101 Events That Rocked The World - A Timeline Of Significant Market Events.
2008 changed the global economic landscape. Unexpected events occurring in compressed time destabilized many Wall Street institutions. On Main Street, jobs were lost and small businesses stalled. And across the globe, stock markets retrenched as increasingly interconnected economies braced for a deep recession. As we reflect today on what...

GOP idea deserves a look.
Byline: The Register-Guard Senate Republicans are floating a proposal that would take the House-approved $819 billion stimulus plan in a new direction by attacking the problem that lies at the root of the worsening economic crisis - housing. Minority leader Mitch McConnell and other GOP senators believe...

Arrow Financial Corporation Elects Not to Participate in U.S. Treasury Department TARP Capital Purchase Program.
GLENS FALLS, N.Y., Jan. 27 /PRNewswire-FirstCall/ -- Arrow Financial Corporation announced that it has received preliminary approval for the sale of $20 million of preferred stock and related common stock warrants to the U.S. Treasury Department under the Troubled Asset Relief Program (TARP) Capital Purchase Program. However, Arrow, which...

Arrow Reports Record Earnings for 2008.
GLENS FALLS, N.Y., Jan. 21 /PRNewswire-FirstCall/ -- Arrow Financial Corporation ("Company") announced operating results for the three and twelve-month periods ended December 31, 2008. Net income for the quarter ended December 31, 2008 was $5.0 million, representing diluted earnings per share of $.47, up $.05 or 11.9% from the...

Securities Litigation and Consulting Group, Inc. Releases Updated 'Regions Morgan Keegan: The Abuse of Structured Finance' Documenting Asset-Backed Related Losses in Six Bond Funds and Related Misrepresentations.
WASHINGTON, Jan. 23 /PRNewswire/ -- Securities Litigation and Consulting Group, Inc. ("SLCG") has issued an updated report on six Regions Morgan Keegan (RMK) bond funds: Advantage Income Fund (RMA), High Income Fund (RMH), Strategic Income Fund (RSF), Multi-Sector High Income Fund (RHY), Select High Income Fund (MKHIX) and Select...

Oregon to receive housing assistance.
Byline: Joe Mosley The Register-Guard Oregon officials received word Thursday that the state will get $19.6 million in emergency federal funding to help ease the pain of high home foreclosure rates. The one-time grant is through the U.S. Housing and Urban Development Department's Neighborhood Stabilization...

TD Bank Financial Group Management Proxy Circular Now Available.
TDBFG's CEO total compensation reduced by 41% in 2008 TORONTO, Feb. 19 /PRNewswire-FirstCall/ -- TD Bank Financial Group (TDBFG) today announced that it has mailed its Notice of Annual Meeting of Common Shareholders and Management Proxy Circular to common shareholders of The Toronto-Dominion Bank. The document is...

Subprime Securities Litigation: Key Players, Rising Stakes, and Emerging Trends Part III of A NERA Insights Series.
Originally published July 3, 2008 By Dr. Faten Sabry, Anmol Sinha, and Sungi Lee Previous topics in this subprime lending series include: The Subprime Meltdown: A Primer Understanding Accounting-Related Allegations Understanding Accounting-Related Allegations Introduction The International Monetary...

Relaxed REMIC Requirements: IRS And Treasury Efforts To Address The Subprime Mortgage Crisis.
Expanded safe harbor rules allow real estate mortgage investment conduits (REMICs) and REMIC owners to modify certain residential mortgage loans while maintaining favorable tax status. Since the onset of the subprime residential mortgage crisis, there have been dramatic increases in mortgage loan defaults, foreclosures and calls for...

Credit crisis.
IN the summer of 2007, a growing heap of unstable subprime mortgages began to shake the US financial system. It took no more than a year after that for Wall Street to fall into the worst financial crisis since the Great Depression.The biggest investment banks have either folded or...