Public Pension Assets Decline Nearly 23%, Census Bureau Says
State and local government pension funds saw a nearly 23% drop in the value of their assets in 2009 as the U.S. economy struggled to get out from under the Great Recession, the Census Bureau says.
Free-Market Alternatives to Health Reform Work: Study
A new study by the Rand Corp. shows that free-market alternatives to President Barack Obama’s health reform may have an impact on bringing health costs down.
Bumbling Bond Traders Blow It
Despite S&P's warning that it was about to downgrade the U.S. sovereign debt in August, big Wall Street bond trading desks lost money trading Treasury bonds in the third quarter.
Administration Pulls Plug on Health Reform Measure
We told you two years ago a new health insurance program in health reform was unsustainable. Now the administration agrees, and has pulled the plug on it.
Caveat Emptor on White House’s Latest Housing Rescue
The White House’s updated "Home Affordable Refinance Program" may not be all it's cracked up to be.
Flat Tax Center Stage Again
FBN's Elizabeth MacDonald says a flat tax could help the U.S. economy if special interests would allow it to have a chance.
Moody’s: California’s Revenue Shortfall Credit Negative
Moody's warns California's revenue collections are falling short under Democrat Gov. Jerry Brown's new budget.
White House Still Wants Long Term Care Insurance Program
The White House doesn't support repeal of a new long term care insurance program in health reform. But the language of the health reform law curtailing this new program is another thing.
The Accounting Move That's Goosing Bank Profits
Look under the hood of bank earnings releases and you’ll see the banks are booking outsized paper gains in the third quarter from an accounting trick that’s legitimate under current rules.
Goldman, Morgan Stanley Skirting FD Rules?
How did Wall Street have a good idea that Morgan Stanley would post solid third-quarter earnings while Goldman Sachs would post its second quarterly loss since going public?
Wrong Number: Mayo Not Shut Out of BofA Earnings Call
Analyst Mike Mayo issued a note claiming Bank of America had shut him out of its earnings conference call, but sources say Mayo didn't call the special line reserved for analysts.
Steve Wynn Unbound
Once again, Steve Wynn didn’t hold back as he discussed the state of the U.S. economy, the President’s handling of economic issues and the Occupy Wall Street protest movement on Wynn Resorts' third-quarter earnings call with analysts.
Mayo Concedes He Dialed Wrong Number
Banking analyst Mike Mayo is now privately conceding that a wrong number was dialed last week that made it impossible for him to participate in a BofA conference call for analysts.
The Treasury Bank Behind Solyndra -- And Mortgage Bailouts
The Federal Financing Bank has been abused by federal agencies to finance pet projects.
BofA Plays Defense Over Debit Card Fees
Exclusive: Bank of America has launched a lobbying effort to defuse a PR firestorm over its decision to charge customers debit-card fees.
Banks Launch Internal Reviews to Prevent Rogue Trading
Fallout from the UBS rogue-trading scandal has prompted U.S. banks to launch probes of their compliance procedures that monitor trading activities.
Foreclosure Settlement Imminent, Bank Sources Say
Sources at Citigroup and Bank of America tell FOX Business that a potential $20 billion settlement could come as early as this week or next over improper mortgage practices and robosigning. A number of sticking points could still hang up the deal, these sources add.
Exclusive: Congress Plans Hearings on Volcker Rule
Congressional leaders plan to hold hearings on one of the more controversial parts of the Dodd-Frank financial reform known as the Volcker Rule.
Dept. of Energy's SunPower Loan Guarantee Under Fire
Here’s why people should be outraged at yet another Dept. of Energy guaranteed loan to a solar company.
CEO Confidence Declines Again, At Two-Year Low
The Conference Board’s measure of chief executive confidence declined further in the third quarter.



