Metals like gold and silver have become a core holding for more investors as they focus on the risks that lie in sovereign balance sheets. The gold price was as high as $1,245.80 per ounce Wednesday.
The House reform bill has already been passed, but the more influential bill written by Senator Dodd and the Banking Committee still faces debate in the Senate. It is crucial, for the sake of US financial stability and that of the world, that some of the bill’s shortcomings are recognized and remedied.
As the US Treasury sells some of its shares in Citigroup, it will make a profit, but the government bailout and financial crisis still are costly to America
If Washington knew what was good for it and the nation, it would sever its financial connections with Wall Street. Better yet, it would enact legislation seeking to limit the impact of corporate money in politics. But that's not happening any time soon.
Is Goldman Sachs a breeding ground for speculative booms and busts that have harmed America, as critics assert? Or does the work of Goldman Sachs create a vital foundation for economic growth? The Goldman Sachs-SEC case has reopened that longstanding debate.
Compared to the Droid and iPhone, the Google Nexus One has pitiful sales numbers. But is such a comparison fair?
US banks are losing the opportunity to earn fees on the roughly $500 billion in planned European debt offerings this year.