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White House unveils financial system overhaul

IceCreamYou's picture
Submitted by IceCreamYou on Thu, 03/26/2009 - 3:49pm
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<a href="http://news.yahoo.com/s/ap/20090326/ap_on_bi_ge/financial_regulation">Yahoo!</a> wrote:
The Obama administration on Thursday unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds...

The plan also includes a measure that Geithner and Fed Chairman Ben Bernanke discussed before the committee on Tuesday to give the administration expanded powers to take over major nonbank financial institutions, such as insurance companies and hedge funds that were teetering on the brink of collapse.

Fed to buy long-term U.S. government debt

IceCreamYou's picture
Submitted by IceCreamYou on Wed, 03/18/2009 - 7:20pm
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<a href="http://news.yahoo.com/s/nm/20090318/bs_nm/us_usa_fed_5">Yahoo!</a> wrote:
The Federal Reserve on Wednesday said it would pump an additional $1 trillion into the U.S. economy to try to pull it out of a deep recession, partly by buying longer-term government debt for the first time in more than 40 years.

Higher Education May Soon Be Unaffordable, says the New York Times

greenhattedamigo's picture
Submitted by greenhattedamigo on Wed, 12/03/2008 - 7:59pm
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http://www.nytimes.com/2008/12/03/education/03college.html?em

Since many members here will soon be applying to college, I thought this would be an interesting article.

Why Now is Time to Start a Startup

IceCreamYou's picture
Submitted by IceCreamYou on Thu, 10/16/2008 - 6:57pm
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[quote=Paul Graham]

But of course what makes investing so counterintuitive is that in equity markets, good times are defined as everyone thinking it's time to buy. You have to be a contrarian to be correct, and by definition only a minority of investors can be.

Money, Congress, and Wall Street

Cheeto's picture
Submitted by Cheeto on Mon, 09/29/2008 - 10:36pm
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Today, Paulson's bailout plan was shot down in the House.  The stock market immediately plummeted, losing over $1.2 trillion - including the largest ever drop in the Dow.

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