investment company (1923 - 2008)
The BBC reports on David Malpass‘ new high-profile post. Donald Trump’s pick for World Bank president, David Malpass, has officially been approved for the role. Mr Malpass, a Trump loyalist,…
The latest Bloomberg Businessweek exposes a key problem plaguing the Federal Reserve today, whoever ends up serving as the next Fed chair. The summer-long sniping over the selection of a…
Allan Sloan tells us in the new Fortune magazine that June 12 will mark the two-year anniversary of the financial meltdown, dating the ?nightmare? to the news of problems associated…
The N.C. General Fund Lottery (err, I mean, “Education Lottery”) is now targeting the Latino community, according to this story in the N&O about a survey on how many North…
Whew. How big a bullet did Wachovia dodge? When news was breaking last night that Citibank was the next in line for an Uncle Sam bailout special, it was not…
He voted for it, but the state’s soon-to-be-senior U.S. senator now says he doesn’t like the way the Bush administration’s financial bailout is progressing. Another conservative voice had even worse…
CNBC is going hot and heavy for the notion the JP Morgan really wants to become one with Wachovia. Or maybe Suntrust. I think it is more complicated than that.…
Writing about the recent bailout of Bear, Stearns, Thomas Sowell notes in his column today that almost exactly a century ago during the panic of 1907, J.P. Morgan’s firm was…
Why did the financial crisis come when it did? Maybe it has to do with increased press attention. Max points us to Paul Chesser’s post at the American Spectator blog.…
Michael Lewis takes a lesson from the subprime blowup: So right after the Bear Stearns funds blew up, I had a thought: This is what happens when you lend money…