Word: crisises
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For all the relief over the jobless figures released by the Bureau of Labor Statistics Friday morning - 247,000 jobs were lost in July, far fewer than economists had expected - a dark problem lurks in the numbers: dangerously high levels of long-term unemployment in America. Unlike recent recessions, the...
Read "Financial Crisis Buzzwords."
If regulators and politicians are slowing the process, though, it doesn't mean there's no movement. The House, with its solid majority of Democrats and tight control by Nancy Pelosi and House Financial Services chief Barney Frank, is expected to move legislation early in the fall. Senator Chris Dodd...
The tense meeting, first reported by the Wall Street Journal, took place at the Treasury department Friday afternoon and was attended by top regulators from all the major oversight bodies, including the FDIC, the Office of the Comptroller of the Currency, the SEC, the Commodities Futures Trading Commission, the Fed...
Any substantive bill may be good enough for Geithner, who may have the most at stake. He survived the terrible start of his tenure at Treasury and managed to lead the Administration's efforts to stabilize the markets under constant attack. But he continues to struggle with the impression that...