Implode-Explode Heavy Industries news feed http://implode-explode.com/ Tracking the many faces of the global credit implosion. en-us iehi-feed-56204 Mon, 02 Mar 2015 19:00:32 GMT MFI-Miami Calls On The FDIC To Fast Track Investigations Of Sterling National Bank http://implode-explode.com/viewnews/2015-03-02_MFIMiamiCallsOnTheFDICToFastTrackInvestigationsOfSterlingNationa.html iehi-feed-56203 Mon, 02 Mar 2015 15:03:59 GMT Greek debt becoming less sustainable http://implode-explode.com/viewnews/2015-03-02_Greekdebtbecominglesssustainable.html iehi-feed-56202 Mon, 02 Mar 2015 14:39:22 GMT Europe's largest gas field, Dutch, In Peril Due To Quakes http://implode-explode.com/viewnews/2015-03-02_EuropeslargestgasfieldDutchInPerilDueToQuakes.html iehi-feed-56201 Mon, 02 Mar 2015 14:32:33 GMT Ukraine Hyperinflates http://implode-explode.com/viewnews/2015-03-02_UkraineHyperinflates.html iehi-feed-56200 Mon, 02 Mar 2015 14:31:36 GMT With Downgrade, Chicago is on the verge of fiscal free fall http://implode-explode.com/viewnews/2015-03-02_WithDowngradeChicagoisonthevergeoffiscalfreefall.html iehi-feed-56199 Mon, 02 Mar 2015 14:28:13 GMT ​Catalonia prepares to set up own foreign missions, tax system amid independence drive http://implode-explode.com/viewnews/2015-03-02_Cataloniapreparestosetupownforeignmissionstaxsystemamidindepende.html iehi-feed-56198 Mon, 02 Mar 2015 14:24:53 GMT Creditors Face Losses as Austria Halts Hypo Alpe Support http://implode-explode.com/viewnews/2015-03-02_CreditorsFaceLossesasAustriaHaltsHypoAlpeSupport.html Hypo Alpe-Adria-Bank International AG creditors face losses after the Austrian government ruled out providing fresh capital and put the failed lender into resolution.

After 5.5 billion euros ($6.2 billion) of taxpayer money was injected into Hypo Alpe over five years, Chancellor Werner Faymann's administration decided on March 1 to stop supporting Hypo Alpe's bad bank, Heta Asset Resolution AG, when it was told Heta may need another 7.6 billion euros.

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iehi-feed-56197 Sun, 01 Mar 2015 21:29:30 GMT Hussman: Plan To Exit Stocks Within the Next 8 Years? Exit Now http://implode-explode.com/viewnews/2015-03-01_HussmanPlanToExitStocksWithintheNext8YearsExitNow.html iehi-feed-56196 Sun, 01 Mar 2015 21:17:41 GMT Italy's "Le Pen" draws thousands at rally in Rome http://implode-explode.com/viewnews/2015-03-01_ItalysLePendrawsthousandsatrallyinRome.html iehi-feed-56194 Sun, 01 Mar 2015 21:10:59 GMT Doral Financial in Puerto Rico Is (FINALLY) Shut Down by Regulators http://implode-explode.com/viewnews/2015-03-01_DoralFinancialinPuertoRicoIsFINALLYShutDownbyRegulators.html iehi-feed-56193 Sun, 01 Mar 2015 21:00:18 GMT University of Oregon results favors Obama's fiduciary standard for investment advisers http://implode-explode.com/viewnews/2015-03-01_UniversityofOregonresultsfavorsObamasfiduciarystandardforinvestm.html iehi-feed-56192 Sun, 01 Mar 2015 20:57:12 GMT Fed Vice Chair Fischer says rate hike most likely "June or September" http://implode-explode.com/viewnews/2015-03-01_FedViceChairFischersaysratehikemostlikelyJuneorSeptember.html iehi-feed-56190 Sun, 01 Mar 2015 15:26:43 GMT BREAKING BAD (DEBT) -- EPISODE TWO (Consumer Debt and Subprime Rises) http://implode-explode.com/viewnews/2015-03-01_BREAKINGBADDEBTEPISODETWOConsumerDebtandSubprimeRises.html iehi-feed-56189 Sat, 28 Feb 2015 16:41:58 GMT The euro may be riskier than you think - Alasdair MacLeod http://implode-explode.com/viewnews/2015-02-28_TheeuromayberiskierthanyouthinkAlasdairMacLeod.html iehi-feed-56188 Sat, 28 Feb 2015 16:39:20 GMT Greek PM says 'forget about third bailout' http://implode-explode.com/viewnews/2015-02-28_GreekPMsaysforgetaboutthirdbailout.html iehi-feed-56186 Fri, 27 Feb 2015 20:36:14 GMT 14,600 blighted properties demolished in Ohio under program http://implode-explode.com/viewnews/2015-02-27_14600blightedpropertiesdemolishedinOhiounderprogram.html iehi-feed-56184 Fri, 27 Feb 2015 20:02:29 GMT Greece runs out of funding options despite euro zone reprieve http://implode-explode.com/viewnews/2015-02-27_Greecerunsoutoffundingoptionsdespiteeurozonereprieve.html Shut out of debt markets and faced with a steep fall in tax revenues, Athens is expected to run out of cash by the middle or end of March. Its finance minister has warned that Greece will struggle to repay creditors starting with a 1.5 billion euro IMF loan repayment due in March.

