The fundamental, and at times, passionate debate about sovereign debt is a predictable part of the sequencing of the financial crisis rumbling through the West. The crisis has exposed three major fault lines in our fiscal systems. First, it broke the banking system, the fixing of which has extracted a heavy cost. Second, it shocked [...]
Posts Tagged ‘financial crisis’
Markets look for political leadership
March 3rd, 2010 by Financial Writer
Tags: banking system, borrowing, debt crisis, economic growth, financial crisis
more...Fed’s Dudley: Financial reform needs global scope
February 8th, 2010 by Financial Writer
A revamp of the financial system needs to be global in nature to prevent a repeat of the worst financial crisis in some 70 years, a top Federal Reserve policy maker said on Monday.
“Although the raging crisis appears to be over, our work is not close to being complete. Making sure this work keeps moving [...]
Tags: Federal Reserve, financial crisis, financial reform, financial system, us financial system
Investors worry about Downturn: The Sequel
February 8th, 2010 by Financial Writer
Jittery stock traders react to each day’s news as if it could be the start of Financial Crisis 2.0. On Thursday, the Standard & Poor’s 500 index suffered its biggest one-day drop in more than nine months because of worries about debt problems in Greece, Portugal and Spain. Concerns about China’s plans to limit economic [...]
Tags: downturn, economic growth, financial crisis, investors, jittery stock, the sequel, us economic recovery
US economic rescue failing to meet key goals:auditor
January 31st, 2010 by Financial Writer
The 700-billion-dollar US government effort to rescue the financial system has failed to meet key goals such as sparking lending and curbing risky activities by banks, a special auditor said Sunday.
The special inspector general for the Troubled Asset Relief Program said in a report to Congress that it is too soon to measure the overall [...]
Tags: auditor, banks, financial crisis, financial system, lending, us businesses, us economic, us government
Dems, Wall Street water down financial reform
January 5th, 2010 by Financial Writer
“I have nothing to say except I know how Britney Spears feels,” said Rep. Barney Frank on Sept. 27, 2008, after yet another day in which a pack of journalists followed his every move.
In the frenzied early reckoning of the financial crisis, Frank, the 15-term Massachusetts Democrat known for being the second openly gay member [...]
Tags: banking industry, financial crisis, financial reform, legislators, us federal reserve, wall street
Market’s big ‘09 rally offers relief after awful ‘08
January 3rd, 2010 by Financial Writer
For investors, 2009 will go down as the year we survived the Great Recession and were able to breathe a huge sigh of relief.
After enduring a near-freefall in the early, panicky months of the year, the stock market mounted a tremendous rally in the final nine months, sending major indexes up more than 60 percent [...]
Tags: Dow Jones Industrial, financial crisis, great depression, great recession, stock market
GE returns to its roots as it spins off NBC
December 2nd, 2009 by Financial Writer
For General Electric Co., the NBC entertainment division was always an odd fit.
One of America’s iconic industrial businesses, GE has spent 23 years making sitcoms and blockbuster movies along with jet engines, dishwashers and light bulbs. The pairing of glitzy entertainment and gritty manufacturing has often confounded investors and even has been ruthlessly satirized by [...]
Tags: businesses, financial crisis, iconic industrial, real estate, recession
After flooding economy, Fed to mop up money
November 30th, 2009 by Financial Writer
The Federal Reserve is fine-tuning a strategy to reel in some of the unprecedented amount of money that’s been pumped into the economy during the financial crisis.
The Federal Reserve Bank of New York said Monday that investors and others shouldn’t conclude anything about when the central bank will reverse course and start boosting interest rates [...]
Tags: central bank, economy, fed, federal reserve bank, financial crisis, investors
A look at economic developments around the globe
November 4th, 2009 by Financial Writer
The British government moved to break up the country’s two biggest retail banks, imposing a major shakeup on the financial sector as it exacts payback for last year’s massive state bailout at the height of the financial crisis.
The government also injected billions of pounds more of taxpayer funds into Royal Bank of Scotland PLC and [...]
Tags: banking sector, economic, financial crisis, financial sector, retail banks
Skittish stock investors sit out while bull market runs
October 1st, 2009 by Financial Writer
With the money-losing memories of the financial crisis still fresh in their minds, investors are having a tough time embracing the new bull born in early March.
Despite the best back-to-back quarters of gains since 1975 for the U.S. stock market and a 56.2% rise in a 6 1/2-month span, many investors are questioning whether the [...]
Tags: financial crisis, investors, money, recession, wall street