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Not to sound Panglossian, but all things considered, this whole "fiscal cliff" exercise hasn't been such a bad thing. I'm not saying it's been good for the economy or the public's faith in government. It's had the opposite effect, and things may get...
As the mortgage market collapsed in 2007, bond trader Kareem Serageldin had a tricky job – placing a value on more than $3 billion in toxic mortgage securities decaying on the books of Credit Suisse, the giant Swiss bank. On Monday, a British...
Tags: International Law, Mortgages, Fishing, Extradition, Prosecution
Stock and bond markets in the U.S. were closed Monday for the Martin Luther King Jr. holiday, but trading took place in the rest of the world. European stocks rose while German bonds declined as European finance ministers met for the first time this...
Robert L. Citron, the Orange County treasurer whose bad bets on exotic Wall Street investments resulted in what at the time was the largest municipal bankruptcy in U.S. history, died Wednesday. He was 87. Citron died at St. Joseph Hospital in Orange...
Tags: Asthma, Finance, Trials, Heart Attack, Bankruptcy
L.A. NOWBond guru Jeffrey Gundlach has offered a $1.7-million bounty for the safe return of a cherished $10-million collection taken from his Santa Monica home last week, one of the highest rewards on record for the return of stolen art....
L.A. NOWClippers forward Matt Barnes pleaded no contest Tuesday to misdemeanor resisting and being an unlicensed driver after prosecutors opted not to charge the NBA player with the felony claimed in the arrest by Manhattan Beach police. Barnes allegedly...
The stock market is getting a lift Thursday thanks to the Federal Reserve's latest attempt to spur the economy. The Dow Jones industrial average was up more than 150 points by late morning Pacific time, with most of the gain coming immediately after...
Tags: Federal Reserve
World NowDebates over austerity measures in Spain, Italy and Greece served as silent pressure on the European Central Bank (ECB) to do something at its Thursday board meeting to boost investors' confidence in the government bonds Italy and Spain need to float to...
World NowEuropean Central Bank chief Mario Draghi vowed Thursday that the euro common currency is "irreversible," but the bank's decision to not ease borrowing costs for heavily indebted Eurozone members such as Spain and Italy drove markets into renewed turmoil.....
Money & CompanyA Beverly Hills financial firm and its founder pleaded guilty to federal criminal charges that they defrauded government agencies by steering investment contracts to firms that paid them kickbacks. David Rubin, 50, and his company, CDR Financial...
World NowRomania's government fell after a no-confidence vote and the leadership of the Czech Republic narrowly survived a similar challenge Friday in the latest challenges to European efforts to heal the Continent's debt crisis with tough spending cuts and higher...
Money & CompanyWhere will Mr. Ed stash his cash now? As the Treasury Department prepares to pull the plug on the paper version of U.S. savings bonds at the end of the year, it's touting the 76-year history of the populist government......
Dec 28, 2012 |Story| Los Angeles Times
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