This week, the Congressional Oversight Panel recommended that the nation’s big banks be stress tested again, because if problems with mortgage-backed securities are widespread, the consequences could be dire. Now, the Fed has a…
Among Thursday’s top stories for investors, read why managing money is hard, Mexico isn’t rich, and we shouldn’t fear QE2.
Continue reading Daily Blogwatch: In Defense of Quantitative Easing
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Asian markets rebounded Thursday. In Japan the Nikkei 225 Index jumped 2.1% to pass the 10,000 mark for the first time since June. In Hong Kong the Hang Seng Index rose 1.8% and China’s Shanghai Composite gained 0.9%.
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The Congressional Oversight Panel created in the wake of TARP to oversee and monitor the Treasury Department has issued a devastatingly clear report about the mortgage mess and its legal implications, which are ugly.
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Under the threat of an FDA ban, the makers of alcoholic energy drink Four Loko are changing its recipe to remove caffeine, guarana and taurine. But the only problem a ban of Four Loko would solve is to save young people from th…