Goldman Sachs Vice-Chair: People Must “Tolerate the Inequality”

Hat tip to Firedoglake, for picking this up from MSNBC and The London Guardian : In remarks that will fuel the row around excessive pay, Lord Griffiths, vice-chairman of Goldman Sachs International and a former adviser to Margaret Thatcher, said banks should not be ashamed of rewarding their staff. Speaking to an audience at St Paul’s Cathedral in London about morality in the marketplace last night, Griffiths said the British public should “tolerate the inequality as a way to

Introducing the Forex Currency Trade

What is the trading of foreign currencies online or offline? It is whats called Forex currency trading. This market is open 24 hours a day unlike the stock market. Not so far in the past forex currency trading was not allowed by individuals. Only large banks were equipped and had access to necessary systems [...] No Tags

Posts about Barney Frank as of October 15, 2009

Treasury Backs Frank’s Derivatives Overhaul After Revisions – Bloomberg - theleftrightdebate.com 10/15/2009 Cay Compass Treasury Backs Frank’s Derivatives Overhaul After Revisions Bloomberg The committee, headed by Representative Barney Frank, a Massachusetts Democrat , is set to complete action today on the legislation, which would require many … Amid opposition from banks and businesses, US House panel begins push on … The Canadian Press all 478 news

U.S. Banks – Zacks Analyst Interviews

After enduring extraordinary shocks in 2008, U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation spread to almost the entire financial services industry and all corners of the globe. In other words, the financial crisis ultimately morphed into a massive economic crisis, which has had major ramifications across the whole world. Although the banking industry is dealing with liquidity and confi

U.S. Banks – Industry Outlook

After enduring extraordinary shocks in 2008, U.S. banks entered an exceptional state of turmoil in 2009. Starting as a credit issue in the subprime segment of the mortgage market, the sticky situation spread to almost the entire financial services industry and all corners of the globe. In other words, the financial crisis ultimately morphed into a massive economic crisis, which has had major ramifications across the whole world. Although the banking industry is dealing with liquidity and confi

Banks Clamp Down on Small Business Loans, Jeopardizing Jobs

Small businesses have fair weather friends. Policymakers love to extol entrepreneurship. And in the last business cycle, even in the upswing, large corporations shed jobs while mid-sized and particularly small businesses added them. But when things get ugly, the best connected players get the breaks, and the little guy is left out in the cold. The latest evidence is an amusingly schizophrenic set of headlines in the New York Times. A story by Eric Dash tells us, “ Pace Slows on Losses for Ba

Forex Trading With Forex Phantom

by Stan Skyler Many people use the internet to make money with online businesses. If you know how, the internet can deliver cash right to your doorstep. What kind of online business can ensure you will earn some cash? One way is by becoming a Forex trader. You have to consider Forex trading to be one of the new ways to generate income from the internet although it has existed for a few years now. In the past, the Forex market was closed only to multinational corporations and banks. They were

Turn Your Losses Into Unimaginable Profits With The Forex Phantom

by Stan SkylerThere are many online businesses making money on the internet. The internet can deliver cash right to your doorstep if you know how. What kind of online business can ensure you will earn some cash? One way is by becoming a Forex trader.Although Forex trading has been around for a few years now, it has to be considered one of the new ways to generate income from the internet. In the past, the Forex market was closed only to multinational corporations and banks. They were the only on

BERNANKE’S REMEDY: PUMP MORE BLOOD INTO A CORPSE, BY MIKE WHITNEY

That was then. Credit is everything. Without credit expansion there's no recovery because there's no pick-up in overall demand. But credit growth is going backwards. The banks have tightened lending standards and the pool of credit-worthy applicants has vanished. Bank lending is off 14 per cent since October 2008. Private credit is presently decreasing at a 10.5 per cent annual rate. The situation is getting worse, not better. From the UK Telegraph: Both bank credit and the M3 money supp

Dandelion Salad’s Tweets

Dandelion SaladBy Mike WhitneyInformation Clearing House October 05, 2009Credit is everything. Without credit expansion there’s no recovery because there’s no pick-up in overall demand. But credit growth is going backwards. The banks have tightened lending standards and the pool of credit-worthy applicants has vanished. Bank lending is off 14 per cent since October 2008. Private credit is presently decreasing at a 10.5 per cent annual rate. The situation is getting worse, not better.From the UK

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