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Jamie Lee Curtis: Fix the Income

30 Jan 2010 08:06:11 PST

Written by Jamie Lee Curtis
I am thinking about the millions of workers who were cut loose by their partners, their government, their businesses, their bosses, their schools, institutions. The rope has been cut. How did this happen. When did it happen? Was it the crash or the Mad(off) men or the shock and awe of the (don'...

Original story at Huffington Post .

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American Marine Bank seized, sold to Columbia State Bank

29 Jan 2010 18:22:40 PST

The Bainbridge Island-based bank has been sold to Columbia State Bank of Tacoma by the The Federal Deposit Insurance Corporation.

Original story at KOMO . Related stories include: Evergreen Bank seized, sold to Umpqua Bank - nwcn.com , Five More Ga. Banks Added To Watch List - gpb.org and ... Yahoo! Finance , rn-t.com , FOX 5 Atlanta , Finance Technology Network , northwestgeorgia.com , FOX 24 Macon

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Premier American Bank, N.A. Announced Agreement with the FDIC to Acquire Florida Community Bank

29 Jan 2010 15:39:00 PST

MIAMI----Premier American Bank, National Association, a national bank headquartered in Miami, Florida , announced that it has entered into an agreement with the Federal Deposit Insurance Corporation to purchase certain assets and to assume certain deposits of Florida Community B...

Original story at Yahoo! Finance .

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Fed Chief Bernanke Wins Second Term in Closest Vote

29 Jan 2010 08:26:36 PST

WASHINGTON -- Embattled Federal Reserve Chairman Ben Bernanke won confirmation for a second term Thursday, but only by the closest vote ever for the crucial post and after withering criticism from lawmakers for bailing out Wall Street while other Americans suffered in recession.

Original story at U.S. News & World Report .

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Economy Grew 5.7% Last Quarter

29 Jan 2010 07:07:43 PST

Written by Justin Gardner
Growth was boosted a sharp slowdown in the pace of inventory liquidation, a factor that could mask the strength of the economic recovery from the longest and deepest downturn since the Great Depression. But what do some economists say?

Original story at Donklephant .

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Opinion: Yves Smith: AIG Scandal: Fed as Chump or Fed as Crony?

28 Jan 2010 15:28:57 PST

Written by Yves Smith
2. They thought they had a better perspective on value than the banks themselves. This is staggering. They have NO idea how these deals are structured, no day-to-day involvement in the subprime, Alt-A, or commercial real estate markets. They are at a massive information disadvantage. The id...

Original story at Huffington Post .

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Finance news and blogs - February 27, 2010

27 Feb 2010 00:00:01 PDT

Below is today's roundup of news and blogs that haven't yet hit top story status by our community. Visit Finance news and blogs for even more news and blogs converage.

• Crisis in Spain and Greece: Plan A and Plan B -- by Michael Shedlock(noreply@blogger.com) from Mish's Global Economic Trend Analysis
• Columbia State Bank Acquires Substantially All of the Deposits and Assets of American Marine Bank, Bainbridge Island ... -- from PR Newswire via Yahoo! Finance
• Columbia State Bank buys American Marine Bank -- from NorthWest Cable News
• Bair Offers Guarded Praise for Trading Curb Limits -- from New York Times
• Mary Bottari: This Week in Banking: Root Canals, Rhetoric or Real Reform? -- by Mary Bottari from The Huffington Post Full Blog Feed
• Bernanke Wins Second Term As Fed Chief -- from NPR Topics: Economy
• Secret Deals Involving No One; AIG Coverup Conspiracy Unravels -- by Michael Shedlock(noreply@blogger.com) from Mish's Global Economic Trend Analysis
• Ben Bernanke Confirmation Vote: LATEST DETAILS -- by The Huffington Post News Team from Latest News
• Janet Tavakoli: Congress Exposes Potential Profiteering in AIG's Deals: Delay Enabled Further Cover-Up -- by Janet Tavakoli from Business on HuffingtonPost.com
• Children feel ripple effects of the poor economy -- from The New Canaan News

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Thoughts on Geithner, AIG, the Fed, and Tax Cuts -- By: Larry Kudlow

28 Jan 2010 07:08:37 PST

Written by webmaster@nationalreview.com (Larry Kudlow)
The question now becomes how to unwind the AIG bailout. The big banks have de-TARPed. The issue of AIG secrecy, however, still remains. But that’s not Geithner’s issue. He wasn’t part of the secrecy; he was part of the solution. (Incidentally, former Treasury man Henry Paulson will join me on T...

