October 18, 2010 · 5 comments
in CEO pay, Federal Reserve, Timothy Geithner, US Treasury, US economy, bailout, banks, brokers, bubble, central banks, collapse, ethics, executive compensation, films, financial education, government, leadership, money lessons, regulation, reviews, risk, wealth transfer
Review of The Inside Job by Charles Ferguson (2010).
Despite the fact that it’s a trite truism that Wall Street is fueled by greed and “greed makes the world – or at least the markets – go round,” it’s merely the tip of the iceberg of moral depravity and social corruption that has been exposed on [...]
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August 17, 2010 · 3 comments
in 2010, Canadian, S&P/TSX, banks, capitalism, credit, debt, dividends, earnings, economy, forecasts, income, international economy, international stock market, market reports, market trends, news and updates, regulation, terminology
Canadian banks have the best balance sheets among all world banks, but the top 5 Canadian banks can’t increase their dividends until they learn from Basel III what the new regulations are going to be concerning capital requirements for banks.
Not long after Basel III’s new capital and liquidity rules are announced, banks will likely be [...]
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May 30, 2010
in ADRs, FTSE, NYSE, SRI, UK, collapse, dividends, earnings, economy, energy, environment, foreign investment, investing, market trends, news and updates, oil, pound, regulation, resources, risk, stock picks
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The Deepwater Horizon oil catastrophe may soon start to effects of the oil leak spilling over onto the world economy. Before this happens, though, BP share prices are going to continue to decline and the valuations of most Brits’ pension funds are going to drop, since BP comprises a majority holding in most UK indexes.
BP [...]
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April 28, 2010 · 3 comments
in Greece, bailout, banks, capitalism, central banks, credit, currencies, debt, economy, ethics, europe, foreign investment, government, interest rates, international economy, legislation, market reports, news and updates, politics, recession, regulation, risk, sovereign debt, taxes, world order, world reserve currency
If you’re in the U.S., you may be justified in blaming your banking industry (you definitely are), but just make sure that you know you’re talking specifically about U.S. banks. Not all banks around the world screwed everyone over.
Let me remind you that banking cultures are very different around the world. They don’t all set [...]
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Starting August 20, 2009, the U.S. credit card industry sees the most credit lending reform in two decades that is meant to give more power and protection to the U.S. consumer. The changes appear as part of a new law for credit card reform signed back in May 2009 by President Obama as part of [...]
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