Bad Credit Loans

Bernanke led the economy through the tumultuous months of the most severe recession since the 1930s, as the Fed took extraordinary measures to inject hundreds of billions into the battered financial system Federal Reserve chairman Ben Bernanke is set to appear before a panel investigating the financial crisis to give his take on the meltdown and [...]

The Toronto summit shows that now the threat of a second Great Depression has passed, it will take another crisis for the G20 to redress global economic imbalances Born out of necessity in the dark days of late 2008, the cracks are beginning to show in the G20. Developed and developing nations were united when confronted [...]

It’s a shame the world’s largest economies are reluctant to adopt the practical policies that can restore growth and employment The US and European Union together make up about half of the global economy, and recovery is quite uncertain in both of these big economies. Contrary to a lot of folk wisdom and political posturing, the [...]

Buffett initially declined the Financial Crisis Inquiry Commission’s invitation to appear, so it issued him with a subpoena Being the third-wealthiest person in the world has many perks, but it has not allowed Warren Buffett to wriggle out of an unwelcome date today with a top US committee investigating the causes of the financial crisis. Buffett is [...]

It’s neither unlawful nor unethical to bet against your own clients. It’s the way Wall Street works Those Goldman Sachs bankers. Self-serving, intolerable rogues who live in the “la-la land” of ledger entries, doing incalculable harm through their unbridled greed, overseen by supervision inferior to a Las Vegas pit boss. That’s a brief collection of venom spat [...]

Securities and exchange commission charges Goldman Sachs with conflict of interest in sub-prime mortgage asset sales The Wall Street bank Goldman Sachs, long considered a shrewd winner from the financial crisis, was slapped with potentially devastating fraud charges todayas US regulators accused the firm of fiddling investors out of more than $1bn (£640m) by wilfully mis-marketing [...]

Seattle-based Washington Mutual was seized by regulators at the height of the financial meltdown in September 2008 A cosy circle of American regulators and Wall Street executives operated a “too clubby to fail” policy of protecting huge investment banks at the expense of high street players, according to a bitter attack on the US government’s [...]

Credit rating agencies helped cause the financial crisis – and as they rear their heads again, it’s time for Obama to get tough Credit rating agencies played a big role in creating the financial crisis. Now they are slowing the recovery. Financial regulatory reform legislation in the US has finally put the agencies on the radar [...]

Paul Krugman says it isn’t necessary – but breaking up financial giants would at least give us hope that things can change It’s not often that I disagree with Paul Krugman, but there are occasions where at least one of us is wrong. And the treatment of too big to fail (TBTF) banks is one of them. Krugman [...]

Geithner says Obama is hugely concerned about jobless rate The treasury secretary Timothy Geithner warned today that US unemployment was “terribly high” and would remain “unacceptably high for a very long time”. The Obama administration was “very worried” about the jobless rate, Geithner said in an interview, which has soared to almost 10% in the [...]