Original story at National Review Online .

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Madoff Trustee Reports $220 Million Accord With Levy Family

28 Jan 2010 03:54:16 PST

The liquidator for Bernard Madoff’s defunct business said the family of deceased New York real estate magnate Norman F. Levy agreed to pay $220 million to settle claims over its profit from the fraud.

Original story at BusinessWeek .

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SEC Approves Interpretive Guidance on Climate Change Disclosures

27 Jan 2010 15:47:07 PST

Written by Securites Lawprof
The SEC today voted to provide public companies with interpretive guidance on existing SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change. The interpretive release approved today provides guidance on certain...

Original story at Media Law Prof Blog .

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Hypocrite Bernanke and his Political Pandering; Bernanke Buys Votes

27 Jan 2010 08:23:18 PST

Written by Michael Shedlock(noreply@blogger.com)
The job of Bernanke, Geithner, and Obama is to keep the rentier-financiers' imperial plunder regime in power. Ironically, whether or not Bernanke actually made those promises to Reid is irrelevant. Bernanke should never have put himself in the position to be accused. However, the key poi...

Original story at Mish's Global Economic Trend Analysis .

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Opinion: Senator Merkley Makes The Case Against Bernanke

25 Jan 2010 15:16:08 PST

Written by Turkana
Last month, Senator Jeff Merkley (D-OR) was the sole Democrat on the Banking Committee to vote against reconfirming Ben Bernanke as Chairman of the Federal Reserve. The good news is that more Democrats have come out to oppose Bernanke. The bad news is that more Democrats have come out in sup...

Original story at The Left Coaster .

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Bureau of Prisons says Bernard Madoff being treated for dizziness and hypertension

24 Dec 2009 10:33:28 PST

BUTNER, N.C. - The federal Bureau of Prisons says Bernard Madoff is being treated at a prison medical center for dizziness and hypertension. Spokeswoman Traci Billingsley says Madoff is being treated at a hospital at the Butner federal prison in North Carolina.

Original story at Minneapolis Star Tribune .

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Georgia bank is 134th failure of the year

18 Dec 2009 14:51:13 PST

State regulators in Georgia closed RockBridge Commercial Bank Friday, bringing the total number of failed banks this year to 134, the Federal Deposit Insurance Corporation said.

Original story at CNN .

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US-Time-Person-of-Year

16 Dec 2009 06:30:25 PST

CNN) -- Time magazine announces Fed Chairman Ben Bernanke as its 2009 Person of the Year. It calls him "the most powerful nerd on the planet. ...

Original story at WIBW . Related stories include: Gold Price Plunges - U.S. Dollar Rally Sends Gold Stocks Lower - GoldAlert - goldalert.com , “Time” Person of the Year: Ben Bernanke - Twirlit , Gold, Oil Rebound As Dollar Slips - Barron's - blogs.barrons.com

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What's Next on Warren Buffett's Buy List?

15 Dec 2009 07:02:28 PST

Buffett also recently upped his stakes in Johnson & Johnson (NYSE: JNJ). So which company do you think Warren Buffett will be investing in next and why? ... Fearful Stocks for Greedy InvestorsMotley Fool 5 Top Stocks at Half PriceMotley Fool This Is What Buffett Looks ForMotley Fool

Original story at Motley Fool . Related stories include: High Growth Prem Watsa Stocks: Berkshire Hathaway Inc., Brown & Brown Inc ... - GuruFocus.com , No More Tears For Johnson & Johnson (JNJ, PG, KFT, K, BRK-A, FFH) - Investopedia and ... seekingalpha.com , guba.com

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Why BofA Wants BONY's Kelly - FOXBusiness

11 Dec 2009 05:39:24 PST

FOXBusiness (blog) And it also makes perfect sense why BofA swiftly paid back its $45 billion in TARP bailout money in order to chase after Kelly. By paying back TARP, ... BofA Is Back In CEO Talks With KellyWall Street Journal Bank of New York CEO Said to Want Bank of America JobBloomberg

Original story at Fox Business .

