solution would definitely be that there are euro ...

Cash crisis warning if expenditure is not contained BusinessLIVE Economists warn that government will find itself in a serious financial crisis if it fails to contain its expenditure. Zimbabweans queue to withdraw money from a bank in Bulawayo. This was said this week, two months after the Minister of Finance, ...

Iceland Welcomes China Ties After Abandonment by West, FT Says Bloomberg By Kevin Crowley - Sat Sep 03 11:55:49 GMT 2011 China and India helped Iceland following itsfinancial crisis while the US and Europe abandoned the country, Olafur Ragnar Grimsson, Iceland's president, said in an interview with the Financial Times. ...

Dartmouth firm sues over loan program TheChronicleHerald.ca By JOANN ALBERSTAT Business Reporter A Dartmouth company is suing the Toronto firm that administers the federal student loan program, alleging it copied a system designed to help reduce default rates. The Canadian Financial Wellness Group Inc. filed ...

World Bank's Zoellick Says Sovereign Debt Crisis Threatens Euro Bloomberg “The financial crisis in Europe has become a sovereign debt crisis, with serious implications for the Monetary Union, banks and competitiveness of some countries.” European sovereign default risk rose to a record yesterday after a report showed ...

Probe Delays Huttenlocher Hedge Fund Launch Wall Street Journal In 2008, the Highbridge Asia fund suffered a roughly 30% loss by the end of October—worse than most hedge funds amid the financial crisis—prompting clients to request withdrawals for about 55% of the Asia fund's assets, say people familiar with the ...

Senior IMF Economist Expects Hard Default For Greece. Soon ... By Yohay According to a senior IMF economist who wasn't identified, Greece will likely face a “hard default” well before March 2012. It could happen during 2011, and perhaps after the current round of negotiations. This acknowledgement from someone ... Forex Crunch

Game Over? Senior IMF Official - "I Expect A Hard Greek Default ... By Tyler Durden "I expect a hard default definitely before March, maybe this year, and it could come with this program review," said a senior IMF economist who is keeping close tabs on the situation. "The chances for a second program are slim." It is not only ...

Cheney book: McCain's response to financial crisis was 'risky' - Los ... Sen. John McCain's attempt to suspend his presidential campaign to deal with the financial crisis in the fall of 2008 stunned many in the White House and struck ... articles.latimes.com/2011/.../la-pn-cheney-mccain-20110830

Biden Tells China US Will Never Default - CNBC U.S. Vice President Joe Biden on Sunday rejected views that American power is waning and said Washington would never default, wrapping up a China visit ... www.cnbc.com/.../Biden_Tells_China_US_Will_Never_Defau...