Democrats are proposing to have a special session of Congress to provide money for the American car companies until the new president and Congress are in their offices. According to a number of media sources there is no agreement on what happens next. That means options still run the range from Chapter 7 to pre-packed [...]
Fed is multiplying debt in order to stimulate, but result is even bigger debt. Debt has interest to pay as well as principal; countries are becoming so indebted it’s like subprime on a country wide national basis. A lot more stimulate plan will be rolling out soon and government is taking more heavily debt interest [...]
By SCOTT MAYEROWITZ
ABC NEWS Business Unit
Nov. 25, 2008
Wall Street might have been happy with the government’s latest multibillion-dollar banking intervention, but many small community banks are asking for equal treatment.
“I guess appalled is not too strong a word,” Cindy Blankenship said to describe her feeling after learning of the government’s help for Citigroup. Blankenship and [...]
Quarterly red ink swells to nearly $3 billion on an operating basis. More job cuts in the cards as No. 2 U.S. automaker looks to sell additional assets and eyes debt-for-equity swaps.
SAN FRANCISCO (MarketWatch) — Ford Motor Co. on Friday posted a narrower third-quarter loss, boosted by a gain related to its retiree health-care settlement, [...]
UBS AG (UBS) on Wednesday bowed to investor pressure by outlining plans to slim
its investment bank and strengthen its board, but stopped short of the deep
revamp demanded by some activist shareholders.
“Fundamental change is required in the way we look at risk and the implications
this has on the scope of activities in which we want this [...]
Posted by Heidi N. Moore
Note to U.S. banks: Get your bailouts while they are hot. There are a heck of a
lot of people scrambling for a piece of that pie.
“We can conclude that the financial services sector is ripe to receive capital,”
wrote Keefe Bruyette & Woods analyst Melissa Roberts on Friday. That [...]
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