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Obama's Big Sellout

10 Dec 2009 11:16:41 PST

Left to deal with the still-reeling economy are lame-duck Treasury Secretary Henry Paulson, a former head of Goldman Sachs, and New York Fed chief Timothy ...

Original story at Center for Research on Globalization . Related stories include: PUTTING OBAMA ON HOLD, IN A HINT OF WHO'S BOSS - El Paso Inc , Obama's Big Sellout - Common Dreams - commondreams.org , Obama's Big Sellout by Matt Taibbi - Lew Rockwell

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Black lawmakers call on Obama to do more on behalf of blacks

09 Dec 2009 14:52:32 PST

On Monday, Frank agreed to Waters's proposal to steer $3 billion from the federal Troubled Assets Relief Program toward mortgage relief for the unemployed. ... and more »

Original story at Washington Post .

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Colbert Takes On The Federal Reserve, Says Congress Is Trying To See 'Its Fiscal Naughty Parts' (VIDEO)

09 Dec 2009 09:50:30 PST

Written by The Huffington Post News Team
Count Stephen Colbert among the opponents of calls to audit the Federal Reserve. Responding to what he calls claims that the Federal Reserve is a... Count Stephen Colbert among the opponents of calls to audit the Federal Reserve. The Fed's "merely an extra-constitutional star chamber that c...

Original story at Huffington Post .

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SEC Charges Former Officers of Subprime Lender New Century With Fraud

07 Dec 2009 10:28:26 PST

The Securities and Exchange Commission today charged three former top officers of New Century Financial Corporation with securities fraud for misleading investors as New Century's subprime mortgage business was collapsing in 2006. At the time of the fraud, New Century was one of the l...

Original story at SEC.gov Updates . Related stories include: SEC Charges Three Subprime Lenders with Fraud - MortgageNewsDaily.com , SEC Charges Former New Century Financial Officers with Securities Fraud - Media Law Prof Blog and ... Alibaba News Channel , prnewswire.com , securities.law360.com , businesswire.com , WELT ONLINE

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Opinion: Sen. Ted Kaufman: Breaking Wall Street's Boom, Bailout Cycle

06 Nov 2009 09:35:15 PST

Written by Sen. Ted Kaufman
Congress and the SEC have not enacted any reforms. And the American people remain at risk of another financial debacle. Mr. President, we must never let this happen again. Mr. President, I rise today because I am deeply concerned that just over one year since the collapse of Lehman Brothers, a f...

Original story at Huffington Post .

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US Treasury Secretary to Meet with Top Chinese Officials

27 May 2009 09:58:51 PDT

By VOA News US Treasury Secretary Timothy Geithner will meet with China's top officials when he travels to Beijing next week. The Treasury Department said in a statement Wednesday that Geithner will hold talks with Chinese President Hu Jintao and ...

Original story at Voice of America .

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Opinion: Robert Teitelman: Michael Lewis on Warren Buffett

19 May 2009 14:05:52 PDT

Written by Robert Teitelman
Michael Lewis has up at the New Republic a book review of Alice Schroeder's biography of Warren Buffett, "The Snowball: Warren Buffett and the Business... Michael Lewis has up at the New Republic a book review of Alice Schroeder's biography of Warren Buffett, "The Snowball: Warren Buffett...

Original story at Huffington Post .

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SEC to Probe Relationship Between Madoff’s Niece and Ex-SEC Lawyer

17 Dec 2008 07:07:30 PST

Written by Dan Slater
I am gravely concerned by the apparent multiple failures over at least a decade to thoroughly investigate these allegations or at any point to seek formal authority to pursue them. – Christopher Cox, SEC Chairman, referring to the Commission’s failure to investigate Bernard Madoff

Original story at WSJ.com .

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Opinion: Using Insider Trading Prosecutions for Political Cover

28 May 2007 15:19:55 PDT

Written by Steve Bainbridge
Via Peter Lattman:A big Bloomberg story puts Chris Cox on the hot seat, raising the issue of whether the SEC chairman is favoring corporations at the expense of investors. ... Said one investor-protection advocate: “There are certain actions they have...

Original story at ProfessorBainbridge.com .

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