Financial stocks decapitated
The chart is in descending order by %Chg. Note that these are one day changes in price. State Street announced a 71% drop in quarterly income and got decimated. Bank of America and Citigroup are both on life support and…
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Politics in the Zeros
"A republic, if you can keep it." Vegas, taxes.
Category Credit crisis
Epic Fail: Royal Bank of Scotland
The Royal Bank of Scotland Group just said, whoopsie, we might lose as much as 28 billion pounds, so the government is bailing them out. Again.
I Want My Bailout Money
I Want My Bailout Money by Michael Adams the Health Ranger is available as a free download from his website. I want my bailout money Keep the bills coming Sweet green cash just drippin like honey I’m a new kind…
Credibility of financial markets in question
Hey, even a small stock trader like me can see how the markets often seems rigged. Toss into the mix that ethically and financially bankrupt (former) investment banks get billions tossed at them by the government while giant Ponzi schemes…
Option ARMs. The new subprime
With billions of Option ARMs due for recast in 2009 and 2010 another crisis is on the making. But this time problems are expected to be more pronounced than the subprime crisis since the economy is already nearing its trough,…