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Greenspan: Financial crisis is ‘credit tsunami'

Posted by weblaunches 380 days ago, popular 379 days ago (http://www.msnbc.msn.com)
Category: Economy | Tags: credit economy finances financial
Former Federal Reserve Chairman Alan Greenspan says the current financial crisis is a “once-in-a-century credit tsunami” which will have a severe imp[...] read more »
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Warren Buffett loses 9.6 Billion in one stock

Posted by weblaunches 380 days ago, popular 380 days ago (http://blogs.wsj.com)
Category: Stocks | Tags: buffet stocks warren
He has lost more value in his stock than the CEO of any other publicly traded company. The current tally on the paper loss is $9.6 billion. read more »
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Meet Ben Bernanke, Depression scholar, unlikely superman.

Posted by weblaunches 384 days ago, popular 383 days ago (http://www.newsweek.com)
Category: Economy | Tags: ben bernanke economy money
Bernanke, instead, grew up to become Finance Man. Well, OK, a guy in tights with an F stamped on his chest is not the image that immediately comes to[...] read more »
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Suppose that Every Day Ten Men Go Out For A Beer

Posted by weblaunches 388 days ago, popular 386 days ago (http://www.docstoc.com)
Category: Economy | Tags: economy tax tax humor taxes
Suppose that every day ten men go out for a beer and the total bill for all 10 comes to $100. If they paid their bill the way we pay our taxes, it w[...] read more »
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The Socialism Of Bankers

Posted by weblaunches 389 days ago, popular 387 days ago (http://www.forbes.com)
Category: Personal Finance | Tags: bailout bankers banks fdic socialism
The world's capitals are already full of boring people, the only ones who can afford it, who work impossible hours in order to make everyone else wo[...] read more »
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Retail sales, inflation fall; factories weak

Posted by weblaunches 388 days ago, popular 387 days ago (http://www.reuters.com)
Category: Economy | Tags: business economy inflation retail
Retail sales last month dropped the most in more than three years while a measure of New York state manufacturing hit its lowest since the index star[...] read more »
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CIT Group's 3Q loss widens, restructuring unit

Posted by weblaunches 387 days ago, popular 387 days ago (http://www.boston.com)
Category: Economy | Tags: cit economy finance
Financial-services company CIT Group Inc. said Thursday third-quarter losses widened due to significant charges related to the company's vendor-fina[...] read more »
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Adbrite Lays Off 40% Of Staff, Including Two Execs

Posted by weblaunches 387 days ago, popular 387 days ago (http://www.techcrunch.com)
Category: Economy | Tags: adbrite business
It's not a happy day at San Francisco-based Adbrite this morning. The company is laying off 40 employees, which is 40% of total staff. Among those t[...] read more »
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