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Subject: Bank Indonesia

Bank Indonesia is the central bank of Indonesia. Bank Indonesia is currently being governed on an interim basis by Darmin Nasution. The last governor, Boediono, resigned due to his vice presidential candidacy in the Indonesian presidential election and his replacement has yet to be nominated by President Susilo Bambang Yudhoyono.
Finance minister Sri Mulyani Indrawati was proposed as a candidate to take over the Bank Indonesia governorship earlier in 2009, however is now likely to remain in Yudhoyono’s new cabinet .(Wikipedia Jan 2010)

Good and bad banks

Bank stress tests: aftermath and consequences

tarred and feathered

In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’.

This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power.

Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits.

Featured articles on inside pages

Stock buybacks

Buybacks + options + hedge funds

Stock buyback programs are a legalized form of market manipulation, sanctioned under SEC Rule 10b-18 and that serve to drive up the price of a company's stock and to give false value to executive stock options.
More ...

Securities Analysis

Jeff Skilling explains US corporate ethics

Unfortunately for society, Jeff Skilling of Enron told the truth according to tenets of moral relativism learned at the Harvard Business School and with McKinsey and Company, when, on being sentenced to decades in prison, he said, "That's the way the game is played. You win some, you lose some."
More ...

US Politics

Why Congress won't kill ACORN

Closely connected with President Obama, the ACORN group of "community organizers" has drawn censure from the Democrat-controlled Congress as a result of investigative reporting by James O'Keefe and Hannah Giles. More ...

US equities

Professor Siegel’s Epiphany

The topic "Baby Boom — Baby Bomb?" was debated by Michael Milken and Professor Jeremy Siegel in April 2006. This debate was featured in BusinessWeek in the article, "When Boomers Cash Out: A buy-and-hold legend sees tough times ahead." Professor Siegel is the guru of the Common Stock Legend.
More ...

US Bonds

The collapse of the dollar and US bonds?

The extreme spending of the Obama government, combined with irresponsible bank lending policies promoted by Barney Frank and Chris Dodd, portend rising interest rates, the collapse of the bond market, and the end of dollar supremacy. More ...

World Economy

Signs of US losing its groove?

Thirty years ago, US income from abroad was more than double the amount of income that the US paid to the rest of the world. This year, or the next, this foreign income surplus may disappear forever. Is the US 'losing its groove'? More ...

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Stock Quotes

DJIA10447.93  chart +1.24%
NASDAQ2233.75  chart +1.53%
S&P 5001104.51  chart +1.32%

Ftse 1005451.45  chart +0.43%
Dax6156.19  chart +0.35%
Cac 403685.44  chart +0.36%

Nikkei 2259301.32  chart +2.05%
Hang Seng Index21345.79  chart +1.78%
Straits Times Ind3025.65  chart +0.77%

Eur To Usd1.29  chart +0.77%
Usd To Jpy84.16  chart +0.77%
Gbp To Usd1.55  chart +0.77%

2010-09-03 16:02