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Things You Need to Know Today

Banks Pocketing Gains From Lower Rates

The Huffington Post | Mark Gongloff | Posted 08.09.2012 | Business

Thing One: Banks Prevent Housing Bubble: You have likely heard -- probably in a nightmarish Facebook ad with a one-eyed bearded man dancing a jig -- t...

How Dare He Bring Charges Against This Bank!

The Huffington Post | Mark Gongloff | Posted 08.08.2012 | Business

Thing One: How Dare You? Boy, New Yorkers sure are rude, aren't they? Take New York's top banking regulator, Benjamin Lawsky, who had the utter gal...

Yet Another Bank In Hot Water

The Huffington Post | Mark Gongloff | Posted 08.07.2012 | Business

Thing One: Banks Gone Wild, Vol. 23: I'm starting to think the Mayans were not talking about a 2012 Apocalypse for the whole entire world, but just fo...

Who Will Save Us From The Robots?

The Huffington Post | Mark Gongloff | Posted 08.06.2012 | Business

Thing One: Who Will Save Us From The Robots? So, hooray, Knight Capital has been rescued from its own stupidity. Now who will rescue the stock market ...

The Never-Ending Knightmare

The Huffington Post | Jillian Berman | Posted 08.03.2012 | Business

Thing One: The Never-Ending Knightmare: Knight Capital, the firm that lost $440 million from mistaken trades earlier this week, is learning the value ...

Oh, So That's Why Everybody Hates The Stock Market

The Huffington Post | Mark Gongloff | Posted 08.02.2012 | Business

Thing One: Pratfall Of The Machines: I think if I were running the biggest stock market in all the world, the best thing to do would be to put all tra...

Earth To Europe

The Huffington Post | Mark Gongloff | Posted 08.01.2012 | Business

Thing One: Earth To Europe: Europe is sort of like Private Pyle in "Full Metal Jacket," the incompetent oaf that gets the whole platoon in trouble. In...

Central Bankers Prepare To Do Nothing

The Huffington Post | Mark Gongloff | Posted 07.31.2012 | Business

Thing One: Are You Ready For Some Nothing? In this week's marquee Olympic event, the 1000-meter Stimulus Resistance -- which, if you're not familiar, ...

Crunch Time Again In Europe

The Huffington Post | Mark Gongloff | Posted 07.30.2012 | Business

Thing One: Unhappy Anniversary: It's getting to be late summer, and you know what that means: Lazy days at the beach, back-to-school sales, and face-r...

Barclays Facing More Lawsuits, Investigation

The Huffington Post | Jillian Berman | Posted 07.27.2012 | Business

Thing One: Barclays' Bad News: Barclays just can’t seem to escape that pesky Libor scandal. The bank reported its earnings on Friday and revealed th...

Drought To Send Food Prices Soaring

The Huffington Post | Mark Gongloff | Posted 07.26.2012 | Business

Thing One: The Heat Of The Meat: And so it came to pass that in that dread Summer of '12, that vegetarianism did spread across the land. We didn't ...

Any Day Now, Fed

The Huffington Post | Mark Gongloff | Posted 07.25.2012 | Business

Thing One: Fed Prepares To Think About Action: Like a besieged Gotham without a Batman, our troubled economy looks to a hero for salvation: Ben Bernan...

Germany Tastes Its Own Bitter Medicine

The Huffington Post | Mark Gongloff | Posted 07.24.2012 | Business

Thing One: Germany Tastes Own Medicine: Let's all of us in the poor countries -- Greece, Spain, the United States -- have a laugh at Germany, shall we...

The European Crisis Is Back From Vacation

The Huffington Post | Mark Gongloff | Posted 07.23.2012 | Business

Thing One: European Vacation Over: Earlier this month, 7.5 Things went for more than a week without feeling compelled to ruin your morning with news f...

Banks Want To Settle Libor Charges: Report

The Huffington Post | Mark Gongloff | Posted 07.20.2012 | Business

Thing One: Let's Make A Deal: They did the crime together. They might as well do the time together too. A bunch of banks under scrutiny in the Libo...

Banks Had A Libor Fraud Co-Op: Reports

The Huffington Post | Mark Gongloff | Posted 07.19.2012 | Business

Thing One: All Together Now: Stringer Bell would be so proud. Just as The Wire's business-savvy drug dealer organized a cooperative of Baltimore dr...

PFG Customer Money Has All Been Spent: Report

The Huffington Post | Mark Gongloff | Posted 07.18.2012 | Business

Thing One: Are My Methods Unsound? See, this right here is exactly why Jamie Dimon worries that financial regulations will destroy America. Most of...

Shocked, Shocked To Learn Of Libor Fraud

The Huffington Post | Mark Gongloff | Posted 07.17.2012 | Business

Thing One: King Of Pain: If there were a buck-passing event in the London Olympics, Bank of England chief Mervyn King would be the favorite to win the...

Libor Fraud Made Easy

The Huffington Post | Mark Gongloff | Posted 07.16.2012 | Business

Thing One: The Big Easy: Libor is like a honey trap for banks: The perfect lure for getting themselves into deep trouble. Bloomberg writes today th...

Geithner's Choice

The Huffington Post | Mark Gongloff | Posted 07.13.2012 | Business

Thing One: Tim's Choice: It's Choose Your Own Adventure day here at 7.5 Things. Let's say you're one of the most important banking regulators in A...

Fed Leaps Into (In)Action

The Huffington Post | Mark Gongloff | Posted 07.12.2012 | Business

Thing One: Finicky Fed: Long-term unemployed people of America, take heart: Your brave champions on the Federal Reserve have heard your cries and are ...

Bring Out The Claw

The Huffington Post | Mark Gongloff | Posted 07.11.2012 | Business

Thing One: Just When I Thought I Was Out: If you think leaving a job means leaving behind all of that job's headaches, well, think again, buster. Just...

Libor Cheating: Who Knew?

The Huffington Post | Mark Gongloff | Posted 07.10.2012 | Business

Thing One: The Fed's True Libors: It's a good thing no one on earth cares about this Libor scandal, because otherwise the Fed would be in so much trou...

Obama's Tax Cut Gambit

The Huffington Post | Mark Gongloff | Posted 07.09.2012 | Business

Thing One: Cliff Diving: We're less than six months away from hitting the fiscal cliff, and our national co-pilots are too busy bickering over the con...

Barclays CEO Resigns Over Rate-Fixing Scandal

The Huffington Post | Mark Gongloff | Posted 07.03.2012 | Business

Thing One: Broken Diamond: See, now, this is how banking scandals should go down. For the second time in as many days, an executive at the very tip...