Layoff City
Caterpillar: 20,000 Pfizer: 19,000 (10% reduction), plus additional layoffs due to merger with Wyeth: Sprint Nextel: 8,000 Home Depot:...
Bianco: The Dow is Distorted
Bianco: The Dow is Distorted January 21, 2009 James A. Bianco, CEO of Bianco Research, LLC Comment – The Dow Jones Industrial...
Bank Lending Drops
> Source: Lending Drops at Big U.S. Banks DAVID ENRICH WSJ, JANUARY 26, 2009 http://online.wsj.com/article/SB123293041915314113.html
Fixing the Banking System
Time to Nationalize Banks? A “Bad Bank” for Toxic Assets? What is the FDIC’s Role? – Roundtable Discussion with...
Nationalize Now
We’ve been repeatedly noting that the fastest, fairest, cheapest, most efficient way out of the current credit and financial mess...
Letter from TARP IG to Rep. Spencer Bachus (R-AL)
Below is a letter from Neil Barofsky, Special Inspector General of the Troubled Asset Relief Program to Rep. Spencer Bachus (R-AL). The...
First Days of the Obama Administration
The viewing stands from the inaugural parade are still coming down, but the White House is already open for business and alive with...
Microsoft Zune: Down 54%
My pal JP notes that the iPod wannabe had an utterly disasterous quarter: Overlooked in the carnage of Microsoft’s second quarter was...
Video-o-rama: Wishing you well, Mr O
Four-day weeks are notoriously volatile, and the past few days were no exception. But despite a daily dosage of grim economic news and a...
Morgenson: Time to Unravel the Knot of Credit-Default Swaps
Below is the link to the NYT column today by Gretchen Morgenson regarding Credit Default Swaps. I really appreciate her attention to me...