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  Monday, 7 Feb 2011 | 11:21 AM ET

The Dizzying Complexity of Eurozone Debt

Posted By: Ash Bennington
Medioimages | Photodisc | Getty Images

The scariest part about not understanding an article about European sovereign debt is this: The realization that people making policy may not understand it either.

Earlier today, I linked to an article from Bloomberg about quantitative eas

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  Monday, 7 Feb 2011 | 9:55 AM ET

Pat Toomey: 'Default Not Inevitable'

Posted By: Lori Ann LaRocco

The sands in Uncle Sam's debt ceiling hourglass are sliding down. Between April and May, according to Treasury Secretary Timothy Geithner, we will have exhausted the nation's borrowing authority.

Junior Senator Pat Toomey (R-PA) is hoping his "Full Faith and Credit Act" will be the answer. Geithner, however, has called the bill "quite harmful."

What Toomey's billwould do is force the Treasury prioritize payments, paying off debt first and then paying for programs like Social Security. If passed, it would allow the US to hit the debt ceiling without automatically triggering a default on the nation's debt. The bill has support from the House Republican Study Committee but with such harsh words from Treasury and from some Democratic Leaders, the act faces an uphill battle on Capitol Hill. I caught up with the Senator and talked about all things budget reform and tax reform.

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  Monday, 7 Feb 2011 | 9:17 AM ET

Meredith Whitney Stands by Her Dire Muni Land Predictions

Posted By: Ash Bennington

Geithner attempts to hash through capital control issues in Brazil. [CNBC]

Guess what? Monetary policy isn't a precise science with easily predicted results . [Bloomberg]

SEC lawyers—who missed Madoff crimes—get major hookups at private law firms [NY Post]

Santander bids on Polish bank. [DealBook]

"Nile Revolution" isn't going away. [Reuters]

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  Friday, 4 Feb 2011 | 4:51 PM ET

Ignoring—Warning—Signs—About—Madoff is The New Black

Posted By: Ash Bennington
  Friday, 4 Feb 2011 | 4:35 PM ET

Will Fannie Mae Take Over Freddie Mac?

Posted By: John Carney
CNBC

Obama administration officials are hard at work preparing a white paper on overhauling the nation's housing finance system. Next week they are expected to make a major announcement about Fannie Mae and Freddie Mac, the two mortgage companies the government took over in the summer of 2008.

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  Friday, 4 Feb 2011 | 3:56 PM ET

Diamonds Are A Dictators Best Friend?

Posted By: Ash Bennington
Diamonds
Jeffrey Coolidge | The Image Bank | Getty Images
Diamonds

With all the talk of 'regime elements' and wealthy businessmen fleeing Egypt, I've been thinking about gold and diamonds a lot lately.

We hear of dictators stashing large quantities of gold: For example, stories of Saddam Hussein's gold stash have achieved quasi-mythic proportions—George Clooney even starred in a film based on the premise.

But why not diamonds?

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  Friday, 4 Feb 2011 | 3:28 PM ET

It's Friday, Here's A Treat.

Posted By: Cadie Thompson

This hedge fund applicant holds nothing back on his resume, especially his love for flair. Thanks DealBreaker for sharing.

»Read more
  Friday, 4 Feb 2011 | 2:51 PM ET

What You Missed at Davos: A Moment With The Gates

A tender moment between Bill and Melinda Gates insde the Congress Centre at the World Economic Forum this week.

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  Friday, 4 Feb 2011 | 2:09 PM ET

Blame It On The Snow?

Posted By: John Carney
Darren McCollester | Getty Images

Can anyone explain why it makes any sense at all to blame the weather for the job creation falling so far short of expectations?

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  Friday, 4 Feb 2011 | 1:37 PM ET

Charlie Don't Surf at BNY Mellon

Posted By: Ash Bennington
Bank of New York Mellon
Getty Images
Bank of New York Mellon

Charlie don't surf—and he don't tell the truth about his FX trades at Mellon either.

At least not according to allegations from a whistleblower group.

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