Timothy Geithner’s new book about the financial crisis, “Stress Test,” is basically an argument that the Wall Street bailout succeeded.
Air pollution has reached extreme levels in the French capital, prompting the government to take desperate measures; an American pastor is partly to blame for the passing of Uganda's anti-gay law; meanwhile, the Occupy Wall Street organizers have launched a political party. These discoveries and more after the jump.
A look at the day's political happenings, including what a new analysis says about your tax rates today, the Kennedy Center Honors for 2012 will be awarded and Nate Silver responds to Politico's criticism. A look at the day's political happenings, including a new tax rate analysis, the Kennedy Center Honors and Nate Silver responds to Politico's criticism.
If “pragmatic deal maker,” as The Wall Street Journal describes Geithner, means someone who believes any deal with Republicans is better than no deal, and deficit reduction is more important than job creation, we could be in for a difficult December.
The Federal Reserve and the U.S. government knew back in 2008 that Barclays was filing false reports about Libor, the interest rate that international banks charge one another for short-term loans, according to documents released Friday.
No visible progress was made during deficit talks Sunday in which President Barack Obama failed to persuade House Republicans to support $4 trillion in cuts over the next 10 years. (more)
How do you foreclose on a home when you can’t figure out who owns it because the original mortgage is part of a derivatives package that has been sliced and diced so many ways that its legal ownership is often unrecognizable?The Titanic that is the U.S. housing market has just sprung its biggest leak.