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The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Fri, 04 Dec 2009 14:19:07 GMT

As expected, Bank of America (BAC) will repurchase its $45 billion TARP preferreds, funded in part by an additional $18.8 billion in "common stock equivalents", $4.0 billion in asset sales, and $1.7 billion in restricted stock issued to employees in lieu of cash bonuses.[More...]

Forget Yesterday, It's All About Jobs

Fri, 04 Dec 2009 13:21:30 GMT

Good morning. Stocks tanked in the last half-hour on Thursday and while the major news outlets attributed the decline to either profit taking or some trepidation in front of this morning's big Jobs report, we'd like to offer a little more substantial reason for the 85 point dive on an otherwise subdued day of trading.[More...]

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

Fri, 04 Dec 2009 04:14:41 GMT

The Federal Reserve's balance sheet declined by $15 billion to $2,183 billion from the prior week, after the Fed presumably offloaded $2.7 billion in MBS: this is the first time since QE started that MBS holdings have declined. If anyone can tell us just who the idiots are who bought MBS from the Fed (and at what price), and who the even greater idiots are who are supposed to believe this, please send us an email.[More...]

A Busy Month For Immunogen (Part II)

Thu, 03 Dec 2009 21:03:11 GMT

At ASH 2009, Immunogen (IMGN) and its partners will present clinical data on three compounds: Sanofi-Aventis’ (SNY) SAR3419, Immunogen’s IMGN901 and Biotest’s BT-062.[More...]

Bank of America (BAC) Hopes To Lure Top Shelf Talent By Paying Back TARP Loans

Thu, 03 Dec 2009 20:31:33 GMT

Bank of America Corp. (NYSE: BAC), the nation’s biggest lender, reached an agreement to repay $45 billion of Troubled Asset Relief Program (TARP) bailout funds, removing government imposed restrictions on executive pay that have hindered its search for a new CEO.[More...]

China Will Continue To Drive The Global Economic Recovery In 2010

Thu, 03 Dec 2009 14:38:07 GMT

China isn’t just leading the global economic recovery – it’s lapping the field.[More...]

15 European Banks Now Have Assets Larger Than Their Domestic Economies, Versus 10 Pre-Crisis

Thu, 03 Dec 2009 13:39:38 GMT

It appears just as in the US, where "the big 4" financial oligarchs now dominate, gave become even "too bigger to fail" post crisis and make a farce of "8000 competitors"....[More...]

Bank of America (BAC) To Repay Entire TARP Money

Thu, 03 Dec 2009 13:33:12 GMT

Bank of America Corporation (BAC) said on Wednesday that in a few days it will repay the entire $45 billion of bailout money it has received from the government for its participation in the Troubled Asset Relief Program (TARP) at the height of the credit crisis last year and after its purchase of Merrill Lynch & Co. earlier this year.[More...]

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Thu, 03 Dec 2009 13:15:56 GMT

Back in June, we discussed commercial real estate at length following attendance at a large real estate conference in NYC. Our tone was cautious and one question we wondered about was the percentage of GDP that real estate represents. We actually came across the answer back in August and meant to share then, but didn't get to it. Since the question/topic remains highly relevant to considering the potential negative economic drag from depressed real estate activity, we're sharing now -- the following table is from an 8/28/09 NYTs article, "Construction That Fueled Growth in the Sun Belt Slows":[More...]

Senator John Kerry out million$: Study: Senator lost one-third of fortune amid economic crisis

Sat, 05 Dec 2009 07:46:00 GMT

Dec. 5--THE NATION'S RICHEST SENATOR -- the Bay State's own John Forbes Kerry -- has been knocked down a few notches after seeing his fortune sliced by one-third by the fiscal meltdown that ripped down Wall Street.
The Boston Democrat's staggering losses dropped him from first to third among the wealthiest senators, trailing Herb Kohl (D-Wis.)
and Mark Warner (D-Va.)

: iStockAnalyst.com Symbols Feed

The Deep, Inner Meaning Of Bank of America's (BAC) TARP Repayment

Forget Yesterday, It's All About Jobs

Fed Balance Sheet Declines By $15 Billion After Improbable Reduction In MBS, Excess Reserves, Monetary Base Hit Record

A Busy Month For Immunogen (Part II)

Bank of America (BAC) Hopes To Lure Top Shelf Talent By Paying Back TARP Loans

China Will Continue To Drive The Global Economic Recovery In 2010

15 European Banks Now Have Assets Larger Than Their Domestic Economies, Versus 10 Pre-Crisis

Bank of America (BAC) To Repay Entire TARP Money

Interesting Stat: How Much Private Sector GDP Is From Construction And Real Estate?

Senator John Kerry out million$: Study: Senator lost one-third of fortune amid economic crisis

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Obama's mortgage approach doubted

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Serial bank robbery suspect charged in federal indictment

67.5% of state-based banks unprofitable: That's twice as many as last year; total loss $824 million in 3Q

Business leaders split on economy: Bankers' outlook upbeat. Duke chief's not so rosy.

Obama's jobs summit faces worst statistics since WWII

Anchor stock climbs 54 percent following investor announcement

Bank of America to repay government in full

Wachovia Preferred Funding Corp. Declares Dividend on Series A Preferred Securities

Wall St Sense Reviews Equities in the Basic Materials, Consumer Goods and Services Sectors

U.S. Bank Selected as Trustee and Fiscal Agent for More Than $5.2 Billion in Massachusetts Bay Transportation Authority Bonds

U.S. Bank Selected as Trustee, Registrar and Paying Agent for Bond Issues at University of Massachusetts Building Authority

[x+1] Introduces CPGconnect Harnessing Online Ad Optimization, Consumer Purchase Diagnostics and Analytics to Drive In-Store Sales

Prepare Your Car for Winter Weather with Tips from CarMax

American Strategic Income Portfolio Inc., American Strategic Income Portfolio Inc. -- II, American Strategic Income Portfolio Inc. -- III and American Select Portfolio Inc. File Current Reports on Form 8-K

UnitedHealth Group to Host Investor Conference

U.S. Bank Announces Plans to Sell Three Texas Bank Locations Acquired in Recent FDIC Facilitated Transaction

AFS Technologies, Inc. Acquires Assets of Softrax Corporation

Form 4 WELLPOINT INC For: Dec 03 Filed by: Miller Cynthia S (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 30 Filed by: White Julie M (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 30 Filed by: STROTHER JAMES M (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 30 Filed by: CALLAHAN PATRICIA R (10K)

Form 4 M&T BANK CORP For: Nov 30 Filed by: PINTO MICHAEL P (10K)

Form 4 M&T BANK CORP For: Nov 27 Filed by: WILMERS ROBERT G (10K)

Form 4 BURLINGTON NORTHERN SANT For: Oct 02 Filed by: ICE CARL R (10K)

Form 4 M&T BANK CORP For: Nov 23 Filed by: PINTO MICHAEL P (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 24 Filed by: White Julie M (10K)

Form 4 WELLS FARGO & CO/MN For: Nov 21 Filed by: STUMPF JOHN G (10K)