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POPSCentral Banks At Risk Just Like Wall Street's Finest This really is a bucket of cold water. The author is Kenneth Rogoff, professor of economics and public policy at Harvard, writing in the U.K.'s Guardian newspaper. His core point is that central banks, in shoring up national banking industries by taking on financial firms' bad debt, are only putting themselves at risk.
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POPSGoldman Cuts View On 5 Top U.S. Investment Banks Tanona recommends a trade in which investors buy Morgan Stanley shares and sell Citigroup shares short. He says Morgan Stanley is one of the brokers best positioned for a market turnaround, while Citigroup will remain heavily exposed to mortgages and consumer credit issues.
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POPSIllinois To Sue Countrywide And CEO Mozilo This is the first known case of a state authority charging Countrywide, the largest U.S. mortgage lender, for actions related to the housing crisis. It also comes on the same day the company's shareholders are expected to vote on its sale to Bank of America.
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POPSNYSE Euronext Beats LSE To Doha Deal The deal with NYSE Euronext is part of Qatar’s master-plan for revamping its financial architecture as it aims to raise the standards of its stock market and banking system in anticipation of windfall from gas exports in the coming years that will double government revenues.
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POPSPaulson Urges Stronger Fed Role On Wall St. Reiteration of the thrust of the Treasury's blueprint from earlier this year as Washington's tries to work out how to get out of the situation the Fed created by flooding the banks with lifeboat liquidity.