5:43am ET
Investing
Asking The SEC To Do Everything
Down in Washington, a bunch of Congressmen who lost their jobs and bunch of others taking lobbying money under the table for a piece of the bailout fund, are drawing and quartering…
C Coverage Page 114
9:30am ET
Investing
Deutsche Bank Cuts Estimates On Citigroup (C) On Loan Losses
Deutsche Bank said the biggest issue U.S. banks will face in 2009 is loan losses. The firm expects commercial bank loan losses for the industry to increase from 1.5% (3Q08) to 3%…
Douglas A. McIntyre 7:01am ET
Investing
2009 Dogs Of The Dow, Mostly Dogs In 2008 (AA, T, BAC, C, DD, GE, JPM, MRK, PFE, VZ)
It looks like we have our most likely candidates for the "Dogs of the Dow" for 2009. This is often misunderstood as an investment vehicle. These are the 10 highest dividend-yielding stocks…
8:50am ET
Banking, finance, and taxes
Citigroup (C): Cutting Bonuses For The Rich
The average man on the street would view giving up millions of dollars in bonus money for a hard year of work as a tremendous sacrifice. Vikram Pandit, CEO of Citigroup (C),…
5:40am ET
Media
Media Digest 1/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg (GM)(C)(IBM)(TWX)(VIA)(WFC)
According to Reuters, Wall St. closed its worst year since The Depression. Reuters reports that GMAC did not hit its goal of trading debt for equity and cash. Reuters reports that GM…
3:44pm ET
Banking, finance, and taxes
SEC’s Cox Looks Back In Anger
No one seems to have liked that way SEC chief Christopher Cox handled his job during the financial crisis. Congress thought he should have done more to keep banks and investment houses…
9:49am ET
Investing
Corporate Profits: Six Quarter Decline With Worst To Come (AAPL)(C)(XOM)(TWX)
A Bloomberg review of the S&P 500 stocks shows that the fourth quarter of 2008 will probably be the sixth quarter of declining earnings. According to the news service, "Fourth-quarter profit at…
7:31am ET
Banking, finance, and taxes
A Mistaken Vote For US Banks (FRE)(FNM)(C)(WFC)(BAC)
At some point all stocks get too cheap. Enron go too cheap. So did Fannie Mae (FNM) and Freddie Mac (FRE). The next round of company shares that appear to be bargains…
9:27am ET
Investing
Projecting The 2009 Dogs of the Dow (AA, T, BAC, C, DD, GE, JPM, MRK, PFE, VZ)
The Dogs of the Dow are often misunderstood as an investment vehicle. These are technically the 10 highest dividend-yielding stocks out of the 30 DJIA components. The formal list of the ten…
4:03am ET
Investing
Shorts Up Bets Against Healthy Banks And Big Industrials, Move Out Of Tech (AAPL)(C)(GE)(F)(INTC)(MSFT)(YHOO)
If investors had a notion that short sellers were going to stay in big financials, they were wrong. Short interest in the weakest companies in the sector dropped. Shares short in Citigroup…
5:27am ET
Banking, finance, and taxes
Do Bank Of America (BAC), JPMorgan (JPM), And Wells Fargo (WFC) Kill Dividends?
Last October, Bank of America (BAC) cuts its dividend in half to $.32. Citigroup (C) has taken its down to a penny a share. There are not may reasons to invest in…
8:54pm ET
Jobs
The Layoff Kings: The Companies That Cut The Most In 2008 (C)(HPQ)(T)(GM)(BAC)(SBUX)(WFC)(DOW)(JAVA)(JPM)(AMR)(MRK)
People who get to the end of 2008 and are still at work can be thankful. The unemployment rate will probably be over 7%. That does not count the people no longer…
7:48am ET
Housing
Barney Frank To Paulson: Do It My Way (C)(BAC)
Most members of Congress are still remarkably upset that Paulson too the first half of the TARP money and used it for purposes much different than the ones he first set out.…
10:49am ET
Economy
Paulson Pressures Congress To Hand Over TARP Balance, He May Need It (C)(BAC)(WFC)
Henry Paulson wants the $350 billion still left in the TARP funding from Congress. He says the last part of the first $350 billion is going to Detroit. His logic seems to…
6:54am ET
Banking, finance, and taxes
Posted Without Comment: S&P Cuts Every Bank In The Universe
According to MarketWatch, "Standard & Poor’s cut the credit rating or outlook of 12 major U.S. and European financial institutions Friday, saying the move reflected its view of the significant pressure on…