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Greece had also hoped it could tap the almost 11 billion euros of leftover money in the Greek bank stabilization fund, but euro zone finance ministers have decided the money would be returned to the Luxembourg-based euro zone bailout fund.

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A senior Greek banker said the expectation in Athens remained that the ECB would relent and allow some leeway on T-bills.

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The onus is now on Athens to rush through reforms to unlock the remaining aid.

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iehi-feed-56183 Fri, 27 Feb 2015 19:48:55 GMT Can a Stock-Trader-Turned-Convict Start a New Life? (THE STORY OF ROOMY KHAN) http://implode-explode.com/viewnews/2015-02-27_CanaStockTraderTurnedConvictStartaNewLifeTHESTORYOFROOMYKHAN.html Since January 2008, as Roomy had ostensibly been going about her usual business -- analyzing companies, gathering snippets of privileged corporate intelligence and deciding which stocks to buy and sell -- she was secretly assisting the F.B.I. in a long-running investigation into insider trading at Wall Street hedge funds. Khan was the right woman for the job: Since about 2006, she herself had been trading on inside information. When the F.B.I. caught up with her, she began helping them -- at first reluctantly and then with theatrical flair. She taped telephone calls with her bosses, business associates and even a neighbor. Most important of all, she taped calls with her ex-boss, Raj Rajaratnam, whom the government had been eyeing for a decade.

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I met Khan in Fort Lauderdale, Fla., in September, five months after she was released from prison and three months after she was transferred from a halfway house to her own home. I wanted to understand how a highly intelligent woman like Khan -- she has a degree in engineering, two in physics and an M.B.A. from the University of California, Berkeley -- wound up committing a crime like this. What sorts of calculations had she made to convince herself that the benefits of cheating outweighed the possible costs?

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In February, she received a rejection [from Wharton business school], but she's waiting to hear from several other schools. If she doesn't get in anywhere, she would like to write a book, perhaps go on the lecture circuit, sharing with aspiring traders and business people the cautionary tale of her easy slide into committing crimes

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iehi-feed-56182 Fri, 27 Feb 2015 17:18:43 GMT Greek Gov't raises concern over payment to IMF in March http://implode-explode.com/viewnews/2015-02-27_GreekGovtraisesconcernoverpaymenttoIMFinMarch.html iehi-feed-56181 Fri, 27 Feb 2015 16:26:00 GMT The US recovery story is a fraud: SocGen's Edwards http://implode-explode.com/viewnews/2015-02-27_TheUSrecoverystoryisafraudSocGensEdwards.html