News
Spiegel.de: How Shadow Banks Rule the World
[Spiegel Online] - When it became clear that security is an illusion, the one thing happened that regulators in the financial world fear most: Investors went into a panic and emptied their accounts. The government was forced to issue a guarantee for the money market funds.
Politicians plan to break the power of banks
www.dw.de
[Deutsche Welle] - Politicians plan to break the power of banks. The dilemma surrounding US investment Bank Lehman Brothers has at least shown one thing: the insolvency of such a financial giant has the potential to rock the global economy, prompting policy makers to act.
Google News: For or Against The Glazer Family?
[ManUnitedOnly] - One thing that does leave a nasty taste in the mouth is that Malcolm Glazer “borrowed” 16 million dollars from the club. He was pressed by the SEC (pre Cayman) to reveal how he repaid the loan. It transpires that he simply paid himself a dividend from
Eurogroup puts Greece on hold
www.dw.de
[Deutsche Welle] - One thing is certain: The Greek debt is rising. By Commission calculations, it is expected to rise by to a totally unsustainable 190 percent of gross domestic product. Originally, the creditors had formulated the goal of reducing Greece's national
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