New York Times:
Three Harvard professors say the top five executives at Bear Stearns and at Lehman sold a great deal of their stock while prices were still high.
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New York Times:
A government report on the bailout of A.I.G. is must reading for taxpayers looking to know why the $182 billion “rescue” is the most troubling episode of the financial disaster.
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New York Times:
Timothy F. Geithner, like others on the White House economic team, is pragmatic and responds flexibly to situations, and that approach has paid off during the economic crisis.
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New York Times:
By not extracting concessions from bankers during the rescue of A.I.G., policy makers undermined their own credibility — and put the broader economy at risk.
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ReadWriteWeb:
This past weekend, public media enthusiasts, developers, and staffers from around the country met in Washington, D.C. for the first Public Media Camp. I was there on behalf of the Public Radio Exchange (PRX.org), where I prod (Read More)
Wall Street Journal:
Intel Report Lifts Stocks in EuropeGOOD MORNING. Stocks in Asia closed mixed today; U.S. futures are pointing to a higher open.The dollar is down, oil is up and stocks are on a roll. Those three trends have been the story of (Read More)
Wall Street Journal:
Hungary for HelpThe International Monetary Fund steps in today with an offer of aid to Hungary, which has been particularly hard hit as investors flee for safer currencies in the financial crisis. The country’s prime minister (Read More)
Wall Street Journal:
So much for timing.After a year of volatile decision-making in the stock market, the Nobel committee awarded its prize in economics to two American economists who studied choices in non-market institutions. Oliver Williamson (Read More)
Wall Street Journal:
The Nobel Committee said it awarded President Obama the Peace Prize in part for his ability to instill people with hope for the future. With the global economy looking particularly dismal, observers are wondering how much Mo (Read More)
Wall Street Journal:
Free MoneyThe Federal Reserve announces today it will make $37.8 billion more available to troubled insurer American International Group, which has already received $85 billion from the government. The loan comes after last w (Read More)
Wall Street Journal:
Town Hall TensionAt the second presidential debate in Tennessee, the looming financial crisis sets the stage. Sen. Barack Obama, pulling ahead in the polls, points the finger for the poor economy at President Bush and the Rep (Read More)
New York Times:
Nine money-management firms have been selected to participate in the Public-Private Investment Program, five of which have met financing requirements.
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Wall Street Journal:
Last Tango in ParisNicolas Sarkozy rallies the leaders of European countries, including England, Germany, and Italy, in Paris for an impromptu strategy session to keep afloat struggling European banks. The day after the U.S. (Read More)
Wall Street Journal:
It’s the kind of prediction that can get a Vegas bookie’s blood going: Name the date and time that the Dow will cross the 10,000 threshold. The answer, of course, is that it could come at any time. On Oct. 15, when the latest (Read More)
Wall Street Journal:
The Ayes Have ItAfter three hours of floor debate, the Senate passes the $700 bailout bill. In addition to granting the Treasury Department up to $700 billion to buy bad assets from the nation’s banks, the bill temporarily ra (Read More)
Wall Street Journal:
The Old Buffett MagicThe white knight from Omaha, Warren Buffett, announces a $5 billion investment in Goldman Sachs. At the same time, Goldman says it will sell at least $2.5 billion of common stock to the public. Buffett’s (Read More)
Wall Street Journal:
AFTER SECOND-QUARTER MUTUAL-FUND PERFORMANCE turned positive -- the first good showing since the economic crisis started -- financial planner Nancy Anderson expected a flood of inquiries about buying stocks. None came. "I was (Read More)
New York Times:
Congress’s research arm reported that the insurer’s financial condition had stabilized but added it was not yet clear whether it could ever repay its federal rescue package.
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