Re-Confirmation Hearing – Ben Bernanke – Questions from Senator Bunning
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TRANSCRIPT: Obama Presses Banks to Lend, Accept New Regulations
By Rick Newman USNews An imagined conversation: President Obama: Thanks for coming to the White House, everybody. I know how miserable it is to fly commercial, but thanks for doing it and for taking the subway over from the airport. The American people will appreciate that. Lloyd Blankfein, Goldman Sachs: I got gum on my shoe. … Read more
Credit Suisse Sued Over Mortgage-Backed Securities
Dec. 15 (Bloomberg) — A Credit Suisse Group AG unit was accused in a lawsuit by MBIA Insurance Corp. of making fraudulent misrepresentations about mortgage-backed securities, causing the insurer to pay more than $296 million in claims. The complaint against Credit Suisse Securities (USA) LLC, filed yesterday in New York State Supreme Court in Manhattan, … Read more
‘Whack a Bankster’ Game is a Hit!
The game is proving so popular that its inventor has to keep changing worn-out mallets. The BBC reports that inventor Tim Hunkin says the ”Whack A Banker” machine at his pier arcade in Southwold, Suffolk, is proving a great investment. Punters are promised a ”truly rewarding banking experience” and use a mallet to hit as … Read more

