According to Reuters, some members of Congress were unhappy with Defense budget cuts. Reuters reports that Americans are more optimistic about the economy since Obama came into office, according to a New…
Did you think that American International Group Inc. (NYSE: AIG) was a cluster-something on the bonus front? The ‘retention’ bonuses of some $210 million that Fannie Mae (NYSE: FNM) and Freddie Mac…
Douglas A. McIntyre According to Reuters, Congress passed the Obama budget Reuters reports that cautious optimism greeted plans from the G-20 summit. Reuters reports that banks are considering buying toxic assets sold by other banks.…
According to Reuters, the G-20 began the work of addressing the economic crisis. Reuters reports that US auto sales may have bottomed. Reuters reports that the House backed new laws for pay…
According to Reuters, Obama demanded that the G-20 find solutions to the global financial crisis. Reuters reports that a bankruptcy for GM (GM) and Chrysler could be a long, drawn-out process. Reuters…
According to Reuters, the Administration has forced GM (GM) CEO Rick Wagoner out of his job. Reuters reports that in an FT interview Obama said the G-20 nations should send a strong…
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial…
American International Group Inc. (NYSE: AIG) looks to be in the soup again. Reports of two top executives in Paris quitting the firm may leave AIG with a big black hole that…
Douglas A. McIntyre According to Reuters, Obama may be stretched to thin. Reuters reports that AIG (AIG) executives in Europe are resisting returning bonuses. Reuters reports that Obama will begin to tighten the screws on…
We are still seeing many auditor notes containing a “going concern” doubt about companies and their ability to continue operations without added funding or business changes. Last week,we outlined many household names…
Douglas A. McIntyre Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled. As of March 15, shares short…
According to Reuters, Obama said that the recession would be halted by government efforts. Reuters reports that Treasury wants broad new powers to wind down troubled non-bank financial firms. Reuters reports that…
If you trust your government and its officials in what they say regarding the overall health of the system, there may be some good news out there on a systematic-risk basis regarding…
Douglas A. McIntyre According to Reuters, a number of AIG (AIG) employees gave back their bonuses. Reuters reports that economist Martin Feldstein said the recession may last well into 2010 and the government may have…
According to Reuters, the US will woo private capital to get buyers for bank toxic assets. Reuters reports that US shoppers are likely to remain frugal. Reuters reports that US car dealers…
