As the U.S. deals with bankruptcies and foreclosures, Americans are looking at who's to blame for the current state of their economy. Some are pointing the finger at Investment Bank Lehman Brothers and say its demise drove the country into debt.
Thursday, September 16, 2010
Wednesday, September 15, 2010
European Commission to Draft Rules on Wild West Trading
BBC online reports on Wednesday, the European Commission has put forth a draft of rules on trading in what it calls "Wild West territory," or intricate financial products. The Commission wants to put a watchdog in place to monitor the derivatives market for products that are not purchased, but are used to make bets on assets. European Commission officials also want to take a look at short-selling, which some say that along with derivatives, have contributed to the eurozone's debt crisis.
Thursday, September 9, 2010
Saturday, September 4, 2010
Subscribe to:
Posts (Atom)