Commission president Barroso said the region will unveil options for a Euro bond.
Comments »Cheers: National Default For Your Health
Greece is Not the First Domino…Right?
Will Capital Tax Gain Cuts Help the Economy ?
Price Correlation Soars to 97.2%; Highest Point Since Lehman Debacle
Interesting correlation as most banks and institutions tout diversification. Gold and silver have been the best diversification lately.
Comments »Greenspan: US Can’t Fix Economy Without ‘Inflicting Pain’
Meet the Money Manager Up 45% This Year
Median U.S. Income Drops 2.3% as “Poverty Level” Rises
Bearish Euro Options Get Accumulated
DICK bove Recommends a TARP Style Program for Europe
Who shall fund it..? The clam ? China ? Russia ? How about the Libyan rebels and all that cash they have…
Comments »Tom Perkins Sees Harsh Results For Venture Capital Going Forward
A sour investment for venture capital may hurt the balance sheet more going forward since there are too many dollars chasing to little companies.
Perhaps overseas will save the day. Think off shore.
Comments »Financial Professionals Turn Up Grim Results in a Recent Survey
Large banks must submit unwinding plans
Comments »WASHINGTON (AP) — The largest U.S. banks will be required to show regulators how they would break up and sell off their assets if they are in danger of failing.
The Federal Deposit Insurance Corp. voted 3-0 Tuesday to approve the rules, which were mandated under the financial overhaul passed by Congress last year. They are designed to reduce the chances of another government bailout of Wall Street banks in the event of another financial crisis.
The rules require banks with $50 billion or more in assets to submit so-called living wills to the FDIC, the Federal Reserve and the Financial Stability Oversight Council and send revised plans annually.
Among the banks affected are Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co.
The biggest banks of the group would have to start filing their plans next July. The others wouldn’t be due until 2013.
The FDIC says that 124 financial firms plus 37 federally insured banks and thrifts will be subject to the requirements. Twenty-six of the institutions are U.S. banks or financial firms. The rest are U.S. subsidiaries of banks based in foreign countries.
ECB Deposit Facility Usage Soars; Described as Parabolic
Liquidity is scarce and solvency is questionable…LIBOR continues to move higher.
Full article/analysis of Europes debt woes
Also dollar reserves are up across Europe
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Rumors Carpe Diem Global Equities a Third Time in 24 Hours
Russia is now purported to be a white knight for Italy’s debt woes…
Comments »Goldman on Obama’s Jobs Bill
A bump of 1.25% GDP in 2012; if it passed. Preliminary judgement says it will not pass.
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