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Wachovia

Goldman Sachs Nearly Bankrupted AIG

Janet Tavakoli | Posted 11.17.2009 | Business

Read More: Socgen, Cdos, Goldman Sachs, Bank of Montreal, Joe Cassano, Janet Tavakoli, Goldman Sachs Bailout, AIG Bailout, Aig, Credit Crisis, Credit Default Swaps, Wachovia, Calyon, Business News
Janet Tavakoli

Goldman Sachs wasn't the only contributor to the systemic risk that nearly toppled the global financial markets, but it was the key contributor to the systemic risk posed by AIG.

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Shahien Nasiripour

Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

HuffingtonPost.com | Shahien Nasiripour | Posted 11.17.2009 | Business

Read More: Tarp, Wells Fargo, Troubled Asset Relief Program, Bank of America, Federal Reserve, Neil Barofsky, Aig, American International Group, Federal Reserve Bank of New York, Merrill Lynch, Goldman Sachs, Bailout, Tim Geithner, Financial Crisis, Wachovia, Sigtarp, Business News

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nat...

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BofA CEO Search: Bob Kelly, Bank Of New York CEO, Won't Take Job

charlotteobserver.com | Rick Rothacker and Christina Rexrode | Posted 11.03.2009 | Business

Read More: Bank of America, Charlotte-North Carolina, Ken Lewis, Bob Kelly, Wachovia, Bank of New York Mellon, BofA CEO, Bofa, Business News

Add Bob Kelly to the list of financial services executives who aren't clamoring for the top job at Bank of America Corp. The Bank of New York Mellon ...

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Too Big To Fail: The Best Quotes From Andrew Ross Sorkin's Book (PHOTOS)

Posted 10.16.2009 | Business

Read More: Lloyd Blankfein, Hank Paulson, Slidepoll, Stanley Druckenmiller, Jamie Dimon, Dick Fuld, JPMorgan Chase, Goldman Sachs, Gary Cohn, Morgan Stanley, Lehman Brothers, Tim Geithner, Andrew Ross Sorkin, Financial Crisis, Wachovia, Business News

New York Times scribe Andrew Ross Sorkin's much-anticipated book Too Big To Fail may be the closest we'll ever get to being a fly on the wall during l...

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Sorkin On What Happened After Lehman

Robert Teitelman | Posted 10.05.2009 | Business

Read More: Lloyd Blankfein, Enron, Geithner, Business, Wachovia, Great Panic of 2008, Goldman Sachs, Bank of America, Merrill Lynch, JP Morgan, Morgan Stanley, Wall Street, Lehman Brothers, Media Maneuvers, Investment Bank, Andrew Ross Sorkin, Robert Teitelman, Ben Bernanke, Tarp, Timothy, Business News
Robert Teitelman

New York Times' reporter Andrew Ross Sorkin's excerpt microscopically examines the actions of some key regulatory and Wall Street players, in this case during the period immediately after Lehman failed.

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TARP Watchdog's Report: Treasury Misled Public On Bailouts

AP | MARTIN CRUTSINGER | Posted 10.05.2009 | Business

Read More: JP Morgan Chase, Tarp, Inspector General, Treasury Department, Geithner, Hank Paulson, Troubled Assets Relief Program, TARP Watchdog, Wells Fargo, Bailouts, Bank of America, Merrill Lynch, Wall Street, Finance, Barofsky, Neil M. Barofsky, Banks, Watchdog, Henry Paulson, Report, Timothy Geithner, Wachovia, Citigroup, Business News

WASHINGTON — The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial bank...

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Goldman Sachs In Vanity Fair: Andrew Ross Sorkin Details Secret Meetings During Financial Crisis

Posted 09.30.2009 | Business

Read More: Goldman Sachs, Tim Geithner, Vanity Fair, Andrew Ross Sorkin, New York Times, Financial Crisis, Henry Paulson, Federal Reserve, Wachovia, Citigroup, Business News

Add The New York Times' Andrew Ross Sorkin to the list of writers who've pondered the mystery of Goldman Sachs. The latest issue of Vanity Fair h...

