"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
AIG joins the list of cratering financial institutions, after losing half its stock value in 5 days. There’s getting to be quite a passel of them, aren’t there? Washington Mutual, Wachovia, and Merrill are on the sick list too while…
Washington Mutual, that’s who. Hey, I’m thinking Treasury Secretary Hank “The Hammer” Paulson is probably wondering when the Hell he will get a weekend off. He bailed out Fannie and Freddie, the Toxic Twins, last weekend. This weekend he’ll be…
How crazy volatile is this stock market? I trade stock options. With calls, you gain if the stock goes up. With puts, you profit when the stock drops. I currently have puts on a number of financials. At open of…
Warren Buffet’s Berkshire Hathaway will no longer sell insurance on bank deposits over $100,000. That Mr. Buffett is withdrawing from this insurance market is an indicator of how many in the industry are worried about future bank failures.
Let’s be clear about it. What’s happening on Wall Street now with the federal government propping up collapsing financial institutions is most assuredly not socialism. Last time I checked, the definition of socialism did not include the enriching of corporate…