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This sort of thing troubles me as it appears to have at least some backing in the British government.
Apparently roughly half the employees of these banks are women, but at the senior echelons, the ratio falls to about a quarter.
The assumption seems to be that sexism is to blame, but I...
CNBC with a rare dose of the truthy stuff
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I concur with virtually every word. anybody watching closely (or trading) the markets knows its a headline driven momentum-HFT infested joke.
Julian Assange revealed in a Forbes interview that early next year, Wikileaks will drop a trove of documents that could take down "one or two banks."
It's speculated that these documents are the 5GB of data from Bank of America, that's been copied from one of the executive's hard drives.
What...
Country wide trouble for Bank of America
http://www.dailyfinance.com/story/credit/bank-of-america-mortgage-document-errors-trouble-countrywide/19728402/?icid=maing%7Cmain5%7C3%7Clink6%7C27442
If true I find it highly unlikely that such corner cutting was limited only to Countrywide. So if...
As a UK taxpayer I am now part-owner of two heavily shop-soiled banks.
I've struggled to find a source for the price per share we bought them at to judge when the government breaks even on its purchase.
Does someone know?
My opinion is no it won't. Bank losses are guaranteed no matter how little they sell your home for, to their friends, after they throw you out. It seems Republicans and Democrats love socialism for the banks and wealthy when covering their losses with your money. As they did with the bailouts...
I haven't seen much made of this, but catching up on my reading this weekend, I noticed this from the WSJ:
http://online.wsj.com/article/SB10001424052748703278604574624681873427574.html?mod=rss_Today%27s_Most_Popular
Most of the damage is noted to be in the 2005-2007 period, but it looks...
I believed the President and all the politicians when they told us that we just had to prop up the failing financial institutions with billions of taxpayer dollars. It was just too big, and too wide reaching, that all kinds of pandemonium would erupt if we didn't band together behind our poor...
So the stock market lost almost TWICE as much yesterday then the proposed bailout that was supposed to save us all.
Yet the world did not come to an end! The overseas markets, while not rose are still OK
http://money.cnn.com/2008/09/30/markets/stockswatch/?postversion=2008093007...
I'm not smart about money and high finance. What is everyone so afraid will happen if the government doesn't bailout the wall street firms? Why is the bailout a better option than letting them figure out their own way out of the mess? Why is it a better option for our government than, say...
A friend of a friend espouses a conspiracy of which I only have vague details but it sounds hilarious.
The only things I know about it are that the banks are about to crash (possibly deliberately), and this person is advising that the way to protect yourself is to amass lots of quarters (US...
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