HomeLate-2000s Financial Crisis News – US Federal Reserve, United States, Henry Mo, AIGBusinessLate-2000s Financial Crisis News – US Federal Reserve, United States, Henry Mo, AIG

Late-2000s Financial Crisis News – US Federal Reserve, United States, Henry Mo, AIG

JPMorgan, Goldman Sachs Flagged in Fed’s Review
Most banks got the green light from the Fed with their capital plans. In a surprise, Goldman Sachs and JPMorgan Chase received only “conditional approval.”

Dow: Best streak since ‘irrational exuberance’
The Dow is on track to post its ninth consecutive day of gains — a rare feat for U.S. stocks.

The Wealth Effect Might Be Shrinking
The Dow keeps hitting all-time highs and home prices are rising. But many Americans do not feel any richer. That could be bad news for the economy. “Consumers may be skeptical about their wealth,” said Mark Zandi, chief economist at Moody’s Analytics.

Greenberg doubles claims in AIG bailout lawsuit vs U.S. to $55 billion
(Reuters) – Maurice “Hank” Greenberg, the former American International Group Inc chief executive, has more than doubled the size of his class-action lawsuit against the United States over the insurer’s bailout to roughly $55.5 billion from $25 billion.



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