News tagged with 'Financial Markets'

The creation of a Consumer Financial Protection Agency came one step closer to reality today with a House committee vote. The agency would regulate credit cards and home loans and tighten up the deregulation atmosphere that precluded the collapse of financial markets.

AIG, the global insurance company, had to hire guards and lock its doors following death threats upon the news that top executives will receive bonuses, as part of the taxpayer bailout. 

Social mobility is defined as children doing better financially than their parents. That is not happening in the U.S. according to a 30-nation economic report, “Growing Unequal," released this week. Look for the "American Dream" in Denmark, Sweden and Australia.