Yesterday was a rather odd day in more than one way. The reaction to Goldman Sachs Group (NYSE: GS) was given a warm reception, despite the much wider losses than expected, the…
This is a very important week for earnings from brokerage firms (or the new bank holding companies). Tomorrow morning we have earnings from Goldman Sachs Group (NYSE: GS) and on Wednesday morning…
A man runs from a burning house covered with soot and with his hair and clothing aflame. A fireman stops him and asks, "What was your strategy for coming out of the…
According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its…
No matter how far down bank stocks go and how hard regulators try to keep short sellers out of financial shares, some of the smart money is willing to gamble that the…
John Thain of Merrill Lynch (MER) and John Mack of Morgan Stanley (MS) looked like men in hostage video tapes with guns held to their heads as they were forced to forgo…
Douglas A. McIntyre According to Reuters, The Tribune Company filed for Chapter 11. Reuters reports that Congress and The White House are close to a bill that would give Detroit modest loans. Reuters reports that…
The board of Merrill Lynch (MER) is fighting with CEO John Thain over whether he should get a bonus. The board will probably win. It is the board. And, since Merrill has…
Douglas A. McIntyre According to Reuters, a bailout of US car companies gained support in Congress as GM (GM) and Chrysler said they needed money immediately to stay in business. Reuters reports that Merrill will…
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week. The CEOs are…
Most industries get to spread out their bad news. The current exceptions appear to be the automotive and banking sectors.Some days they can be hit from three or four sides. An impression…
According to Reuters, US car sales are expected to be down sharply for November. Reuters reports that the global recession is hurting Asian factories. Reuters reports that the GM (GM) board is…
According to Reuters, Paulson has turned his back on giving insurance companies part of the bailout Reuters reports that Rio Tinto (RTP) is faced with selling assets, Reuters reports that the head…
In a home run for troubled credit markets, Goldman Sachs (GS) raised $5 billion with backing from the FDIC. It is likely that a number of other US financial firms will follow…
It was just this last summer that the heads of Merrill Lynch (MER), Lehman, and Morgan Stanley (MS) said the financial crisis had peaked and its energy was dissipating. It would be…
