Word: bankses
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So has the dollar finally used up the last of its nine lives? There are worrying signs that the world is losing its appetite for dollars. The International Monetary Fund announced on Nov. 2 it was selling 200 metric tons of gold to India's central bank for $6.7 billion...
The vote prompted an outpouring of cash and other resources from far beyond the borders of the Pine Tree State. From New Jersey, the National Organization for Marriage sent a $1.8 million check to help defeat gay marriage. Gay couples in California and others still heartbroken over the Prop 8...
But a lot of those homes won't wind up being repossessed, right? In a normal market, probably a majority of homeowners that wind up being delinquent or even in the early stages of default find a way to cure their loan. Right now the numbers aren't quite as...
Read "How One City May Punish Banks for Foreclosures."
Does Beijing care? In its response to the financial crisis - the depth of which absolutely stunned Chinese policymakers - China desperately pushed every familiar button to keep its economy from succumbing the way the developed world's did. It has thrown buckets of practically free money at state-owned banks, which...