“Financial crisis” on The Daily Caller

BRUSSELS (AP) — Tens of thousands of workers marched Wednesday through the streets of Europe, decrying the loss of jobs and benefits they fear will come with stinging austerity measures seeking to contain government debt. (more)

MILL HALL, Pa. (AP) — For many in this stretch of rolling forests, small towns and dairy farms, images of the two U.S. Senate candidates are shaped by the steady stream of television commercials that cast Democrat Joe Sestak and Republican Pat Toomey as extremists who are wrecking the economy. (more)

WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system. (more)

NEW YORK (AP) — The 10 banks that received the most bailout aid during the financial crisis spent over $16 million on lobbying efforts in the first half of 2010, as the debate over financial regulatory reform reached its height. (more)

How long is too long to be paid to go without a job? (more)

LONDON (AP) — The results are in: Only seven of 91 European banks flunked the “stress tests” aimed at clearing up market fears about the strength of the continent’s banking system amid the debt crisis. (more)

LONDON (AP) — Ninety-one banks. Twenty countries. One exam. So who’s going to flunk the European stress test? (more)

Wall Street’s banditry was the proximate cause of the Great Recession, not its underlying cause. Even if the Street is better controlled in the future (and I have my doubts), the structural reason for the Great Recession still haunts America. That reason is America’s surging inequality. (more)

DUBLIN (AP) — The Moody’s agency cut Ireland’s credit rating Monday, citing the country’s swelling national debt, the unpredictable cost of its bank-bailout plans and its weak growth prospects for the next three to five years. (more)

WASHINGTON (AP) — In the end, it’s only a beginning. (more)

Janet Yellen, the president’s pick to be the second-highest ranking official at the Federal Reserve, acknowledged Thursday that regulators were slow to crack down on risky banking practices that stoked the 2008 financial crisis. (more)

LISBON, Portugal (AP) — Moody’s credit rating agency downgraded Portugal’s debt on Tuesday, casting fresh doubt on the country’s ability to weather its debt crisis as the economy weakens. (more)

BRUSSELS (AP) — European Union finance ministers are under pressure at Monday talks to fix a compromise with EU lawmakers over new financial oversight agencies due to be set up at the end of the year. (more)

PAMPLONA, Spain (AP) — Hordes of humans will sprint ahead of thundering beasts this week at Pamplona’s famed running of the bulls, but Spain’s most storied fiesta is being overshadowed by a crisis in the bullring. (more)

NEW YORK (AP) — No matter where they look, investors are seeing economic trouble. (more)

People think of investing as a private matter. The goal is to finance your personal retirement. You make your choices and you live with the results. It’s not the place of the larger community to protect you from making bad decisions or to encourage you to make good ones. When you invest, you are on your own. (more)

Financial crises can be very difficult events to understand. Even for those who have spent a great deal of time studying such areas as finance and economics, comprehension of these disasters can be elusive. However, analyzing shared elements in the recent American and Greek financial crises can help give even the economic layman insight into their common causes. (more)

BERLIN (AP) — The aviation industry could recover within two years from the global economic downturn, as growth in the U.S. and Asia offsets weaker demand in Europe, the head of the International Air Transport Association said Thursday. (more)

LONDON (AP) — Europe’s governments are struggling to deal with a mountain of debt made worse by the past three years of global financial and economic turmoil. (more)

MADRID (AP) — Parliament approved emergency measures to cut Spain’s soaring deficit by only one vote Thursday, saving the Socialist government from an embarrassing defeat but revealing the depth of resistance to austerity plans aimed at resolving Europe’s debt crisis. (more)