Finance

'Fictional' Unpaid Gas Bill Ruins Credit Rating of Self Employed Brit

Posted by lovemorgul

Self-employed property manager Sean Powell is the latest Brit to fall victim to the complicated administration systems favoured by large corporations.

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Analysts-Say-More-Banks-Will-Fail: Personal Finance News from Yahoo! Finance

Posted by Damianmann from Finance.yahoo

As home prices continue to decline and loan defaults mount, federal regulators are bracing for dozens of American banks to fail over the next year.

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Your Money - How Fallout Could Affect Main Street

Posted by Damianmann from New York Times

The stock market swoon over Fannie Mae and Freddie Mac this week has left many consumers scratching their heads, wondering if buying a home is a worse idea than it was seven days ago or whether to take down the "for sale" sign in the yard.

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On opting out of Public Financing: Pennies for Votes | The Agonist

Posted by Villagenyc from Agonist

excerpt: (Opinion)

Until we as a nation begin to aggressively address the growing influence that money has had in politics, we will continue to witness the political pollution that money buys on an increasingly grand scale.

http://agonist.org/cody_lyon/20080621/on_opting_out_of_public_financing_pennies_for_votes

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The SOX debate and global capital

Posted by SoxFirst

Despite warnings that that US financial markets face a dire future if Sarbanes-Oxley isn’t fixed, SarbOx remains popular with investors. They say it’s produced more reliable financial statements and fuller disclosure. And the evidence suggests that winding SOX back won’t help US financial markets.

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Google profits beat expectations

Posted by Jeff from MSNBC

Investors seemed awe-struck too. Google’s stock price climbed by more than 7 percent in after-hours trading, signaling the company’s market value may rise by another $10 billion Friday. That’s enough wealth to finance another six deals similar to Google’s recently announced plans to buy the Web’s hottest video service, YouTube Inc.

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