Secretary Geithner has been late to every party he has attended since talking over Treasury. His plans have often been tardy and full of holes. He seemed to redeem himself with the…
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…
Citigroup (NYSE: C) and General Motors (NYSE: GM) were removed from the The Global Dow, a relatively new index from Dow Jones Indexes, the same group that puts together the much-more imporant…
In early March, the financial news began to turn good, Citigroup (C) said it has been profitable for the first two months of the year. There were several M&A deals in which…
Douglas A. McIntyre 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…
There is nothing wrong with regulatory agencies and regulations for that matter. It is what keeps four-year-olds from becoming airline pilots and orangutans from being airline mechanics. The theory behind regulation is…
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…
Secretary Tim Geithner designed a plan to assist the largest banks to rid themselves of toxic mortgage assets, but now Citigroup (NYSE: C) and Bank of America (NYSE: BAC) are aggressively buying…
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…
Maybe Wall St. is not so in love with the Treasury’s plan to buy toxic assets after all. Citigroup (C) is trading at $2.86 this morning, which is where it changed hands…
In most large American cities there are office buildings which sit half finished in their financial districts. There are still huge cranes next to some of them. If the construction on a…
Douglas A. McIntyre According to Reuters, the House passed a bill that would tax AIG’s (AIG) and some other bonuses by 90%. Reuters reports that the US gave auto suppliers a $5 billion lifeline. Reuters…
If you thought that lavish spending was over on Wall Street, there is going to be a new point of outrage this morning for all the whiners. Citigroup Inc. (NYSE: C) is…
Douglas A. McIntyre If you thought things were going to get quiet at Citigroup, Inc. (NYSE: C) after the 200% run up of late, they aren’t if this morning’s news comes to fruition. The company…
Douglas A. McIntyre