Credit Default

U.S. Asks Parents for Money

Pablo Andreu | Posted 09.26.2011

Read More: Credit Default, Debt Ceiling, Comedy News, Satire, Comedy News
Pablo Andreu

Frustrated by its financial straits, America went to the local bar to drink its sorrows away. After racking up a $2 trillion bar tab, the U.S. drunk-dialed China.

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Debt Ceiling for Dummies: Why Compromise Is so Necessary

Jonathan_Miller | Posted 09.23.2011

Read More: Debt Ceiling Talks, Greece, Debt Ceiling, Credit Default, No Labels, Greece Debt Crisis, Greece Debt, Obama Debt Ceiling, Debt Ceiling Debate, Politics News
Jonathan_Miller

I offer the following straightforward, plain-English summary to hopefully help better explain the real-life impact of American credit default.

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Bernanke, Fed Made Used Taxpayer Money To Buy Junk Bonds Without Congress Knowing

bloomberg.com | Caroline Salas, Craig Torres and Shannon D. Harrington | Posted 05.25.2011

Read More: Junk Bonds, Cdos, Bearn Stearns, Bailout, Tim Geithner, Credit Default, Bernanke, Ben Bernanke, High-Yield Bonds, Maiden Lane, Business News

July 1 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that t...

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Goldman Sachs' Abacus Investigations Continue

Huffington Post | Sara Yin | Posted 05.25.2011

Read More: Finra, Investment Banks, Cdos, Goldman Sachs Abacus, Fsa, Credit Default, Abacus, Bayou Hedge Fund, Ponzi Scheme, Banks, Sec, Financial Regulation, Wells Notice, Bayou, Business News

The $550 million settlement reached between Goldman Sachs and the Securities and Exchange Commission last month was not the end of investigations into...

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