FP Trading Desk submits: The last bastion of safety for bank dividends has to be with Canadian banks. The economic recession is laying siege to their gates, but so far dividends are intact and will remain that way according to a recent report by Canaccord Adams – assuming the “poor earnings” scenario does not last into 2011. The $1.1-billion payout to Bank of Montreal (BMO) by the U.S. government in the wake of the [[AIG]] bailout is evidence that BMO took in at least one Trojan horse when i

Bad credit auto loans can be available for all kinds of bad credit borrowers including those who have CCJ, IVA, arrears, defaults and bankruptcy.The name, bad credit new auto loans, does not enhance the possibility of a higher amount. You can always make the loan your pocket friendly.

With the rough economic times facing all of us, many consumers have been shocked to find that credit card companies and lenders have increased the cost of borrowing by charging higher interest rates. In October, 2008, for example, customers of Alliance and Leicester found that the repayment terms for their credit cards from this lender increased from the lesser of 3% of the outstanding balance or £5 to the greater of £25 or £5 in addition to the interest charges. Making the minimum monthly pay

Standard & Poor's Ratings Services on Tuesday lowered its corporate credit rating on General Growth Properties Inc. below junk status, citing the debt-laden mall operator's default on some of its credit agreements.

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ArborWiki | Susan Pollay (tags: a2DDAmage DDA local Ann-Arbor politics openness our-tiny-time-of-troubles ) The Size of Derivatives Bubble = $190K Per Person on Planet "According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland — the central bankers' bank — the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion. The main categories of the USD 1

The Wall Street Journal tells us tonight something that is pretty obvious: hedge funds were often buyers of AIG credit default swaps, either directly, or indirectly, by purchasing structured products that had AIG guarantees, such as collateralized debt obligations. While this report falls in the camp of peeling away yet another layer of AIG's practices, as opposed to being novel, it does focus attention on the use of CDS to place speculative bets. If the public were to take offense at the idea

Far be it from me to discourage the current populist outburst over the $165 million in employee bonuses paid out by American International Group, but I can’t avoid the feeling that this is drawing attention away from a much larger outrage. The bonus controversy erupted just as AIG was forced to reveal the identities of the parties that were the biggest beneficiaries of the federal government’s massive bailout of the insurance company last fall. Billions of federal dollars flowed through AI

The good One of, if not the, most affordable 24-inch all-in-one PCs Twice as much hard-drive space as older models Fast Nvidia graphics chip makes the iMac a capable gaming system Best-in-class multitasking performance iLife digital media suite comes standard The bad Fewer interesting hardware features compared with recent Windows-based all-in-ones You may find Apple's new AU$2,499 iMac attractive, if only because it's one of the most affordable 24-inch all-in-one PCs on the

China's wake-up call for U.S. Lectures from foreign governments are not something Americans — or anybody else for that matter — take kindly to. But a mild scolding that Chinese Premier Wen Jiabao dished out last week is worth heeding. It was a marker of how years of irresponsible borrowing have not only endangered Americans' living standards but also made the country vulnerable to the whims of others. Wen simply said he was concerned about the value of the $1 trillion his government has loane

In the States overnight everyone went gaga over the news that construction of new U.S. houses rose in February by 22% over the January rate. That's an annual rate. So we'll see how it goes. It had been down six months in a row. Who knows why stocks really rally? But it probably wasn't the housing news. Prices continue to decline in the U.S. market. Inventories are high. And there is still the matter of millions of Option ARM loans that are still nestled deep in the bowels of the global financi

I think, as a whole, we’re missing the boat on AIG. Yes, the bonuses in the face of failure, catastrophic failure, is difficult to wrap our minds around what let’s just step back for a minute and look at the greater picture. We, the American taxpayers, owned 80% of AIG. AIG is a huge insurance and financial services company. It seems to me, as majority owners of the company, that we need to figure out what is good in this company and sell off or close or liquidate the rest of the company. Th