There’s no doubt the move last month by HSBC Holdings (NYSE:HBC) to embed their CEO in Hong Kong, moving him from the London office, speaks volumes as to where they see their future growth, and it’s definitely Asia.
In a report they released called “The Tipping Point — The rise of the East and Demise of [...]
All Posts Tagged With: "Federal Deficit"
HSBC Holdings (NYSE:HBC): The rise of the East and Demise of the West
FDIC’s Actions Could Further Damage Banking Industry
I wanted to take a look at the recent communication between the FDIC and the banking community, where the FDIC asserted that “Recent experience demonstrates that newly insured institutions pose an elevated risk to the Deposit Insurance Fund, particularly during an economic downturn.”
They added that the banks or financial institutions that had to have their [...]
Federal Judge Orders Federal Reserve to Turn Over Agency Records to Bloomberg News
In an extraordinary ruling, U.S. District Court Judge Loretta Preska ordered the Federal Reserve to turn over records of the details concerning the lending of taxpayers’ money to financial institutions and banks.
The lawsuit was filed by Bloomberg LP, parent of the Bloomberg News division which sought to look over the documents detailing the actions of [...]
Warren Buffett: Monetary Medicine Leaving Disastrous Side Effects
While it’s sad to see Warren Buffett in his old age become a shill for the Obama administration, basically abandoning his past practice of focusing on the free markets. He does at least admit to the extraordinary problems emerging from throwing the unprecedented amount of taxpayers’ money and bailing out industry after industry.
Before we get [...]
Obama Administration Raises Deficit Forecast to $9 Trillion
The budget deficit for the federal budget has just been revised by the White House by close to $2 trillion over the next 10 years, now estimated to come in at around $9 trillion rather than the $7.1 trillion originally projected. (I wonder how you miss a number by about $2 trillion in the first [...]
August 22nd, 2009 | Gary | Comments | Continued
Just use a little psychology and you can interpret this any way you want depending on your disposition. I would ...
Yeah he can really say that if the government is waiting for the release of the positive result which will ...
I've only seen blog mentality reporting from this site, and don't take much merit in anything it says.