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Swine Flu's Potential Economic Effects: Mexico's Tourism, Retail Sure To Suffer

Huffington Post | Stuart Whatley | Posted 05.29.2009 | World

Read More: Tourism, Swine Flu Outbreak, Swine Flu Tourism, International Monetary Fund, Swine Flu Pandemic, Swine Flu, Mexico, Swine Flu Economic Effects, Global Financial Crisis, Wachovia, Swine Flu Mexico, Sars, World News

Wachovia has issued a report that gives a cursory overview of how the swine flu crisis will effect Mexico as well as international economies, based pr...

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End of the World Economic Scenario

Grant Cardone | Posted 03.19.2009 | Living

Read More: Foreclosures, Bank Failures, Recessiin, Cnbc, Wamu, Good News, Grant Cardone, Recession, Thain, General Motors, Merrill Lynch, Economic Collapse, Madoff, Economic Doom, Cnn, Fox, Wachovia, Great Depresson, American, Living News
Grant Cardone

Neither the world nor your survival will come to an end regardless of what happens economically. Can it get worse? Certainly. Will your lifestyle change? Yes, but so will most everyone else's!

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Citigroup as the "Grim Reaper"

Raymond J. Learsy | Posted 03.26.2009 | Business

Read More: Citigroup, Bank of America, Federal Reserve, Wall Street Journal, Deutsche Bank, JPMorgan Chase, Cnbc, Charlie Gasparino, General Growth Properties, Financial Crisis, Wachovia, Tarp, FederalDeposit Insurance Copr, Goldmansachs, Ustreasury, Eurohypo, Bailout Outrage, Business News
Raymond J. Learsy

In an earlier post, I ended by paraphrasing Lenin, "Wall Street will sell us the rope to hang American Capitalism." Well, in Citigroup we have created the perfect "Grim Reaper."

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William H. Miller: Famed Stock Picker Did Great Until Picking AIG, Wachovia, Bear Stearns, Freddie Mac

Wall Street Journal | TOM LAURICELLA | Posted 01.10.2009 | Business

Read More: Aig, Legg Mason Value Trust, Bear Sterns, Freddie Mac, Stocks, Legg Mason, William H. Miller, Financial Crisis, Bear Stearns, Wachovia, Business News

William H. Miller spent nearly two decades building his reputation as the era's greatest mutual-fund manager. Then, over the past year, he destroyed i...

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Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 12.26.2008 | Business

Read More: Congress, Phil Gramm, Hank Paulson, Chrysler, United Auto Workers, Senate Banking Committee, Economy, Honda, U.S. Treasury, Cars, Mercedes-Benz, Federal Reserve, $700 Billion Bailout, Vikram S. Pandit, Ford, Charles O. Prince III, Automakers, Nissan, Unemployment, Bailout, Default, George Will, Hyundai, Sen. Jon Kyl, Detroit, Big Three, Financial Crisis, Washington Post, President Bush, Detroit Bailout Reaction, Detroit Bailout, Automaker Bailout, Big Three Automakers, Toyota, Sen. Richard Shelby, Detroit Three, Gm, The Big 3, Chysler, Detroit Automakers, Robert Rubin, Wall Street, Martin Feldstein, Ben Bernanke, Wachovia, Auto Industry, Bankrupt, Citigroup, Business News
Leo W. Gerard

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

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Wachovia 3Q loss paves way for Wells deal

AP | SARA LEPRO | Posted 11.23.2008 | Business

Read More: Economy, Banks, Finance, Financial Crisis, Wachovia, Wells Fargo, Wachovia Wells Fargo Deal, Business News

NEW YORK — How could a $24 billion loss possibly be good news? When it comes from Wachovia as an effort to primp itself for its acquisition by W...

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Wachovia 3Q loss paves way for Wells deal

AP | SARA LEPRO | Posted 11.22.2008 | Business

Read More: Finance, Banks, Wachovia, Wells Fargo, Wachovia Earnings, Business News

NEW YORK — How could a $24 billion loss possibly be good news? When it comes from Wachovia as an effort to primp itself for its acquisition by W...

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Financial Crisis Hurting Office Market

Crain's Chicago Business | Thomas A. Corfman | Posted 11.20.2008 | Chicago

Read More: Merrill Lynch, Aig, J.P. Morgan Chase, Lehman Brothers, Financial Crisis, Credit Crisis, Bear Stearns, Wachovia, Chicago Office Market, Chicago News

(Crain's) -- J. P. Morgan Chase & Co. has terminated a 52,100-square-foot lease of a former Bear Stearns Cos. office in the Central Loop, as Wall Stre...

