Finance
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Bernanke Tells the Truth: The United States is on the Brink of Financial Disaster (Robert Wenzel)
Oct. 5, 2010 (EconomicPolicyJournal.com) -- Yesterday, Federal Reserve Chairman Ben Bernanke delivered a speech before the the Annual Meeting of the Rhode Island Public Expenditure Council ...
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Mortgage-Title Fraud: A National Catastrophe (Jeff Nielson)
Jeff Neilson Oct. 8, 2010 (Seeking Alpha) -- It is impossible to overstate the severity of the real estate crisis in the United States which has been caused entirely by the reckless fraud of the ...
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BofA Extends Freeze on Foreclosures to All 50 States (Michael J. Moore and Lorraine Woellert)
Oct. 6, 2010 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender, extended a freeze on foreclosures to all 50 states as concern spread among federal and local officials that homes are ...
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Drinks Are Free as Bartenders Refill Punchbowl (William Pesek)
Oct. 6, 2010 (Bloomberg) -- It has been 13 years since the Bank of Japan was freed from the clutches of politicians. What has it done since? Cut interest rates to zero and left them there. If that’s ...
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Fmr. Intelligence Director: New Cyberattack May Be Worse Than 9/11 (Max Fisher)
Sept. 30, 2010 (The Atlantic) -- Speaking at the Washington Ideas Forum at the Newseum in Washington, D.C., former Director of National Intelligence and Director of the National Security Agency Mike ...
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Retail Sales in U.S. Increase for a Second Month (Shobhana Chandra)
Sept. 14, 2010 (Bloomberg) -- Sales at U.S. retailers rose in August for a second consecutive month, easing concern the economy will stumble in the second half of the year. Purchases increased 0.4 ...
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International Panel Reaches Accord on New Rules for Banking Industry (New York Times)
Sept. 12, 2010 (New York Times) -- Top central bankers and bank regulators agreed Sunday in Basel, Switzerland, on far-reaching new rules for the global banking industry that are designed to avert ...
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The Backward Slide into Recession (Mike Whitney)
Aug. 30, 2010 (Information Clearing House) -- Ongoing deleveraging has slowed personal consumption and trimmed 2nd quarter GDP to a revised 1.6 percent. The economy is sliding backwards into ...
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Make Sure the Bunker is Well Stocked (Mike Whitney)
Aug. 29, 2010 -- (Information Clearing House) -- Robert Herz was forced to resign from his job as as chairman of the Financial Accounting Standards Board (FASB) because he insisted that the banks ...
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Morgan Stanley Analyst Says Governments to Default (Matthew Brown)
Aug. 25 (Bloomberg) -- Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive ...
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U.S. Economy Grew a Revised 1.6% in Second Quarter (Bob Willis)
Aug. 27, 2010 (Bloomberg) -- The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated, as companies reined in inventories and the trade deficit ...
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