According to the head of the FDIC, a “bad bank” system could jumpstart the US economy. Reuters reports that some economists believe that the US economy will start to rebound in the…
The Dow Jones industrial average, or DJIA, is perhaps the mostly widely recognized index in the world. When people talk about “The Market” in cabs and in bars, and on the phone,…
Andrew Cuomo spends most of his time running for the governor’s job in New York State. In his spare time he acts as Attorney General and will investigate and prosecute anything he…
Douglas A. McIntyre According to Reuters, Ford (F) will launch a major financial restructuring. Reuters reports that the US is launching a $75 billion plan to help troubled holders of US mortgages. Reuters reports that…
The Wall Street Journal decided to give Merrill Lynch, now part of Bank of America (BAC) a hard time for paying some of its investment bankers and traders more than $10 million…
Douglas A. McIntyre It seems that bond ratings agencies still have some merit, or at least investors still read what they write. Standard & Poor’s has lowered and reaffirmed some ratings for Bank of America…
Douglas A. McIntyre According to Reuters, too much dependence on government aid could cause a second recession when the companies are forced to stand on their own. Reuters reports that Obama is considering funds to…
Once a quarter, the FDIC does something which seems to have little purpose. It releases its list of “problem” banks. These are institutions which face a high risk of failure because of…
According to Reuters, Obama is prepared to put up to $750 billion into banks. Reuters reports that the government and Citigroup (C) has worked out an equity conversion deal that will give…
As the US government goes though the process of stress testing banks, it may want to be instructed by the lesson of RBS (RBS) which managed to loss $34 billion last year.…
Short sellers think financial stocks believe that financial stocks still have further to fall. Based on data as of February 15, short sellers kept a big bet on Citigroup (C). Share short…
According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect. Reuters says Obama is pushing for quick Wall St. reform. Reuters reports…
According to Reuters, Obama set out his goals in an address before Congress. Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract. Reuters reports that…
Management at AIG (AIG) has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded.…
The Wall Street Journal says that the federal government is in talks to put more capital into Citigroup (C) and may end up owning 40% of the big banks. According tothe paper,…
