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California dreaming
The biggest banks can be blamed for many things, but causing a debt crisis in California isn't one of them. So concludes a report issued Thursday by the state's treasurer, Bill Lockyer. He said data...
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Europe's ticking time bomb: Credit default swaps
In the midst of the eurozone meltdown, a new crisis has gone unnoticed: a shaky derivatives market. By Charles P. Wallace, contributor FORTUNE -- Warren Buffett once famously described credit default...
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Why it's time to outlaw credit default swaps
JPMorgan Chase's London Whale should finally sink the notion that the market for bond insurance works. Fortune -- In finance, there should be a three-strikes-and-you're-out rule. If there were, credit...
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Watch Brad Pitt, Christian Bale, and Steve Carell in ‘The Big Short’ trailer
With summer finally turning to fall, it’s also time for movie theater fare to start turning from big-budget blockbusters to Oscar bait. With that in mind, we welcome the new trailer The Big Short, the...
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Why Glencore’s problems matter, and why today’s rebound doesn’t
Shares in Glencore Plc GLNCY the world’s biggest miner and commodities trader, are rebounding Tuesday after the company rebutted suggestions it might go bust. Analysts at investment bank Investco had...
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