NewsCloud.com Financial News

Bailout Expands to Insurers

The Treasury Department is dramatically expanding the scope of its bailout of the financial system with a plan to take ownership stakes in the nation's insurance companies, signaling new concerns about a sector of the economy whose troubles until now have been overshadowed by the banking industry, government and industry sources said.

Jeff Faux: Let's Buy a Bank

Secretary of the Treasury Paulson puts the Arsonists in charge of the fire department.

Credit Crunch: A Roll of the Dice? - OhmyNews International"

The availability of fast and easy credit via credit cards, loans, and mortgages has enabled American consumers to buy cars, homes, television sets and vacations basically with a bet that future income from work will allow them to cover debt, or at least allow them to keep up with monthly payments.

Still, many wonder why taxpayers should bail out an industry they view as profiteers of misfortune or bad financial decisions of average citizens...especially during the era of the pejorative term, predatory lender.

full text

Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter

American taxpayers get the shaft, and the bill, once again

High finance, complexity and disaster

Here is the paradox of markets: they are bigger, more liquid and more lucrative than ever but mistakes by a handful of companies send shock waves around the world. All created by complex financial innovation and new fangled forms of money like derivatives.

Qatar Gives Credit Suisse A Lift

LONDON - Credit Suisse shares got a lift on Monday following reports that the Qatar Investment Authority, a Middle Eastern sovereign wealth fund, had begun its $15 billion spending spree in Europe and the U.S. with a stake in the Swiss bank.

Six strategies for risky innovations

The rule of thumb with risky investment is that it cuts both ways. The present new opportunities for big gains but there is also the danger of being wiped out. It applies to all sorts of financial innovations, from derivatives to sub-prime mortgages. Here are six strategies for dealing with it.

Financial statement fraud gangs

How many perpetrators does it take to carry out a corporate fraud? An average of seven, according to a new study from the Institute for Fraud Prevention. The includes CEOs, CFOs, auditors, directors and general counsel.

How to fix up accounting and financial reports

Securities and Exchange Commission chairman Christopher Cox has announced a task force to make financial reporting easier for investors to understand. But questions are being raised whether this will erode investor protections.

London to overtake New York and rival Silicon Valley

Here's a warning to America. Within the next eight years, London will overtake New York as the world's financial hub, and it will rival Silicon Valley as a technology centre.

Sarbanes-Oxley: no deterrent to IPOs

Politicians and Wall Street are howling that the US is losing its financial edge because of Sarbanes-Oxley. But new figures from Thompson Financial show the IPO market in the US is booming.

Bigger risks ahead, says regulator

The global economy is travelling fine but Britain's regulator, the Financial Services Authority, is warning businesses that the impact of a shock to the financial system is much greater now than two or three years ago.

Where are the next scandals coming from?

Where are the next financial scandals going to come from. Check out the hedge funds. And the mortgage industry, the insurance and healthcare sector and defence contractors and profiteers who have struck a bonanza in Iraq