Quote of the Day: Geithner’s retirement
Frequent Cafe contributor Chris Whalen throws some more knives Geithner’s way in the today’s NYT: “We have only two things...
Why Point Fingers on Lehman?
In today’s New York Times column, Andrew Ross Sorkin puts out this idea: Mr. Geithner’s involvement in several ultimately...
The Most Volatile Market Ever
The Bespoke Boys point out that “over the last 50 trading days, the average absolute daily percentage change of the S&P 500 has...
Does stock market rally have legs?
Global stock markets rallied for a second consecutive day after the US government agreed to rescue the beleaguered Citigroup (C) and as...
Inside Look: Citigroup Gets U.S. Rescue
WTF line: “The strength of the company is underlined by this investment.” Citi was so strong, it needed a bailout. November...
Case-Shiller Index falls 17.4%
The September S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — that is the most on record and is...
Another Crisis, Another Bailout
Only a week after the Treasury Secretary said that the government bailouts had stabilized the most important financial institutions,...
Big Bailouts, Bigger Bucks
Whenever I discussed the current bailout situation with people, I find they have a hard time comprehending the actual numbers involved....