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$34 Trillion National Debt Poses 'Boiling Frog' Threat To US Economy, JPMorgan Warns
Sunday, January 7, 2024 - 9:44pm | 644Read More...Global investment bank JPMorgan has sent out a warning signal, likening the ballooning $34 trillion U.S. national debt to a ‘boiling frog’ situation, which could potentially lead to an unmanageable financial crisis. What Happened: The U.S. national debt has hit a new high of $34...
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Pro-Bitcoin President Javier Milei Assumes Office In Argentina Amid Severe Economic Crisis: 'Our Country Demands Action'
Monday, December 11, 2023 - 3:06am | 651Read More...In a bid to steer the nation out of its economic crisis, pro-Bitcoin (CRYPTO: BTC) leader Javier Milei took the helm as Argentina’s president on Sunday. What Happened: Associated Press reports indicate that Milei’s inaugural address in Buenos Aires was a frank delineation of...
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Tech Stocks Tank on Economic Crisis, S&P Downgrade
Monday, August 8, 2011 - 3:37pm | 831Read More...I'll bet Facebook and Zynga are glad they haven't gone public yet. LinkedIn (NYSE: LNKD) is among the many tech companies taking significant losses following today's unparalleled crisis. As of this writing, the popular social networking has been hit by an 18% decline. Granted, LinkedIn was...
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Surprise, Surprise: WaMu Failure Fueled By 'Fraud And Greed'
Monday, April 12, 2010 - 8:46pm | 143Read More...In a revelation that will surely shock the nation, the Senate Permanent Subcommittee on Investigations concluded a year-and-a-half long inquiry into the collapse of Washington Mutual, once one of the nation's largest financial holding companies. The panel claimed that WaMu's collapse was due to a "...
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Geithner Predicts Republican Support For Financial Reform
Saturday, April 3, 2010 - 1:40pm | 233Read More...This week, Treasury Secretary Timothy Geithner claimed that a financial reform bill that would gain Republican support is becoming more of a reality, setting up an expectation that the passing of such a bill with bipartisan support will be accompanied by a massive cold front moving in as Hell...
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Why Bank Of England Wants Banks' Business Split
Wednesday, October 21, 2009 - 5:03am | 152Read More...Bank of England (The Central Bank Of The Uk) Governor Mervyn Allister King who is also the head of Monetary Policy Committee, says that, we need to rethink how our financial institutions should be "structured and regulated" in order to prevent the emergence of another economic crisis in future....
