21 Aug
Posted by Julia Redstone as Finance
The schools were compelled to lay off teachers last spring but the state was not sitting idle. They went immediately to Washington asking for funds to save the ravaged budgets of education. The federal government has stepped forward with $10 billion but some of the largest school districts are hesitating to use the funds to [...]
20 Aug
Posted by Julia Redstone as Finance
Talks with policy makers who direct the economy in America and Germany gave indications about where America and Europe stands. It seems things are improving except in places where they are not. The bailouts are successful except where these are failing. Things will improve slowly if they do not steadily get worse. We should soon [...]
19 Aug
Posted by Julia Redstone as Finance
The idea that one does not need to grow a big bank balance to be happy in a big way is catching on – ever since the bitter experience of the booming crisis when everything swelled big and ballooned only to be punctured.
Tammy and her husband Logan Smith had initially everything – an apartment with [...]
18 Aug
Posted by Julia Redstone as Finance
The Obama government seems to be suffering from self-pity. The press secretary of the President Robert Gibbs is worried that Obama is not being lauded as much as before from the liberals.
It is not surprising as the country is in a mess. The economy is in shambles with millions of citizens facing destitution. More and [...]
For the investment banks the past few years have been miserable. There were meltdown catastrophes followed by shotgun marriages. The matter did not end there – there was the pay czar of the feds, investigations by the Congress, legislation targeting financial reforms, lawsuits filed by SEC etc. Even the proudest firms have had reason to [...]
Money is time and time is money – nobody knows it better than Wall Street. That is why it is pressing the court to allow it to control what is known as “hot news”. Wall Street has the unique ability for trading on news as fast as it can. Depending on the speed – it [...]
The modern editions of friendly senior doctors and businessmen in Stockbridge – a favourite subject of Normal Rockwell’s paintings are discovering to their dismay that all plans about retiring by selling off has to kept on hold; maybe abandoned altogether.
David Keator of Keator Group explained that the main issue was not a drop in the [...]
Looking at what is harassing the American economy one realizes that it is finance more than guns that have the power to make or break empires. Finance has had a bumpy history with bubble busts. It is as fickle as human nature and this truth has been captured in the twists and turns of the [...]
The regulators have refused a plan of TierOne bank of Nebraska that was submitted, to improve its accounts books. It has been ordered by the federal regulators to find buyer or investor and alternatively to merge with partnership with another entity by the close of April.
The bank has been under strict federal scrutiny by the [...]
08 Apr
Posted by Julia Redstone as Finance, Foreclosure
SEC is determined to avoid a repeat of the last financial crisis and as such it is suggesting that institutional investors be awarded new devices so that they will be able to make a detailed study of asset-backed securities prior to purchasing these.
David Lynn of Morrison & Foerster of Washington was the chief counsel in [...]
