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EU Commission Asks Those Banksters Who Caused Crisis For Solutions, Critics Say

Thu, 05 Nov 2009 18:45:01 GMT

The EU Observer has come up with a very good question: Why are those who caused the financial crisis are now consulted by the EU Commission in order to come up with a solution? I may add the question: Why are the bonus-greedy destroyers of global prosperity are still on their jobs at all? I expect a complete change of elites within the next 3 years as has always been the case after every financial crisis in history. The report, prepared by 160 organisations accuses the undemocratic top echelon of the EU that they were only interested in stabilizing the banking industry and not in an improvement for the whole society.[More...]

US Market Key Risers and Fallers

Wed, 04 Nov 2009 20:13:33 GMT

US Market Key Risers and Fallers for Tuesday 3rd November S&P 500 - Risers Black Decker Corp. (BDK) $62.00 +30.97% Burlingtn N Sante Fe (BNI) $97.00 +27.51% American International Group Inc. (AIG) $39.22 +14.31% Stanley Works The (SWK) $49.69 +10.06% GANNETT CO INC (GCI) $10.54 +7.99% Union Pacific Corp. (UNP) $59.41 +7.90% S&P 500 - Fallers Novellus Systems Inc. (NVLS) $19.65 -5.42% Vulcan Materials Co (VMC) $45.06 -4.37% Kla-Tencor Corp. ! (KLAC) $31.51 -4.10% Sandisk Corp. (SNDK) $20.04 -3.95% Applied Materials Inc. (AMAT) $11.89 -3.31% Rockwell Collins Inc. (COL) $49.24 -3.03% Dow Jones I.A - Risers Caterpillar Inc. (CAT) $56.46 +1.75% Alcoa Inc.[More...]

Nearly 600,000 Americans Walked Away From their Mortgage In 2008

Tue, 03 Nov 2009 18:34:40 GMT

Great news; I believe the number of mortgage "walk aways" is "better than expected" - now how do I buy stock on deadbeats? (DBDT?) Look there was no problem buying these assets when all they did was go up; even better when one could serial refinance to live the "life we deserve", but nowhere in the contract did it say the house could go down in price.[More...]

Research in Motion (RIMM): Downgrade Is Too Late

Tue, 03 Nov 2009 15:05:43 GMT

“I thought the downgrade should have been made 20 points ago. You’ve got a 14 times earnings stock in the 50s. I’m not going to back away from it at this level. I’d rather buy it than sell it. It’s really down a lot.” — CNBC’s Mad Money 11/2/2009[More...]

Too Big To Fail, Too Big To Exist

Tue, 03 Nov 2009 14:46:29 GMT

The Treasury's new proposal for containing risk at big banks would have Main Street pay for Wall Street's mistakes. Bad idea.[More...]

Banks, Bucks, And Buffett

Tue, 03 Nov 2009 13:21:11 GMT

The recent wild ride on Wall Street continued yesterday as the Dow's swing of 181 points intraday definitely kept everyone on their toes. And while the focus in the market had been all about the earnings reports and whether or not Corporate America could deliver some top-line growth, it now appears that the focus has shifted to the charts of the dollar and the banks.[More...]

5 C's Of Credit

Sun, 01 Nov 2009 16:01:18 GMT

Before the era of Frankenstein Finance and the fanatical focus on fee-based income, lenders tried to hold themselves out as models of probity (for the skeptics out there, I did say "try."). Those responsible for making credit-granting decisions and looking after the interests of shareholders also demanded that borrowers meet certain standards before they would see even a dime of their employers' money.[More...]

Savings Rate Goes Up

Sun, 01 Nov 2009 15:05:24 GMT

In September, Personal Income fell very slightly, by less that 0.1% from August, as did Disposable Personal Income (or DPI, a.k.a. "after tax income").[More...]

