Feeds 
The nation's largest doctors' group this week adopted new ethical guidelines for how physicians should talk to pregnant patients about donating their babies' umbilical cord blood.
Uganda's finance minister wanted to give more than 90 percent of his country access to the banking system and financial services to try to spur economic growth, especially in poor rural areas. But his government did not have the know-how or the money to do it.
The Bush administration issued a warning Tuesday to U.S banks that Iranian entities may try to skirt financial sanctions by using various "deceptive practices."
Kuwaiti lawmakers' refusal to forgive Iraq's debt has shone a troubling light on the lingering bitterness many of its neighbors feel toward Saddam Hussein's rule — and their suspicion of Iraq's new Shiite-led government.
New York state is offering colleges settlements in its investigation into student loan kickbacks if the schools promise to follow a code of conduct, according to published reports.
A former U.S. defense secretary traveled to North Korea Thursday to visit an industrial zone jointly run by the two Koreas, the South Korean Unification Ministry said.
Some check cashers and money transmitters — often relied upon by the poor and immigrants for financial transactions — might still be having problems getting the banking services that they need to stay in business, a Treasury Department agency said Wednesday.
You list and bid for shoes, concert tickets and even cars online. Why not loans, too?
From today's NYTimes articles This Is the Sound of a Bubble Bursting , and Officials Falling Behind on Mortgage Fraud Cases its easier to comprehend BBC's article on subprime …
This is a huge global financial happening. A 900,000,000,000 global fund can move investments in many directions. I am usually a free market person, but this upsets me....and I am not so sure why. More to follow replytoj001
Of all the articles on the credit crisis, this is perhaps the most eloquently succinct in explaining how this situation can lead to a spiral that will plunge us into a catastrophic depression that could see unemployment levels skyrocket to levels not seen since the 1930s.
In 1896 William Jennings Bryan brough down the house with his Cross of Gold speech, in which he railed against the gold standard. Americans responded because many felt they had indeed been crucified upon a cross of gold by the bankers and the rich men of the east.
The rumours are that the fund - or funds - may end up having a value north of $2.1 trillion dollars if some of the rumours are to be believed, which is more than enough to change the corporate landscape of just about any nation.
The lawyers are going to be smiling with this one. At the end of the day, regulation is once again going to be come back into vogue. But before then, look for some startling revelations about how some of these funds were sold to unsuspecting investors.
So where were the regulators as one of the greatest financial disasters since the Great Depression unfolded? They were blinded by ideology.
Always a worrying sign when banks start suing other banks for the performance of managed funds.
Lending policy of most banks over the past few years could be classed as "Ask and ye shall receive"...now it is along the lines of "From my cold dead fingers".
What is more shocking: the fact that a rescue would cost this much or that it is even being attempted? At the end of the day, it is right that the savings of individuals be protected and if the UK government must intervene, so be it.
I was referred to an online move called Zeitgeist, which I viewed today. As I give my own opinion, please be sure to realize that your opinion might differ.
This is a massive injection of liquidity into the markets and is indicative both of the serious intent of the ECB to take whatever actions is needed...and the sheer scale of the problem.
Barely regulated banks are getting away with one usurious practice after the next: not only the subprime fiasco, but the extortionate service fees on your bank accounts and the escalating interest fees, late fees and truncated payment cycles on your credit cards
Goldman Sachs hires exceptionally smart people...but can they really be that much smarter than those at Morgan Stanley, JP Morgan or Lehmann Brothers that whilst all those guys lose big time, GS keeps minting more black? Conspiracy theorists love the sounds of it...
To the cynic, in today's disturbed banking environment, the decision by the Taiwanese authorities to pay HSBC $US1.5 billion to rescue The Chinese Bank, a failed local lender, might look like the offer of a poisoned chalice to the British bank.
I had heard rumours that some local councils had invested a small portion of their portfolios (less than 10%) in CDOs, but it seems the actual numbers are far greater. And it is dawning that the way these were marketed may not have been fully proper.
The Fed is powerless now...but it was not when he was in charge.
Amidst the sea of red ink with the sub-prime crisis, the structured products group at Goldman Sachs is smiling: they bet the right way just as the crisis hit.
Friday, December 14, 2007 Hey Brother, can you Spare a Billion, or Two, or Ten????????
It's more than just the price of crude oil that's impacting prices at the gas pump. A major cause for concern is credit card fees that continue to rise.
November was an ugly month for markets, but the future may be a little brighter. Niels C. Jensen of Absolute Return Partners LLP explains the recent market behaviour - and what we can expect in 2008.
One day, someone may look back and ask: At the end of the 20th century and the beginning of the 21st, how did so many take up financial careers on Wall Street that were of such little social value? Just now, the markets are roiling, money managers and investment banks are reporti …
Underwriting an asset...and then betting against it.
China has USD 1.4 trillion in cash reserves...which should be just about enough to cover all the bad loans that the banks have made to Chinese enterprises that simply had no idea of smart investing.
Code of Honor
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