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Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds - Risk Management - CFO.com
Source: cfo.com

This article discusses changes in the reporting of the derivatives of companies. Check out the financial institutes and the energy based institutes. I am not familiar with derivatives or investing.

Nearly 8 years after 9/11, Rush tells NY to 'drop dead'-----Same to you Rush, Thanks !
Source: Raw Story

Conservative radio host Rush Limbaugh, who has been treated like a GOP leader since Obama's election, didn't mince words when it came to pontificating on a new New York tax plan which reportedly aims at the state's highest earners.

Is China the New America?
Source: foreignpolicy.com

In the Great Depression, as in the current economic crisis, the downturn was particularly severe because of a lack of leadership in the international order. The dominant financial power of the 19th century, Britain, was financially exhausted by the First World War.

Treasury says New York firm is a front for Iranian bank
Source: McClatchy

WASHINGTON — In the latest and perhaps most unusual attempt by the Bush administration to choke off Iran's access to the global financial system, the Treasury Department on Wednesday designated a New York real-estate partnership as a front company for Bank Melli, one of Iran's  …

World faces "total" financial meltdown: Bank of Spain chief
Source: Google

"Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world ..." - Yeats The global financial system is about to receive a shock. Every central bank is printing money like crazy providing bail out on top of bail out, the center cannot hold.

The Reckoning - Bush's Philosophy Stoked the Mortgage Bonfire
Source: The New York Times

The global financial system was teetering on the edge of collapse when President Bush and his economics team huddled in the Roosevelt Room of the White House for a briefing that, in the words of one participant, "scared the hell out of everybody."

Global Financial System - Europe's hollow four point proposals
Source: Times of India

Europe has put forward ... four principles. First, no financial institution or market segment should escape the jurisdiction of a proportionate and adequate regulation, or ... a monitoring system ... financial players such as credit rating agencies or leveraged funds ...

S.Korea seals $30 bln swap deal with Fed, markets surge
Source: Guardian Unlimited

By Seo Eun-kyung and Yoo Choonsik SEOUL, Oct 30 (Reuters) - South Korea tied up a $30 billion currency swap deal with the U.S. Federal Reserve, sending its battered financial markets up sharply on Thursday on belief that the country's liquidity crisis may at last be easing.

India Signals Its Position
Source: financialexpress.com

India called on the world body to use its universality to coordinate an international response, which is crucial to overcoming the crisis.

Global Fears of a Recession Grow
Source: The New York Times

When the White House brought out its $700 billion rescue plan two weeks ago, its sheer size was meant to soothe the global financial system, restoring trust and confidence. Three days after the plan was approved, it looks like a pebble tossed into a churning sea.

New Global Financial System - Kamal Nath Speaks Out
Source: assamtribune.com

"The emerging new financial architecture is not confined to one country," Nath said at the summit hosted by the French business chamber MEDEF along with its Indian counterparts, FICCI and CII.

Fed Pumps Further $630 Billion Into Financial System
Source: Bloomberg.com

"The Federal Reserve will pump an additional $630 billion into the global financial system, flooding banks with cash to alleviate the worst banking crisis since the Great Depression.

The Nixon Chop & Bush Whack

The Dollar-Oil Tango From the Nixon Chop to the Bush Whack final months of Dubya's Presidency, the Bush Family has been in the Presidency for 12 years of the 37 years. And in positions of lesser power for the entire period. George Bush Sr.

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