Tag Archives: Business Insider

Business Insider – Linette Lopez – Senator Elizabeth Warren Is Outraged That AIG Is Considering Suing The US Government – 9 January 2013

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(Lucas : It is now showing the inevitable decay of a system that is beyond repair politically as in financial sense as Corporate USA goes against Corporation USA –  Get real, stop this fraudulent and criminal  system of debt slavery and control NOW.)

Picture Wikimedia/Tw

Elizabeth Warren, one of the newest members of the Senate Banking Committee, is sending around a statement about the news that AIG’s board will consider whether or not to sue the U.S. government tomorrow.

Warren is known (and maybe feared) for being a major critic of financial institutions during the financial crisis. In 2008, AIG took a bailout from the federal government to save it from bankruptcy as it was on the hook for insuring billions of dollars worth of bad mortgage bonds. Continue reading

Business Insider – In 20 Seconds, Bill Clinton Made The Best Case For Electing Obama That Anyone Has Made Yet – 6 September 2012

At his DNC speech, Bill Clinton makes the most concise case for re-electing Obama that anyone has put together yet.

in-20-seconds-bill-clinton-made-the-best-case-for-electing-obama-that-anyone-has-made-yet-2012-9

http://www.businessinsider.com  link to original article

Business Insider – Goldman: QE Not Happening – 15 August 2012

queen elizabeth II cruise ship

Picture by Wikimedia Commons

In recent years, deteriorating economic data has led to Fed stimulus in the for of quantitative easing (QE) or operation twist – both efforts to lower borrowing costs for businesses and consumers.

However, a pattern emerged: in the months following a new Fed easing program, markets would rally. Continue reading

Business Insider – Linette Lopez – Report : Everyone For Themselves : Wall Street Banks Are Throwing Each Other Under The Bus In LIBOR-Gate – 7 August 2012

Is there anyone on the Street who didn’t see this coming?Ever since Barclays paid a huge settlement for manipulating the LIBOR last month, investigators have been looking into manipulation at all major Wall Street banks. Continue reading

Business Insider – The Euro Area Downturn Is Getting Worse – 24 July 2012

New economic data out of the Eurozone suggests things are just getting worse.

The Flash Eurozone purchasing managers index fell to 46.4 in July, which represents the sixth straight month  below 50.  And a reading below 50 signals contraction. Continue reading

Eric Platt – Business Insider – Moody’s Downgrades Global Banks – 22 June 2012

Nuclear explosion: Picture  by wikipedia commons
UPDATE:

Ratings agency Moody’s downgraded the long-term credit ratings of 15 major U.S., Canadian, and European banks today after markets in New York closed. Continue reading

Eric Platt And Mamta Badkar – Business Insider – Stocks Collapse: Here’s What You Need To Know – 21 June 2012

Eric Platt And Mamta Badkar – Business Insider

Markets plunged ahead of Moody’s expected downgrade of the banking sector.
But first, the scoreboard:
Dow: 12,573.57, -250.8, -1.96%
Nasdaq: 2,859.09, -71.3, -2.44%
S&P 500: 1,325.51, -30.1, -2.23%

Here’s what you need to know. Continue reading

Buisness Insider – Tens Of Thousands Protest Austerity Cuts In Spain – 29 April 2012

MADRID (AP) — Tens of thousands of people across Spain are protesting education and health care spending cuts as the country slides into its second recession in three years.

With unemployment at 24.4 percent — a Eurozone high — and more than half of Spaniards under 25 years old jobless, Prime Minister Mariano Rajoy’s conservative government has introduced stinging austerity measures in its first five months in office. Continue reading

Adam Taylor – Ólafur Ragnur Grímsson : Iceland’s President – FULL TRANSCRIPT: Iceland’s President Explains Why The World Needs To Rethink Its Addiction To Finance – 14 April 2012

Here’s the full transcript of our interview with Ólafur Ragnar Grímsson, who has been President of Iceland since 1996, and announced last month he would be running for a fifth term. Keep reading to hear his thoughts on Iceland’s recovery, and how a large financial sector can ruin the world.

How has life in Iceland changed since the meltdown?

It’s very difficult to give a short description of how life has changed. It’s absolutely clear in Iceland, like many other countries, the financial crisis came as a profound shock, not only to the financial institutions, but also to ordinary people, the economy…

Read more: http://www.businessinsider.com/olafur-ragnur-grimsson-iceland-2012-4?utm_source=inpost&utm_medium=seealso&utm_term=&utm_content=1&utm_campaign=recirc#ixzz1s2G28kWV