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Cuban Vs Ackman, Dalio's Advice To China, Krugman's Warning, And More: This Week In Economics
Sunday, October 20, 2024 - 6:00am | 580Read More...This week was a whirlwind of financial news, with billionaires clashing over political policies, renowned investors offering advice to world leaders, and economists warning against potential economic pitfalls. Let’s dive into the top stories that made headlines. Mark Cuban And Bill Ackman...
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Former FDIC Chief Warns Federal Reserve To 'Not Stir The Pot' With Further Rate Cuts: 'Some Have Called It A Goldilocks Economy, But…'
Thursday, October 17, 2024 - 6:38am | 526Read More...Amid a thriving economy, former United States Federal Deposit Insurance Corporation (FDIC) Chief Sheila Bair has raised alarms over the Federal Reserve’s potential rate cuts. What Happened: Despite the economy showing positive signs such as increasing wages, a strong stock market, and robust...
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Jerome Powell's Dovish Approach Creating 'Irrational Exuberance' Among Investors, Says Ex-FDIC Chair: 'This Is A Mistake'
Monday, December 18, 2023 - 3:48am | 637Read More...The financial markets’ optimistic reaction to the Federal Reserve’s potential interest rate cuts in 2024 is dangerously overblown, cautioned former FDIC Chair Sheila Bair. What Happened: Bair, during her interview with CNBC, expressed apprehensions about Federal Reserve Chair Jerome...
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How Have Bank Failures Impacted The Outlook For Interest Rates?
Monday, March 13, 2023 - 1:27pm | 662Read More...In February, the U.S. Federal Reserve raised its target Fed funds rate by 0.25% to a new target range of between 4.5% and 4.75% as it attempts to get inflation under control. Expectations for the Fed's March meeting decision have swung wildly in the past week amid concerns the failures of U.S....
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Bank Of America Cratering (BAC)
Monday, October 25, 2010 - 12:32pm | 67Read More...Bank of America (NYSE: BAC) continues to weigh on the markets, as now Sheila Bair has said that the litigation could be "very damaging" to the servicers. She also said that foreclosure problems will require a "global solution." Bank of America is getting absolutely hammered today, losing nearly 3...
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Failed Banks Picking Up Investors (PCBC, SNV, STSA)
Thursday, May 20, 2010 - 3:38pm | 246Read More...Since the financial crisis began a few years ago, the Federal Deposit Insurance Corporation has been forced to deal with almost 240 bank failures. But it looks like it may finally be getting some help. Private investors have begun to take over banks from the FDIC, easing the strain on the...
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FDIC Chief Fights To Save Its Might
Friday, December 18, 2009 - 2:08pm | 146Read More...The FDIC was set up in 1993 to rescue the banking system, and its deposit guarantees saved the industry in the present crisis. The Senate Banking Committee under Senator Christopher Dodd has proposed to revoke all the supervisory powers of FDIC. If the committee succeeds, FDIC would end up...
