Wall Street is quietly cheering and encouraging the moves of a neophyte CEO. You would too, if you controlled the game.
There will always be individuals among us seeking alternative levels of consciousness through substance abuse. Our objective as a society is to reduce the impact that these people's self-abuse has on the rest of us.
The centerpiece of the Administration's rushed, colossal bailout and stimulus program is the taxpayer support of the nation's 20 largest banks.
Congress and the White House have left a moral dilemma for American taxpayers to resolve for themselves. Government has not shown diligence enough to install common sense agreements onto the multibillion dollar bailouts.
Consumer borrowing dropped by a record $7.94 billion in November, a Federal Reserve report showed on Thursday, the latest evidence that households were unwilling or unable to take on more credit.
If you financed a car with a small down-payment, there's a good chance you're upside-down on your loan, meaning you owe more than the vehicle's worth.
Assumptions are a foundation of society's functioning processes. As you travel at 55 miles an hour down a busy highway, you assume. You assume your automobile's wheels will not suddenly part ways and decide to retire in a roadside ditch.
"We have been exhorting so much out of your pockets for so long through slight of hand, guilt, ... no, make that fear, that we are led to enact a few rules that will do nothing for you.
A Ponzi scheme that swallowed up millions of Palm Beach County residents' savings continues to grow.
Nearer the apex of the pecking order are market savvy managers of large capital pools who accost both sides of financial transactions in monastic secrecy and with ascetic prudence. The nature of their game can get complex, and presents a kaleidoscope of diversity.
Cerberus has for years had a nasty reputation on Wall Street as a fierce player and hard nosed negotiator, which is its right. Everything Congress is not. In this game of risk, connections and being ruthless make all the difference.
As follow-up to a November 21, '08 article regarding signs that may reveal the direction that an Obama Presidency might take, the following presents another "tell." This one is less innocuous, but may prove to be more expensive to America.
Continue reading this entry ...
More revelations present an accurate view of the nature and attitude that can be expected from the Obama Presidency. Here is the second "tell."
One American serviceman died in Afghanistan in November, a dramatic drop from earlier months that the U.S. military attributed in �part to their campaign against insurgents.
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Text of Fed Chairman Bernanke's comments