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Study Finds That Politically Connected Firms Outperformed Rivals During Financial Crisis
Wednesday, February 14, 2018 - 12:40pm | 344A joint study between the University of Cambridge and Stanford University came to a conclusion that could negatively impact Main Street's trust in Wall Street. What You Need To Know Economists at the two universities found "strong evidence" that a relationship exists between...
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8 Years Ago Today, The Dow Had Its Worst Day Ever
Thursday, September 29, 2016 - 10:03am | 479#TBT: Eight years ago today the Dow suffered its largest one-day decline in history. Investors were obviously on edge back in September 2008, as the signs of a financial crisis are well known. Monday, September 29, 2008, actually started off on a somewhat positive note, as Citigroup said it...
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Chatting With Chris Marinac Of FIG Partners: 2016's Top 5 Themes
Monday, January 4, 2016 - 1:16pm | 4867Tim Melvin: We're on today with Chris Marinac of FIG Partners, a firm that specializes in the research and trading of community bank stocks. Chris recently put out a piece titled "Issues for Banking in 2016," so we want to go over that. Chris, thanks a lot for spending time with...
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Barron's Recap: The World's Most Respected Companies
Monday, June 25, 2012 - 9:56am | 1065This past weekend, Barron's online covered topics including the annual ranking of the world's most respected companies, the Treasury's auctioning of the remaining TARP shares, small cap company RealD and mid cap firm Corrections Corporation of America. Cover Story "The World's Most Respected...
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A Euro TARP Can't Work ... Yet
Friday, June 8, 2012 - 11:52am | 406Rumors are circulating that the Treasury department is pushing for a TARP-style bailout of the European banking sector. Charlie Gasparino of Fox Business News is responsible for this latest rumor, but there are lots of problems to a European TARP or bank recapitalization. Here is why... First of...
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Bank of America: the Gift that Keeps on Giving
Monday, June 4, 2012 - 1:47pm | 176Can Bank of America (NYSE: BAC) ever catch a break? Apparently not, because now a class-action lawsuit has been filed citing that the firm did not disclose material information relating to the magnitude of the losses at Merrill Lynch, just days before Bank of America shareholders were set to vote...
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Is the American Housing Market Still Underwater?
Wednesday, November 9, 2011 - 4:08pm | 661US retail mortgages may be one of the scariest assets at this point in time. Apart from Italian or Greek bonds, owning securities back by retail mortgages is harrowing for investors across the globe. Although the brunt of the damage occurred a few years ago, the stigma and uncertainty related to...
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Eight Regional Bank Stocks on a Roll
Wednesday, August 3, 2011 - 5:53pm | 888Here's a quick look at eight dividend-paying regional bank stocks that are up year to date and trading near their 52-week highs. 1st Source (NASDAQ: SRCE): This Indiana-company reported strong second-quarter results back in July, which it attributed in part to attracting new customers. Its...
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A Brief History of the 08 Financial Crisis [INFOGRAPHIC]
Friday, July 1, 2011 - 10:59am | 495At this point, presumably every worker in the developed world is at least somewhat familiar with the realities of the recent financial crisis. With economic growth sluggish, and unemployment remaining persistently high, the economic effects of the bursting of the housing bubble have yet to subside...
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Is Now the Time to Bet on AIG?
Thursday, May 26, 2011 - 2:04pm | 380Has AIG (NYSE: AIG) gone from “too big to fail” to “too cheap to overlook”? Maybe. Conventional wisdom says that the smart money is found in leading the herd from pasture to pasture. However, it is unlikely you, a lone investor, have the financial means to move the entire market overnight, the way...
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Chrysler Loans Netted Taxpayers a Profit
Thursday, May 26, 2011 - 1:18pm | 700It's not often that a company can turn a negative into a positive, but that is exactly what Chrysler did this week. Wednesday, the world-class carmaker announced it had paid back the U.S. and Canadian governments the balance of their loans a full six years ahead of schedule. The loans, which had...
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Neil Barofsky Stepping Down
Monday, February 14, 2011 - 11:43am | 64According to a tweet from Special Inspector General of the Trouble Asset Relief Program, Neil M. Barofsky is resigning from his position. Barofsky was confirmed by the Senate on December 8, 2008, and was sworn into office on December 15, 2008. As SigTARP, Barofsky oversaw the investments made...
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White House Sharply Cuts Cost Of TARP
Friday, October 1, 2010 - 10:50am | 190The White House sharply cut the cost of TARP, saying the controversial bailout of banks will now only cost $50 billion, as AIG (NYSE: AIG) and Citigroup (NYSE: C) are in the process of completely severing ties with the government and returning back entirely to the private markets. Treasury...
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Obama Continues To Lose Economic Advisers
Wednesday, September 22, 2010 - 11:58am | 238Obama has lost yet another economic advisor. Herbert Allison, who was a key figure in the government bailout of Wall Street, says he is stepping down as the Treasury Department's assistant secretary for financial stability. A recent Wall Street Journal report discusses how the President continues...
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Commercial Real Estate Week in Review
Saturday, June 19, 2010 - 6:00am | 487Commercial Real Estate Week in Review-June 13-19 -Interested in a long term investment? It may be the time to get into REITs. -Sunway REIT on track for $522MM IPO. -Kimco Realty (NYSE: KIM) and Big Shopping Centers (NYSE: BIG) enter into a joint venture to purchase $422MM retail...