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Magic Takes on the Economy

Paige Donner | Posted 11.20.2008 | Business

Read More: Property Acquisition, Economy, Chlorine-Free Paper, Soy Ink, Los Angeles Convention Center, Credit Crisis, Hsbc, Global Ecnomony, Wachovia, Leed, Fedelity Charitable Services, Association for Financial Professionals, AFP Conference, Magic Johnson Theaters, Finance and Treasury, Midnight Mission, Earvin Magic Johnson, Capital, Lakers, NBA All Star, Business News
Paige Donner

"Minorities have to get out of dominating sports and entertainment and get into dominating money," said Johnson who is part-owner of the Los Angeles Lakers.

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Citigroup Walks Away From Wachovia Deal, But Wrangling Continues

AP | SARA LEPRO | Posted 11.10.2008 | Business

Read More: Citigroup, Wachovia Lawsuit, Finance, Wells Fargo, Economy, Banks, Personal Finance, Wachovia, Business News

NEW YORK — Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup br...

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Citi Gives Up Challenge To Wells Fargo-Wachovia Deal

AP | SARA LEPRO | Posted 11.09.2008 | Business

Read More: Citibank, Citi, Citicorp, Wells Fargo, Wachovia, Business News

NEW YORK — Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup br...

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Citi, Wells Fargo Extend Cease-Fire Over Wachovia

Reuters | Dan Wilchins | Posted 11.08.2008 | Business

Read More: Citi, Wachovia Deal, Wachovia, Wells Fargo, Business News

Citigroup Inc and Wells Fargo & Co agreed to extend their legal standstill for two more days as they scrambled to come to a deal that could see them d...

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Citi, Wells Call Truce On Wachovia, But Wells May Win Anyway

Reuters, BloggingStocks | Dave Burdick | Posted 11.07.2008 | Business

Read More: Citigroup, Wachovia Lawsuit, Wells Fargo, Banks, Wachovia Buyer, Wachovia, Business News

The bizarre battle for a troubled bank that started on Friday continues this week. Citigroup, which claims it had an exclusive deal with the FDIC and ...

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Citigroup Lays Out Wachovia Claims

New York Times | Jonathan D. Glater | Posted 11.06.2008 | Business

Read More: Citigroup, Economy, Wells Fargo, Wachovia Lawsuit, Banks, Wachovia Buyer, Wall Street Crisis, Wall Street, Wachovia, Business News

The financial giant, Citigroup, on Monday finally filed its complaint against rivals banks Wachovia and Wells Fargo, laying out the claims underlying ...

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The New Meaning Of Diversification

Ron Galloway | Posted 11.06.2008 | Business

Read More: Steve Jobs, Investing, Merrill Lynch, Aig, Lehman Brothers, Economy, Stock Market, Economic Crisis, Bill Gates, Yahoo, WaMu Collapse, Stock Market Crash, Broadcast.com, Diversification, Warren Buffett, Wachovia, Financial Diversification, Financial Advisors, Business News
Ron Galloway

Like stocks, institutions go down too. Having all your money with one brokerage firm or financial advisor is foolhardy, even if they are "diversifying" your investments.

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Wachovia, Citigroup, Wells Fargo Drama Worries Fed

Dave Burdick | Posted 11.06.2008 | Business

Read More: Citigroup, Wachovia Lawsuit, Finance, Wells Fargo, Economy, Banks, Personal Finance, Banking Crisis, Credit Crisis, Wachovia Buyer, Wachovia, Business News

Last week, Citigroup and the FDIC seemed to be close to a deal to acquire the troubled Wachovia Corp. Then, on Friday, Wells Fargo swooped in and made...

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Court tilts Wachovia fight toward Wells Fargo

AP | SARA LEPRO | Posted 11.05.2008 | Business

Read More: Citigroup, Wells Fargo, Wachovia, Citi, Business News

NEW YORK — The battle for control of troubled bank Wachovia tilted toward Wells Fargo Sunday as a state appeals court blocked a lower court ruli...

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Most Jobs Cut In Over 5 Years, Signs Of Recession Worsen

AP | JEANNINE AVERSA | Posted 11.03.2008 | Home

Read More: Unemployment, Unemployment Rate, Job Cuts, Job Losses, Wachovia, Recession Fears, US Recession, Home News

WASHINGTON — Jobs are vanishing at the fastest pace in more than five years with pink slips likely to keep stacking higher in the months ahead, ...

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