GMAC Has Been Nationalized

Fri, 30 Oct 2009 21:43:18 GMT

And you thought the bailouts were over and market discipline might be restored. Not a chance – the bailouts will continue, come hell or high water. The latest demonstration of this is GMAC, where the government will now be majority owner. GMAC has officially been nationalized. Now the government is running auto financing in addition to running the companies making the cars.[More...]

Financial Reform: Other Testimony

Thu, 29 Oct 2009 20:20:05 GMT

I know I keep talking about pieces of this (and in fact posted an earlier Ticker related to Sheila Bair), but I believe it is important to piece it all together.[More...]

EDITORIAL: Banks are too big, if too big to fail: Ignoring British example, Obama wants to prop up financial behemoths.

Sun, 08 Nov 2009 13:47:00 GMT

Nov. 8--Ignoring British example, Obama wants to prop up financial behemoths.
As Alan Greenspan, the former chairman of the Federal Reserve, put it, "If it is too big to fail, it is too big."
Paul A. Volcker, another former chairman of the Federal Reserve, thinks a new version of the Glass Steagall Act, repealed in 1999, should be enacted to separate commercial from investment banking.

: iStockAnalyst.com Symbols Feed

EU Commission Asks Those Banksters Who Caused Crisis For Solutions, Critics Say

US Market Key Risers and Fallers

Nearly 600,000 Americans Walked Away From their Mortgage In 2008

Research in Motion (RIMM): Downgrade Is Too Late

Too Big To Fail, Too Big To Exist

Banks, Bucks, And Buffett

5 C's Of Credit

Savings Rate Goes Up

GMAC Has Been Nationalized

Financial Reform: Other Testimony

EDITORIAL: Banks are too big, if too big to fail: Ignoring British example, Obama wants to prop up financial behemoths.

UPI NewsTrack Business

Citigroup issues employees stock options

BofA took risks long before Merrill: In '07, CEO Lewis launched effort to ramp up loans, investment banking while still spending on deals.

St. Louis Post-Dispatch, David Nicklaus column: The federal bailout of banks may not be as costly as feared

NYC giving H1N1 vaccine to employers

Business Highlights

Citi files plans to spin off Primerica in IPO

Bonuses could jump 40 pct on Wall Street

POLITICS OF MARKETING: Marketers will shape face of high street banking

Timothy Ryder Joins RW Smith as Midwest Regional Director

RidgewaterEquity.com Free Fundamental Sector & Market Research on SUN, KSS, TNB, KR, MR and SNDK

InfoVista Adds Application Delivery and Response Capabilities to Its Unified Network and Application Performance Management Solution

SanDisk's Modular Solid State Drive Adopted By Sony's Ultra-Thin VAIO X Laptop

InfoVista Reports First Quarter FY10 Results

PicksThatMove.Com Announces Investment Opinion EXBX, YRCW, SNDK, GNPG and SVA

CIT Amends Terms of Exchange Offers

PicksThatMove.Com Announces Investment Opinion on VIT, AMZN, DELL, GSS and C

PicksThatMove.Com Announces Investment Opinion on DRYS, CERP, NRK, RF and DML

New Citi Survey Finds Chicago-Area Residents Dramatically Changing How They Spend and Save Today, But More Optimistic About Economic Future Than Nation As a Whole

Form 4 SANDISK CORP For: Nov 03 Filed by: HARARI ELIYAHOU ET AL (10K)

Form 4 THOMPSON WILLIAM S For: Oct 01 (10K)

Form 4 TAYLOR DIANA L For: Oct 01 (10K)

Form 4 SANTOMERO ANTHONY M For: Oct 01 (10K)

Form 4 ONEILL MICHAEL E For: Oct 01 (10K)

Form 4 JOSS ROBERT L For: Oct 01 (10K)

Form 4 CITIGROUP INC For: Oct 01 Filed by: COLLINS TIMOTHY C (10K)

Form 4 BELDA ALAIN J P For: Oct 01 (10K)

Form 4 SANDISK CORP For: Sep 02 Filed by: HARARI ELIYAHOU ET AL (10K)

Form 4 JOSS ROBERT L For: Aug 28 (10K)