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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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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.
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POPSGoldman Sachs Level 3 Assets Rise GS says the most dramatic rise was in asset-backed securities, including those based on mortgages -- up more than 50% quarter-over-quarter to $25 billion.
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POPSRegulators And Bankers Defend Bear Sterns Rescue Very much the party line, but underlines the wider risk to the economy had the investment bank failed. And U.S. bankers and regulators are not having to defend a government takeover as is the case in the U.K. over Northern Rock.
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POPSWill Crisis Clain Wall Street's Most Powerful Woman? Portfolio has anointed 42-year old Erin Callan the most powerful woman on Wall Street. But as CFO of a rumor-plagued firm that Wall Street's options traders are tagging as potentially another Bear Stearns, there's at least a chance that her ascendency will continue elsewhere.
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POPSInflation Is Like Absinthe From a thoughtful speech by Fed Governor Richard Fisher on the challenges for monetary policy in a globalized economy and the importance of keeping inflation contained.