Euro bounces in line with stocks (AFP)
AFP - The euro bounced back strongly against the dollar on Tuesday, taking a lead from a recovery on the stock markets after a sharp sell-off the previous day.
World stocks recover as investors hunt bargains (AFP)
AFP - Global stock markets recovered Tuesday as investors hunted for bargains a day after sharp losses caused by heightened concerns for the US economy and in particular its ailing auto sector.
Geithner Plan Good for Some Banks, Says Roubini–Others Are Toast
Tim Geithner's plan to get toxic assets off bank balance sheets should help strengthen SOLVENT financial institutions, Nouriel Roubini of RGE Monitor says. But banks that fail stress tests (a.k.a., insolvent ones) should be seized, restructured, and sold.
Geither Plan Good for Some Banks, Says Roubini–Others Are Toast
Tim Geither's plan to get toxic assets off bank balance sheets should help strengthen SOLVENT financial institutions, Nouriel Roubini of RGE Monitor says. But banks that fail stress tests (a.k.a., insolvent ones) should be seized, restructured, and sold.I
Roubini: Obama Right to Wave Big Stick at GM
NYU professor Nouriel Roubini thinks the Obama administration is perfectly justified in taking a hard line with Detroit.The best move for GM from here, he says, is a "pre-packaged bankruptcy." This will allow the company to reach deals with bond
