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  Global Financial Crisis
Last updated: 21:18:59 Saturday Mar 13, 2010


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Global Financial Crisis


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  • Author Lewis equates Wall Street bonuses with "theft"
    NEW YORK (Reuters) - Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book "Liar's Poker," says Wall Street bonuses at banks bailed out by Washington are "a very elegant form of theft."   Activities:Global Financial Crisis   Source:(Reuters)   2010-03-13

    Data on industry output, home building boost hopes
    WASHINGTON - Hopes that the economy can sustain its recovery drew support Wednesday from news that industrial ouput rose for a seventh straight month and home construction hit a six-month peak in January.   People:Barack Obama   Activities:2008 U.S. Real Estate Crisis   Source:(AP)   2010-02-17

    Fed thinking of selling debt to withdraw stimulus
    WASHINGTON (Reuters) - Several Federal Reserve policy makers want to begin selling securities relatively soon to cut back the U.S. central bank's massive help to the financial system as the economy finds a footing, the Fed said on Wednesday.   Nations:U.S.   Activities:2008 U.S. Financial Rescue   Source:(Reuters)   2010-02-17

    Foreclosures down in January, but surge on way?
    The number of U.S. households facing foreclosure in January increased 15 percent from the same month last year, and a surge in cash-strapped homeowners who've fallen behind on mortgages could be on the way.   Nations:U.S.   Activities:2008 U.S. Real Estate Crisis   Source:(AP)   2010-02-11

    CIT names ex-Merrill CEO Thain as chairman, CEO
    NEW YORK - CIT Group said Sunday it has chosen former Merrill Lynch CEO John Thain to lead the company as chairman and CEO as the commercial lender continues to restructure its business following a brief stay in bankruptcy protection last year.   Activities:2009 CIT Group Crisis   Source:(AP)   2010-02-07

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