Securitization is dead A new program from U.S. Treasury Secretary Geithner and the central bank is now reviving the market. The criticism rating agencies are already rub their hands. “Term Asset-Backed Securities Loan Facility (Talf) is the bulky name. But on the American Treasury and the Fed dreamed up Wortungetüm rest the hopes of the [...]
In the U.S. and Germany is struggling politics about the future of GM and Opel. It depends on the rescue of the creditors, which fear heavy losses. The discussion will now also with banks for large uncertainty. German Economics Minister Karl-Theodor zu Guttenberg and his U.S. trip dominate the headlines. But the real struggle for [...]
The U.S. public is horrified: State-based banks continue to distribute bonuses and dividends, but keep in loans back. President Obama Geithner and finance ministers will now continue on a double strategy: Obama complains about bonuses. And Geithner urges more lending to the public. According to the survey released Monday evening by the Ministry of Finance [...]
In the U.S., unemployment is rising – and with it the credit card defaults. American Express could now sit up a significant deterioration. Even the large banks are affected by the failure of avalanche. The U.S. credit card providers face massive defaults due to depreciation. According to estimates by analysts, the failure rates this year [...]