[email_link] Standard & Poor’s on Tuesday cut its credit ratings for many of the world’s largest banks, including Citigroup (NYSE: C), Goldman Sachs (NYSE: GS) and Bank of America (NYSE: BAC). The move follows S&P’s shift, announced earlier this month, in the methods it uses for rating the banks. Citigroup, Goldman Sachs and Bank of America Corp. each…
[email_link] President Barack Obama pressed European Union officials on Monday to act quickly and decisively to resolve their sovereign debt crisis, which the White House said was weighing on the U.S. economy. After meeting European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso, Obama said he was keen to see the euro…
[email_link] U.S. Airways said they are standing by their decision not to refund money for tickets purchased by a woman diagnosed with terminal breast cancer. Lynn McKain and her family had purchased five round-trip tickets earlier this year to Belize. The dream trip was booked after she had been cleared of breast cancer. However, she…
[email_link] Treasury Secretary Henry Paulson stepped off the elevator into the Third Avenue offices of hedge fund Eton Park Capital Management LP in Manhattan. It was July 21, 2008, and market fears were mounting. Four months earlier, Bear Stearns Cos. had sold itself for just $10 a share to JPMorgan Chase & Co. (JPM) Now, amid tumbling home prices and…
[email_link] More to come. httpv://www.youtube.com/watch?v=RWsx1X8PV_A
[email_link] Good riddance! One of the culprits who have brought us to the brink. Defended Fannie and Freddie to the wall…but now disavows. But don’t worry Barney. You will now become the head of Goldman, Citi or a high paid lobbyist. Longtime Rep. Barney Frank, D-Mass., will announce his retirement Monday at an afternoon press conference…
[email_link] On November 9th, I wrote this: “Take away all the noise. Take away the resignations in Europe. Take away the TARP. Take away the printing of money. Take everything away. The most important thing I am seeing right now is a potential wall being built at the 1250-1280 S&P area. Take a look at…
[email_link] Hundreds of workers who were laid off by the bankrupt solar firm that received $528 million in taxpayer support are eligible for additional federal aid, the Labor Department has ruled. The potential benefits for laid-off Solyndra workers would fall under a program known as “trade adjustment assistance.” The taxpayer-backed benefits are supposed to help…
[email_link] https://archives.warpradio.com/btr/InvestorsEdge/112218.mp3 JUST LETTING YOU KNOW… Every day I try to come up with things to make you feel better, but it’s just a very tough environment, ladies and gentlemen. Even when the market was rallying, I’d read you the new highs to show you there wasn’t much leadership. I think the rally was just…
[email_link] So who were they trying to kid? Oh yeah…you the voters. Yes…these same people who created the deficits…now tell you they care about the deficits. If it wasn’t so serious, I would be laughing at them. But this is serious. I have written several reports over the past couple of years…all with the same…
