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…
Pendulums often swing too far in either direction. It has been shown that complete deregulation or total self-regulation leads to "Big Business Gone Wild." And now the pendulum in regulation over executive…
When Bank of America (BAC) bought Merrill Lynch, one huge retail brokerage team was married with a smaller one. Morgan Stanley (MS) will probably take over the Smith Barney unit of Citigroup…
While the battle between Bank of America (BAC) CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they…
Douglas A. McIntyre According to Reuters, Bank of America (BAC) and Merrill Lynch did agree on a bonus package for employees before the merger. There had been questions about the approval. Reuters reports that January…
