On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity and to move the…
According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by the Fed.…
According to Reuters, Obama is prepared to put up to $750 billion into banks. Reuters reports that the government and Citigroup (C) has worked out an equity conversion deal that will give…
GM (GM) posted a loss of $9.65 a share for Q4 2008 compared to analyst forecasts of a $7.40 loss. Under most circumstances, that would be terribly bad news. For the full…
Douglas A. McIntyre Short sellers think financial stocks believe that financial stocks still have further to fall. Based on data as of February 15, short sellers kept a big bet on Citigroup (C). Share short…
According to Reuters, Obama is pushing for a new health-care plan which will take ten years to fully take effect. Reuters says Obama is pushing for quick Wall St. reform. Reuters reports…
The federal government has seen fit, perhaps appropriately, to cap the pay packages of bankers and will probably do the same with auto company executives. What has not been limited so far…
Douglas A. McIntyre According to Reuters, Obama set out his goals in an address before Congress. Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract. Reuters reports that…
Ford (F) has come to an agreement with the UAW which will cut the car company’s costs enough so that it can afford to pass on taking any money from the federal…
According to Reuters, the US government may take a 40% interest in Citigroup (C). Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM). Reuters reports that a…
Citigroup (C) Worries about bank nationalization take shares to $1.61 from 52-week high of $27.35. Bank of American (BAC) Ditto. Down to $2.53 from 52-week high of $43.50. Wells Fargo (WFC) More…
Will GM (GM) and Chrysler file for protection from creditors, their unions, and supplier costs? Now there is a recent precedent to do so, maybe they are more likely to. Saab went…
Douglas A. McIntyre Does the economy get worse from here or do the government programs recently signed into law increase confidence and start to put capital to work to create jobs and build businesses? In…
According to Reuters, Allan Stanford was found in Virginia. Reuters reports that the stimulus is unlikely to fix state problems. Reuters writes that US consumer prices probably moved up in January.
Toyota (TM) wants GM (GM) to go out of business. Then the Japanese car company could take the No.1 market share position in America, perhaps over 25%, and make a fortune when the…