Banks
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Banks and bailouts: Playing politics?Banks with strong political connections were more likely to receive bailout money from the government—and more of it—in the past year than those with weaker ties, say University of Michigan researchers. A new study by Ran Duchin and Denis Sosyura of Michigan's Ross School of Business found that ...
JDP
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15 hours ago
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Financial instruments could be spiked with unfindable risksIn a result that may have implications for financial regulation, researchers from computer science and economics have revealed potentially impenetrable problems with the pricing of financial derivatives. They show that sellers of these investments could purposefully include pieces of bad risk ...
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15 hours ago
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Newest credit card trick? 79.9 percent interest - Personal finance- msnbc.comA credit card with an interest rate of 79.9 percent is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. That's right. 79.9 percent APR. It's a strategy other subprime card issuers could start adopting to get ...
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4 days ago
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Counterfeit credit/debit card fraud: Let's stop it now | IT Security | TechRepublic.comMagTek pairs the card’s magnetic strip signature with the card user’s personal data to create a one-of-a-kind digital identifier. MagTek calls this technology MagnePrint. Since each card’s magnetic strip is unique, having someone skim your credit card is no longer a problem. A flag will be ...
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5 days ago
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Gab on global warming heats up on funds, liabilityCOPENHAGEN—Tension is mounting here at the world climate conference with a new demand from small island-countries to upgrade the target Earth temperature to 1.5ºCelsius from 2ºC to keep their nations from sinking; and the continuing constraint of the toughest issue—funding developing nations to ...
Murray Peat
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6 days ago
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Copenhagen climate summit: How banks can help to save the planet – and make a profit - TelegraphCopenhagen climate summit: How banks can help to save the planet – and make a profit With the right finance, Britain can lead the world to a greener future, says Boris Johnson. By Boris Johnson Published: 6:12AM GMT 14 Dec 2009 By the time you read these words I will be airborne to ...
Murray Peat
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6 days ago
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Exclusive: IRS hires hundreds for new wealth unit | ReutersA new Internal Revenue Service unit set up to catch rich tax cheats hiding their wealth in complex business entities is rapidly taking shape with the hiring of hundreds of employees. The IRS high wealth unit, part of a broader effort to combat international tax evasion, is focusing on "the ...
JDP
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7 days ago
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Bring Back Glass-Steagall?In 1933, amid the depths of the Great Depression, Senator Carter Glass of Virginia and Representative Henry Bascom Steagall of Alabama crafted a law to separate commercial and investment banking, the Glass-Steagall Act. In most ways, Glass and Steagall were typical Democrats: ardent ...
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7 days ago
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Editorials | Keep consumers safe by bringing back Glass-Steagall Act | Seattle Times NewspaperA year ago the U.S. Treasury was pumping billions of borrowed dollars into banks judged to be "too big to fail." This cannot be allowed to happen again. This page has already suggested one solution. It is a radical one: Make the big banks small enough to fail. Break them up. Nearly a century ...
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7 days ago
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To the Best of Our Knowledge Future Perfect - Our MoneyIt's not hard to see why economics is called "the dismal science" – after we were blind-sided by the worst financial meltdown in decades. But economics does have its visionaries - like Nobel Prize winner Paul Krugman ... and fellow Nobel laureate Muhammad Yunus, who's started a new kind of bank ...
Geoffrey Ames
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8 days ago