New FDIC Rule Proposals Would Restrict Private Equity Investment in Failed Banks
Earlier today, the FDIC voted to move forward a proposal that would place restrictions on private equity groups seeking to participate in restoring failed banks. The WSJ reports:The Federal Deposit Insurance Corp.'s board of directors on Thursday voted to seek...
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Zero Hedge: NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary
Zero Hedge: NYSE Halts Transparency, Feels Goldman Program Trading Disclosure Is Unnecessary The NYSE has taken action to make sure that nobody will henceforth be able to keep track of the complete dominance that Goldman Sachs exerts over the New York Stock...
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Cap and Trade, Part 1: Compensating tariffs or trade war?
The House leadership plans to amend Waxman-Markey to impose trade sanctions on countries that do not reduce greenhouse gas emissions. International adherence to effective restrictions is essential for the bill to have any effect on global emissions. However,...
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Waxman-Markey - Stavins summarises
I appear to have missed some serious climate change action over the pond.Stavins provides a good overview of what actually happened. It is a good start.National Climate Change Policy: A Quick Look Back at Waxman-Markey and the Road Ahead[Belfer Centre]Like...
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Nitpicking Brad Delong on Fannie/Freddie
He writes (in response to Greg Mankiw):The problem is that in the past year and a half the Federal government has stood behind the debts of not just Fannie and Freddie, but AIG, Bear Stearns, Merrill Lynch, Bank of America, Morgan Stanley, and Goldman Sachs--none...
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techfile 02.7.09
The Palm Pre is heading for the UK, with O2 close to announcing an exclusive deal to sell the well-received smartphone, according to the Guardian. Meanwhile, an analyst said he believed Palm was on track to deliver 1m of the handsets to Sprint in its first...
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Drill Bits: Rig Count Picks Up Again. Why?
Sure, oil prices arent anywhere close to last years record, but one theme from last summer survives: Drill, baby, drill. (It’s about six minutes in.)Drilled, baby, drilled.Baker Hughes is out with its weekly rig count, and for the third time in a row,...
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Links 7/2/09
Chimpanzees learn from video demo BBCAnt mega-colony takes over world BBCNuns in the U.S. Are Facing Scrutiny by the Vatican New York TimesFew survive cardiac arrest, even with hospital CPR PhysOrg. Yes, but you are supposed to keep doing CPR until someone...
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Optimistically, Toll Brings McMansions to Texas
Tollbrothers.comLike many master-planned communities, the Woodlands north of downtown Houston has it all: shopping, golf courses designed by the greats, miles of scenic hiking and bike paths and homes in every price point. Now Toll Brothers is set to add its...
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Tax Shelter Indictments
"Dennis Field, who was chairman and chief executive of BDO Seidman from 1999 through late 2003, and before that led the firm's national tax practice, was charged with 22 counts in Federal District Court in Manahattan. Prosecutors are investigating the web of...
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New Vanguard Economic Momentum Index: Economic Recovery is Near, Recession May Be Over
The general improvement in global financial conditions since March has fostered a marked improvement in investor sentiment and led many to inquire when (rather than if) the current U.S. recession will end. Increasingly, market commentary has focused on evidence...
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In Twilight Zone of Uncertainty, Markets Await Earnings
To sustain the price run-up stocks have seen since ricocheting off their March 9 lows, equities will eventually need to deliver earnings, writes The Journal’s Mark Gongloff in today’s Ahead of the Tape: Since March 9, the S&P’s price-to-earnings...
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