November 19, 2010 *****The Market Feels Heavy *****Silver Eagle *****The Fed Fires Back Fellow Investor, The good vibes from the GM IPO and the bailout potential for Ireland took the S&P 500 back above support/resistance at 1,192. We'll see how long the good vibes last. Despite yesterday's...
Filed under: Filed under: Ian Wyatt, bailout, bank bailout, S&P 500, Federal Reserve, Fed, China, Bank of America, GM, Bernanke, General Motors, TARP, dollar, currency, silver, mining stock, PIMCO, IPO, silver price
Regulators and officials from 27 countries will meet in Basel, Switzerland to create a new series of rules they hope will avert future bank meltdowns. The basic issue is how much Tier 1 capital (cash and assets) banks need to have to provide a cushion against bad loans. The first step will be re-defining...