u.s. financial crisis

Financial Regulation To Solve Major Problems

Armen Hareyan — Wed, 17 Jun 2009 11:29:12 -0500

US President Barack Obama told financial regulators on Wednesday they had helped the administration design solutions to a serious problem facing the US economy.

Obama Economic Adviser Larry Summers Heckled

Armen Hareyan — Fri, 10 Apr 2009 09:50:56 -0500

Hecklers disrupt Lawrence Summers, director of President Barack Obama's National Economic Council, as he speaks to the Economic Club of Washington. (April 9)

Barney Frank "How much responsibility do you have for the financial crisis?"

jredz — Wed, 08 Apr 2009 11:35:12 -0500

Rep. Barney Frank (D-Mass) and a conservative Harvard law student debated over how Frank should have handled his role as the House Chairman of the Financial Services Committee. Frank was at Harvard University for a speech at the Kennedy School of Government.

Treasury Launches FinancialStability.gov

Armen Hareyan — Tue, 31 Mar 2009 14:26:37 -0500

The Treasury Department has just launched FinancialStability.gov, a website dedicated to bringing transparency and clarity to the immensely complex problems in the financial system and the President’s plans to address them.

AIG Funds Delay Wreaks Havoc On Developers

Armen Hareyan — Mon, 30 Mar 2009 11:08:19 -0500

AIG has cut or delayed

Year In Scandals: Forgotten Stories From the Market Meltdown

Armen Hareyan — Wed, 31 Dec 2008 09:55:00 -0600

How did billion become the new million? Well, that's the trillion-dollar question. And as the year comes to a close, everyone is looking backwards to figure it out. But in the deluge of financial news this year, many stories are bound to get overlooked. So here are three of this year's forgotten scandals from the subprime mortgage crisis and the subsequent market collapse:

The Financial Crisis Will Breakup USA, Says Russian Professor

Armen Hareyan — Tue, 25 Nov 2008 08:17:06 -0600

A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Riots already in Iceland due to financial crisis.

U.S. May Land Half Of The National Production To Rescue Financial System

Armen Hareyan — Mon, 24 Nov 2008 10:11:03 -0600

How far will the Fed go? It looks like the Fed is going to take whatever it takes to rescue the U.S. Financial System. Today's report shows that the Fed is prepared to lend $7.4 trillion on behalf of U.S. taxpayers to rescue the troubled financial system that started last year.

Citigroup Loses 27% Of Market Value

Armen Hareyan — Fri, 21 Nov 2008 13:48:58 -0600

The shares of Citigroup dropped after the stock market opening this morning and the stock (C) lost $9bn on Wall Street plunge.

Goldman Sachs Execs Turn Down Bonuses

Armen Hareyan — Mon, 17 Nov 2008 10:58:44 -0600

Apparently, some banking execs do have a sense of shame. Goldman Sachs CEO Lloyd Blankfein and six other top executives have renounced their 2008 bonuses, saying they do not deserve them due to the company’s poor performance.

Citigroup Layoffs: 50,000 Job Cuts

Armen Hareyan — Mon, 17 Nov 2008 09:36:17 -0600

A very disturbing unemployment news is coming from the 4th largest U.S. Bank as Citigroup announces massive layoffs. The news is that Citigroup will have to carry 50,000 job cuts. This is another sign that perhaps we are still at a considerable distance from the economic and financial recovery.