According to Reuters, former Citigroup (C) CEO Sandy Weill may start a fund to invest in distressed financial companies. Reuters writes that Amazon (AMZN) turned in a weak forecast hurting its stock.…
No matter how badly the economy is doing and what shareholders in American financial firms have lost, it would be a shame to see investment bankers go without their bonuses. According to…
Most corporations have bylaws about how many board members they must have. The federal government requires that boards of directors keep enough outside members to maintain independent audit and compensation committees. Ford…
The New York Times has a new writer, at least for a day. Warren Buffett has written an op-ed piece for the paper titled "Buy American. I Am." to shore up some…
One size fits all. That is the reasoning behind Treasury’s plan to invest money in a number of large banks by purchasing preferred shares. Jamie Dimon of JP Morgan (JPM) and Lloyd…
It has long been thought that Goldman Sachs Group Inc. (NYSE: GS) was going to escape this credit crisis mostly unscathed and that the firm would never have capital issues. The good…
Douglas A. McIntyre According to Reuters, the US is looking at guaranteeing billions of dollars of bank debt and temporarily insuring all bank deposits. Reuters reports that Citigroup (C) has ended talks about taking over…
As long as companies in the "smokes" business are not being sued by dead people who used their products, it is a hell of a business. Operating margins can run above 20%…
GE (GE) is raising $15 billion, some of it from Warren Buffett at usurious rates. In many states his actions would have been illegal. Why does GE need the money? No so…
General Electric Co. (NYSE: GE) is coming out swinging to halt the offensive rumors and credit concerns that have been hindering its stock. The company made two key announcements to fight this. …
Now that the Congress has voted against the Treasury bailout and the Dow has dropped700 points, the important question is whether they system can save itself before the market moves toward 9,000.…
According to Reuters, Congress is ready to vote on a $700 billion financial bailout package. Reuters reports that Belgian-Dutch group Fortis was nationalized Reuters reports that British mortgage lender Bradford & Bingley…
There is one interesting irony in this whole financial meltdown which goes which many will not want to admit. Citigroup Inc. (NYSE:C) and the financial supermarket model may actually be emulated by…
The Treasury is making the case that the financial industry needs $700 billion to take toxic assets off bank balance sheets. This should free up liquidity and ease credit problems. Treasury Secretary…
According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage…
