![]()
- Commodity ETFs: Returns May Not Match Expectations
- Housing: 'Shadow Inventory' Dwarfs Loan Modifications
- Home Prices Decline Further In Most Parts of US
- UBS Faces Roadblock in Poaching More BofA Talent
- Jobless Rate to Hit 10.5%, Keeping Fed in Box: Poll
- Credit Card Firms Squeeze Customers as Rules Loom
- 'Thriller' Art: Warhol's Jackson Work Could Net $700,000
- Health Reform Does Little to Contains Costs: Analysts
- Ponzi Proceeds: Bidding on Madoff's Toys
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- The Lloyd's Prayer
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- If Mickey Mouse Has to Change—What Does That Say About You?
- S&P Stocks Trading at New 52-Week Highs
- Passive Job Search Strategies
- Back Off, Regulators!
MOST SHARED
- Health-Care Reform Does Little To Contain Costs: Analysts
- If Mickey Mouse Has to Change—What Does That Say About You?
- Trader Tax Sound Off
- S&P Stocks Trading at New 52-Week Highs
- Treasurys Flat as 30-Year Auction Takes Focus
- Commodity ETFs: Returns May Not Always Match Expectations
- Hottest Zip Codes for Home Prices
- MBIA Shares Plunge in Wake of Earnings
- CNBC EXCLUSIVE: CNBC MEDIA ALERT: CNBC'S MARIA BARTIROMO SPEAKS WITH STARBUCKS CEO HOWARD SCHULTZ TODAY ON "CLOSING BELL"
The U.S. government has to come up with more broad-based solutions to the financial crisis, following the example of the UK which pledged to part-nationalize financial institutions to defend its banking sector, billionaire investor Wilbur Ross told CNBC on Friday.
"I think the government needs to drop another shoe, one big bold set of things and get it out of the way," Ross said. "Bold, conclusive action is what is needed from the part of the government."
"I would like them to invite the private sector to participate," he said.
The U.S. government is weighing guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits, in a bid to unfreeze bank lending and staunch massive losses in equity markets, the Wall Street Journal reported.
On Wednesday, Britain said it would inject 50 billion pounds ($87 billion) of emergency capital into banks left reeling by the global financial crisis in exchange for preferred shares and extend 250 billion pounds in guarantees to help them refinance senior debt.
![]() |
The world economy cannot afford another big bank failure, some analysts have been saying.
"In retrospect, letting Lehman go was an expensive decision. I think what happened they didn't realize the true connections," Ross said.
- From politicians to CEOs to companies, here's your chance to vote for the winners and losers of 2009.
- If you are lucky enough to have money and the time, this is a great time to see America, says CNBC's Jane Wells.
- What’s powering your microwave, fridge and computer? Part of it is fuel from Russian nuclear weapons. The NYT reports.
- One author sees lessons for you in Disney’s recent Makeover of Mickey Mouse: “Nice” doesn’t always win.
- With 123 years of history, slogans and commercials, Coca-Cola is the most recognized brand on earth.
- The opening of a virtual pet store in “World of Warcraft” could prove a cash bonanza for Activision-Blizzard.











