Posts Tagged ‘economic’
Gerald Celente : The Global Financial system is Collapsing
Fox News with the Judge Andrew Napolitano.
For more see http://www.refuseresist.net/category/econmic-crisis/
Duration : 0:8:59
Max Keiser on Gaza and the Financial Holocaust pt 2/2
Max Keiser on Gaza and the Financial Holocaust pt 2/2
Duration : 0:5:46
The Buy & Hold InvestmentsDavos Annual Meeting 2010 – Redesigning Financial Regulation
http://www.weforum.org 30.01.2010
An Internet search of “global financial regulation” results in over 17 million possible entries to explore.
How should the largest financial institutions in the world be regulated domestically and internationally?
Agustin Carstens, Governor of the Central Bank of Mexico
Pravin Gordhan, Minister of Finance of South Africa
Muhammad S. Al Jasser, Governor of the Saudi Arabian Monetary Agency
Davide Serra, Founding and Managing Partner, Algebris Investments / TCI, United Kingdom
Tidjane Thiam, Group Chief Executive, Prudential, United Kingdom
Jean-Claude Trichet, President, European Central Bank, Frankfurt
Moderated by
Barry Eichengreen, Professor of Economics and Political Science, University of California (Berkeley), USA; Global Agenda Council on Global Investment Flows
Duration : 1:1:54
Rosenberg Says Bernanke Has Become `Super Transparent’: Video
Feb. 24 (Bloomberg) — David Rosenberg, chief economist at Gluskin Sheff & Associates Inc., talks with Bloomberg’s Betty Liu about Federal Reserve Chairman Ben S. Bernanke’s testimony before the House Financial Services Committee and the possible impact on the financial markets. (Source: Bloomberg)
Duration : 0:3:33
Warren Says Commercial Real Estate Loans Pose Danger: Video
Feb. 11 (Bloomberg) — Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, talks with Bloomberg’s Betty Liu about the outlook for community banks that have exposure to commercial real estate loans.
Warren, speaking from Newton, Massachusetts, also discusses the need for so-called stress tests on community banks. Commercial real estate loans have potential to go sour and wreck the U.S. economy unless regulators prepare now, according to a report from the watchdog for the federal financial rescue program. (Source: Bloomberg)
Duration : 0:4:21
Peter Schiff – Ron Paul Financial Advisor – Get Out of The Dollar Now While You Can – Collapse Of The American Empire
Peter Schiff (Ron Paul financial advisor) points out that the government destroyed the United States Economy. Let the free market cleanse the markets.
The Dollar will go into free fall.
Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.
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Thursday’s seizure and sale is the latest historic step in U.S. government attempts to clean up a banking industry littered with toxic mortgage debt. Negotiations over a $700 billion bailout of the entire financial system stalled in Washington on Thursday.
Washington Mutual, the largest U.S. savings and loan, has been one of the lenders hardest hit by the nation’s housing bust and credit crisis, and had already suffered from soaring mortgage losses.
Washington Mutual was shut by the federal Office of Thrift Supervision, and the Federal Deposit Insurance Corp was named receiver. This followed $16.7 billion of deposit outflows at the Seattle-based thrift since Sept 15, the OTS said.
“With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business,” the OTS said.
Customers should expect business as usual on Friday, and all depositors are fully protected, the FDIC said.
FDIC Chairman Sheila Bair said the bailout happened on Thursday night because of media leaks, and to calm customers. Usually, the FDIC takes control of failed institutions on Friday nights, giving it the weekend to go through the books and enable them to reopen smoothly the following Monday.
Washington Mutual has about $307 billion of assets and $188 billion of deposits, regulators said. The largest previous U.S. banking failure was Continental Illinois National Bank & Trust, which had $40 billion of assets when it collapsed in 1984.
Duration : 0:5:53
Cummings Says AIG Bonus Reductions Not a `Favor’ to U.S.: Video
Feb. 3 (Bloomberg) — U.S. Representative Elijah Cummings, a Maryland Democrat, talks with Bloomberg’s Peter Cook about American International Group Inc.’s payment of bonuses to its financial products division .
Employees in the bailed-out insurer’s financial products unit, which sold the derivatives that drove New York-based AIG to the brink of collapse, agreed to forgo about three-quarters of the $26 million in retention bonuses that the U.S. paymaster asked be forfeited, said people with knowledge of the matter.(Source: Bloomberg)
Duration : 0:3:17
Mobile phones and banks, banking transactions future trends
http://www.globalchange.com Banks will become phone companies and telecom companies will become banks. Mobile payment systems, micropayments, mobile phone credit card transactions and loans. Economic impact of remittances from foreign workers using SMS credit to avoid foreign exchange transaction costs. How biometrics fingerprint technology will allow large mobile phone payments. Commissions and interest charges on loans. Impact of revenues from American Express, Visa, Delta, Access, Mastercard moving to mobile phone transactions. Conference keynote speaker and Futurist Dr Patrick Dixon.
Duration : 0:4:59
Peter Schiff predicts Imminent Doom – Fear And Loathing In America
Peter Schiff (former Ron Paul financial advisor) predicts Dollar Crash. American Economic Crash. Fear and loathing in the American Empire.
Duration : 0:9:59