What a list! $25 Billion for WFC??? I thought they were supposed to be in the best shape of all.
http://www.msnbc.msn.com/id/28316652/
It is downright frightening to go down that list and see many many banks you’ve never heard of getting $100 Million++ of our tax payer dollars.
This can only mean that people like Roubini and Jim Rogers [...]
1. Reinvest Your Profits: When you first make money, you may be tempted to spend it. Don’t. Instead, reinvest the profits. Buffett learned this early on. In high school, he and a pal bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines until they had eight [...]
Bob Woodward, Watergate Scandal author, plans to write a book.
“The crimes took place” on many levels. Bush cronies “Looked the other way” so it was undetected.
1. Low interest rates, no mortgage regulations by Greenspan and a flood of funds made it attractive for Investment Banks to offer “TRICK” adjustable High Fee mortgages combined with second [...]
By Dawn McCarty
Nov. 11 (Bloomberg) — National Wholesale Liquidators Inc., a family-owned discount retailer, sought bankruptcy protection from creditors without giving a reason.
The company, based in West Hempstead, New York listed assets and debt of $100 million to $500 million each in Chapter 11 documents filed yesterday in U.S. Bankruptcy Court in Wilmington, [...]
When the DOW went to 14,000, it set a new price high but, the value, what you could buy if you sold the DOW at 14,000, wouldn’t buy you what it would when it peaked in 2000.
We could see DOW 50,000 within a year if the G-20 meeting were to announce a new global currency [...]
(MANILA, Mon): Trading was halted on the Philippine Stock Exchange today after shares plunged 10 per cent, triggering an automatic cool-off period, dealers said.
Meanwhile, the Philippines peso sank to its lowest level against the US dollar in nearly two years in early trading, forcing the central bank to intervene, dealers said.
After ending at 48.991 to [...]
Financial News: Banks Part Company With Derivatives Traders
Last Update: 6/8/2008 8:10:42 PM
By Renee Schultes and Natasha de Teran
Of FINANCIAL NEWS
A London-based equity derivatives trader at Morgan Stanley (MS) has left the bank
after questions about how valuations were used in his trading book.
His exit is the latest in a series of suspensions and departures at banks [...]
Barrick Gold Posts Stronger 1Q Net On Higher Prices >ABX
Last Update: 5/6/2008 8:34:38 AM
DOW JONES NEWSWIRES
Despite lower gold production in the first quarter, a significantly stronger
realized gold price helped push Barrick Gold Corp.’s (ABX) earnings and sales
higher.
The gold company earned $514 million or 58 cents a share in its latest quarter,
compared with a loss of [...]
I don’t think the Fed will be able to control any inflation connected with most things Americans buy for daily living. But, they can make it worse.
Many nations all over the world are increasing money supply. For many it is legitimate. If they had 100 million workers and the rest of the nation in poverty, [...]
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