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The Central Question Posed by the Great Crash

The Great Crash posed one question for this country: who would bear the losses? Would it be the banks that caused the problems? The officers, directors and shareholders of those banks? Their careless counterparties? The investors who bought the fraudulent real estate mortgage-backed securities and the complex spin-offs? The owners of capital who threw money into hedge funds and other exotic investments expecting a geyser of money in return? No.
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Counterparties: Citi shareholders speak on pay

Business & Finance : Felix Salmon (2 years ago)

The shareholders have finally spoken. In a move that rebuked Citigroup management and the board of directors, the bank's shareholders rejected the proposed $15 million pay package for CEO Vikram Pandit, as well as pay for three othe... Read Post

China Cenbank Injects $81 Billion Into Major Banks To Support Economy: Reports

Business & Finance : Business Insider: Clusterstock (2 hours ago)

By Lu Jianxin and Kazunori Takada SHANGHAI (Reuters) - China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are... Read Post

‘Sanctions risk oil's flash crash’

Business & Finance : Business Report (3 years ago)

Soaring oil prices and the loss of exports from South Sudan, Syria and Iran pose awkward questions for investors and policymakers. ||| Soaring oil prices and the loss of exports from South Sudan, Syria and Iran pose awkward question... Read Post


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