...on: Banks that have been handed federal money in an attempt to stave off economic collapse are giving a substantial portion to their shareholders as dividends , The Washington Post reports. The bailout was obviously morally wrong, but this is simply indecent. It was one thing to shore up the value of their stocks in order to keep the businesses functioning; handing them tax money as dividends...
...in August. The government will release its first look at overall economicactivity in the 3Q on Thursday. 5) NY attorney general asks banks for bonus info Andrew Cuomo said Wednesday that the bailout has essentially made taxpayers shareholders in these companies, and they have a duty to be upfront with the public about huge bonuses. 6) GM 3Q global sales drop 11 percent, trail Toyota GM sold...
...today is sadly and urgentlyunder attack and duress from all sides. Federal Debt Relief System knows this is the worst financial crisis since the Great Depression, a $700 billion taxpayer bailout, public outcry over excessive pay and the demise of three of the biggest securities firms won't deter Wall Street from offering year-end rewards to employees on top of their salaries, compensation...
In an endeavour to provide you with information that I have been using for research and daily updates, I have put a list of RSS feeds that you may find useful. Just a note, I am not recommending anything...com/topic/issues/feed/rss Google Business News http://news.google.fr/nwshp?tab=wn&ned=us&topic=b&output=rss Seeking Alpha..one of my favourites http://seekingalpha.com/page/feeds?source=footer
... (Though he has a point about pot.) I'm just underutilized. Which leads me to... Wrong Man 3) I was rocked to my core that I -- or one of the few people like me -- wasn't put in charge of the bailout. If you haven't figured it out by now, America has hired the wrong Paulson. There are two of them, Hank and John. Hank turned Goldman Sachs from an investment bank into a busload of tourists going...
... The Dept of Transportation last week reported the largest monthly decline in milesdriven since WWII. Also reporting this week are Exxon (Thurs) and Chevron (Friday). 6) Automakers seek govt aid beyond bailout and loans The auto industry has talked to the Bush administration about funding on a much broader scale than the two programs approved by Congress earlier this fall. GM, in talks about acquiring...
Today, Honda and Nissan in Japan have announced reduced earnings forecasts and lack of demand in Europe and the US for their products. Honda lowered its global car sales forecast for this year by 65,000...impact it will have on all the counterparties involved. $4.72 trillion owed by Bankrupt countries in the emerging / moribund markets to the rest of Europe; This will be small change when GM unwinds
1) It was Deepavali yesterday, a public holiday in Singapore. 2) Stocks end lower as financials give up early gains Wall Street has ended a highly volatile session with a big last-minute loss as the market's...exceeds the consensus forecast of 6.5%. Still, economists expect the trend of subsiding inflation seen in the months of July and August to continue, even if less quickly than initially expected
Everything I thought but was afraid to say. Really, it cannot be a bailoutfor everyone. Anotehr stimulus package, then another one... Someone has to fail. Why not Chrysler or GM? Why not Scania? Why not (put your candidate)? Really, those guys made bad decisions and have to be punished. These issues aren't Republican or Democrat, left or right, liberal or conservative. They are simply economics...
