It’s only a matter of time, Cramer said.
Cramer thinks he might be.
If all goes well, the world will be a slightly safer place after top central bankers and bank regulators emerge Sunday from meetings in Basel, Switzerland. The New York Times reports.
And now they're trying to screw up Basel III.
Any set of regulations that seeks to cover something as complex as the global banking system inevitably will have unintended consequences. And even well-wrought regulations cannot easily adapt to changing circumstances.
The US economy will slow in the second half but return to more normal growth in the first half of 2011, James Bullard, president of the St. Louis Federal Reserve, told CNBC Thursday.
The United States fell two places to fourth position behind Switzerland, Sweden and Singapore in this year's World Economic Forum's "Global Competitiveness Report."
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The new rules that will be imposed on banks to ensure a crisis like the one that started in 2007 will not be repeated are necessary, but they will take time to implement, Unicredit CEO Alessandro Profumo told CNBC at a banking conference in Frankfurt.
Western governments are bankrupt, Ruth Richardson, ex-New Zealand finance minister whose austerity cuts were dubbed "Ruthanasia," warned in a CNBC interview.
The Irish economy is back in focus for investors across the world, after the former Celtic Tiger extended guarantees to its banking industry and depositors.
The "Mad Money" host explains his plan to create jobs and reduce the deficit.
The for-profit education industry has come out swinging against proposed changes in rules by the Education Department that could curtail government financial aid.
The Wall Street Journal has been analyzing the results of the European banking stress tests and wrote in a story published Tuesday that "some banks didn't provide as comprehensive a picture of their government-debt holdings as regulators claimed."
"No actor, no product, no sector, no territory should no longer be able to escape sensible and intelligent regulation and supervision," Michel Barnier, the EU Commissioner for financial services, warned in an interview with CNBC.
A Huge Problem with Basil III.
The famed money manager explains what he thinks is the best way to trade this market.
Two years on from an inglorious end, in the financial press the phrase “since the collapse of Lehman Brothers” still turns up in articles on a daily basis. It marks a key point in history, the end of a spectrum that began with the fall of the Berlin Wall nearly twenty years earlier and during which the free-market experiment was handed every chance to succeed. So how come Lehman Brothers fell when it did?
A stronger yen is good news for German machinery and auto companies whose main competitors often are based in Japan. The New York Times reports.
As for-profit college scrutiny increases, executive compensation at these companies may be worth a look.