A weak and uncertain statement from the UAE has stoked ‘fears of tension between emirates,’ The panic question among businessmen in the region is whether Dubai will default or not. Some investors are quick to defend the emirate. According to Thani al-Falaasi, a businessman in Dubai, “Only a few decades ago, this country was nothing, [...]

California is in a bad financial state, to say the least. A bailout of the state is even an important part of the talk, at this point. A more severe blow came in the form of California voters rejecting their Governor’s proposed package to balance the budget.
That alone might be enough indication that Schwarzenegger will [...]

The US government has been pumping in money to bail out several banks from the economic storm. JP Morgan Chase wants to pay back the emergency fund that they had taken from the US Government. The decision comes due to the excessive political influence in the banking system,
Jamie Dimon, the chief executive of JP Morgan [...]

The two former US automaker giants General Motors and Chrysler are facing a choice between submitting a viable plan of action or filing for controlled bankruptcy. A declaration of bankruptcy is the fastest method for restructuring, according to US President Barack Obama, as much as it is a ‘legal tool to end the debate.’ General [...]

“Giving large sums of money to the very people who caused the problems in the first place seems very unwise, to put it mildly,” said Srichand P Hinduja, Chairman of the diversified Hinduja Group.
In an article in Forbes magazine, as a pre-G-20 London summit commentary, Hinduja said: “What we are witnessing is the trailer to [...]

Republicans blame the government of President Barack Obama for not having done enough to ensure that AIG executives did not get their hands on the fat bonuses after receiving public bail-out money. US Treasury Secretary Timothy Geithner has fallen under heavy criticism for not having averted the release of bonuses to AIG executives. Construed as [...]

Obama’s ire over the excessive bonuses of Wall Street honchos even after the bailout funds came with his government’s regulatory reform calls. Outraged, Obama has recently asked Treasury secretary Timothy Geithner to look for legal means to prevent the payment of multimillion-dollar bonuses to AIG executives who sank the firm.
AIG has pledged $165 million in [...]

When most banks are desperate for another bailout and countless homeowners are unable to make their mortgage payments, it is amazing that the dead are paying their bills!
Specially trained agents at DCM Services (the industry leader in deceased account recovery) call up the departed’s next of kin and kindly ask if they want to settle [...]

U.S Government has bailout the country’s largest bank with the announcement of the deal that gives the federal government 36% control of Citigroup’s common stock.
The shares of Citigroup fell by 46 % in the premarket trading. The deal is to convert the company’s preferred shares to common shares. This move is to stabilize the [...]

During the presidential campaign, John McCain accused Obama for being a socialist. True enough, Obama is now showing the world that socialism can mix with a market economy. Newsweek asserts that socialism in America did not start with Obama but with his predecessor George W. Bush who nationalized Freddie Mac and Fannie Mae, the two [...]