Posts Tagged ‘banks’
Senate supports Bernanke for second term
The US Senate has just approved Bernanke for a second term as US Central Bank Captain. With votes of 70 – 30, Republican Ben Bernanke takes on another four-year term as chairman of the Federal Reserve. The battle and debate over Bernanke has been lively and while he is credited with navigating USA through the [...]
Is the Obama Bank Tax the Start of a Makeover?
Dow Jones ended the week sharply down together with the global markets reacting to The Obama Bank Tax. Was that Obama´s fault? Here is what Dow Live Report thinks. See it this way: the Banks have been blamed for the financial turmoil of last year. Right or wrong, when you identify a culprit society demands [...]
Bank executives are paying back TARP funds
The favorable terms of the TARP program have been an angry blip on almost everyone’s radar. The main fallacy was perhaps the fact that the TARP project was (and is) direct intervention on the capital markets. The result has been unsatisfactory and with basically no interest, banks have been able to build profit and jump [...]
