Posts Tagged ‘recovery’
Iceland repayment bill rattles home opinion
It is not only the US Banks that are paying back the relief money they have gotten to alleviate the financial crisis. Iceland was one of the more spectacular breakdowns during the global economic crisis . The total collapse of the Icelandic banks devastated the country and left Iceland with a low reputation on the [...]
BAC 45 billion Dollar check fails to calm state
Banc of America Corporation sent the state a pretty big check the other day: 45 billion Dollars. The huge sum was promtly paid as a return of TARP money received as bailout. BAC has severly bungled the matter and despite labeling the return as a morally just process: “We owe taxpayers our thanks for making [...]
Dow and global markets waking up again
The signs of real financial recovery are finally building up. They are still signs, but notheless, positive. Nikkei-225 is pointing up as does the Hang-Seng. On the American side, the US unemployment figures came in somwhat better than expected, at 9.4%. Another interesting bit is Toyota, who in the midst of US car industry havoc, [...]
