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Ruth Madoff's Assets Under Scrutiny

The New York Post reports in Sunday’s editions that the feds are trying to freeze nearly $93 million in assets, while investigators continue to build[...] read more »
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Oil drops 4 percent after OPEC keeps output steady

Oil slumped 4 percent to $44 a barrel on Monday as traders questioned whether OPEC's decision to enforce better compliance with previous curbs rathe[...] read more »
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Banks' future woes in one word: plastic

Major banks have been hit hard by bad mortgages. Now, fears are growing that troubled financial institutions are going to have another consumer heada[...] read more »
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China February CPI falls 1.6%, stokes deflation fear

Data released by the National Bureau of Statistics showed CPI fell 1.6% in February from the year-ago month, with easing food prices contributing to [...] read more »
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Savings Accounts for All: Simple, but Not Easy

In his speech to a joint session of Congress late last month, President Obama said that we must begin a conversation about how to strengthen Social S[...] read more »
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Budget For Presidency Up 163%

“Yesterday, the Finance Minister told us that savings made from the rationalisation of ministries from 27 to 23 will add up to GH¢4 million. Yet, the[...] read more »
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Making $34 Million at Merrill Means No Bonus Escapes Subpoenas

Andrea Orcel’s reported $33.8 million compensation for 2008, a year when his employer, Merrill Lynch & Co., had net losses of $27 billion, doesn’t co[...] read more »
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Wall Street Finance updates on scheme of arrangement

Wall Street Finance Ltd has announced that a meeting of members of the Company was held on March 06, 2009. It was a meeting convened by the Hon'ble [...] read more »
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Fed Refuses to Release Bank Lending Data, Insists on Secrecy

The Federal Reserve Board of Governors receives daily reports on loans to banks and securities firms, the institution said in response to a Freedom o[...] read more »
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20% of mortgages underwater

Twenty percent of all mortgaged U.S. residential properties were underwater at the end of December, with mortgage debt greater than what the homes we[...] read more »
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Bernanke Blasts AIG For 'Irresponsible Bets' That Led to Bailouts

Federal Reserve Chairman Ben S. Bernanke delivered an unusually harsh rebuke to American International Group yesterday, expressing rare public exaspe[...] read more »
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Automakers report steep February U.S. sales declines

After more than a year of sliding sales, February provided a glimpse of even worse times to come as General Motors Corp., Ford Motor Co., Toyota Moto[...] read more »
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Fed Officials Weighing ‘Exit Strategy’ for End of Recession

The Federal Reserve’s efforts to bolster credit markets and revive growth pose a long-term risk of provoking inflation and worsening other problems t[...] read more »
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Grim news sends Wall Street to 12-year low

WALL Street sank to multiyear lows with sentiment dented by data showing a deep contraction in the US economy and a deal to boost the government stak[...] read more »
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RBS Posts Biggest Loss in British Corporate History

Reporting the biggest annual loss in British corporate history, the Royal Bank of Scotland on Thursday became the first bank to sign up to the Britis[...] read more »
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