It’s that time again. Warren Buffett and Berkshire Hathaway, Inc. (NYSE: BRK-A) have filed with the SEC showing what the Oracle of Omaha owns in public stocks as of the quarter or…
When the House Committee on Un-American Activities began its investigations after WWII looking for communists in the US government, it might have had a semi-legitimate goal. That objective did not last long. …
There is not going to be much positive press today about the U.S. banking sectors. The top CEOs of America’s banks are going to testify before the House Financial Services Committee. Despite…
The failure of the banking and credit systems are happening faster than most analysts had predicted. RBC Capital yesterday predicted that 1,000 banks could fail in the US over the next two…
It seems that Uncle Sam via Treasury and via Congress is going to give the markets what they want. TARP, TALF, Bad Bank, aggregation, accounting rule exceptions, and the rest. If you…
The press has not learned, despite repeated experiences, that televangelists, medical researchers, elected politicians and chief executive officers are often incapable of telling the truth. That is not to say that they…
Bank of America Corporation (NYSE: BAC) is gapping up over 13% this morning. Keep in mind that there was already a huge recovery from yesterday’s lows that went under $4.00, but this…
Douglas A. McIntyre It is wonderful to watch boobs look back at history. It takes great skill to examine details and miss the obvious. The Congressional Oversight Panel which is reviewing how well TARP money…
According to Reuters, Democrats say that the Senate will pass the stimulus bill today. Reuters reports that Moody’s cut Toyota’s (TM) rating for the first time in 10 years. Reuters writes that…
Bank of America Corporation (NYSE: BAC) was already trading as though the options traders were placing a bet today “against nationalization” and now we are getting more news from the company. SEC…
Douglas A. McIntyre Bank of America Corporation (NYSE: BAC) has been the worst performer this year in the financial sector, or at least of all the large money center banks. The reasons are more on…
Douglas A. McIntyre Bank of America (BAC) hit another 52-week low today at $3.77. Wells Fargo (WFC) got close. The IMF said that that the banking crisis is far from over.
Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi’s…
According to Reuters, Wall St. workers face a bleak future. Reuters reports that the Senate has agreed to a soft "buy America plan." Reuters reports that the government needs an investment plan…
Bank of America (BAC) Falls to $4.72 on concerns that government might take over firm. Down from 52-week high of $43.81. GE (GE) Drops to $11.19 on concerns about recession and the…
