Stacy Summary: More unemployed Swiss bankers unable to leave their country for fear of the long arm of the American law. And Lehman collapse proving to be a huge financial stimulus for some people, maybe if we let more banks fail we would see a jobs bonanza in the US & UK?
UBS cuts 8,700 more [...]
Tags: china · copper · devaluation · endowment losses · fiji · goldman sachs · harvard · islamic insurance · lehman · pensions · suicide india · takaful · ubs
Stacy Summary: The British economy turns Norman Bates-like as taxpayer owned banks start harrassing the taxpayer with threatening phone calls.
Lloyd’s bank staff intimidating debtors with threatening phone calls
Tax-payer supported banks, RBS & Lloyds, report huge pension deficits that taxpayers will have to plug
Tens of thousands of US homes built with toxic Chinese dry-wall
Are you [...]
Tags: bank margins · black swan · chinese drywall · debtors · lloyds · mortgage · pensions · UK
Correction: The Boeing surveillance towers are meant for Detroit and Buffalo (not Pittsburgh). Link
Tags: boeing surveillance towers · buffalo · detroit · max keiser · pbgc · pensions · stacy herbert · tweecast
Stacy Summary: The word formerly known as “pension” is big news today as it looks increasingly unlikely that any non-oligarchic Americans will receive any of their previously contractually obliged retirement benefits.
US property prices down 29 pc, continue to tumble at fastest rate on record
Obama considers bankruptcy best option for GM & Chrysler (or, how [...]
Tags: chrysler · exxon · friends of geithner · gm · lord mandelson · max keiser · max keiser oracle · mp pension · nigeria stock market · obama · pensions · royal bank of scotland · royal mail · stacy herbert · us property prices