Citigroup breaking $1 intraday Thursday serves as a stark reminder of what’s really ailing the markets: The inability of policymakers to effectively address the banking crisis, much less fix it.”Lifting [toxic assets] off bank balance sheets…is the
Sphere: Related Content
Posted on March 5th, 2009 by
Filed under: stock news | No Comments »
President Barack Obama’s $75 billion effort to aid homeowners goes into effect today, and not a moment too soon: More than 8.3 million U.S. mortgage holders are underwater, Bloomberg reports, and another 2.2 million will similarly owe more on their mortga
Sphere: Related Content
Posted on March 5th, 2009 by
Filed under: stock news | No Comments »
As if the past 15 months haven’t been scary enough, the Dow was plunging to new lows Thursday afternoon. So what should already devastated investors do now?
Posted on March 5th, 2009 by
Filed under: stock news | No Comments »
Facebook dominated the late afternoon news and chatter in the Valley on
Wednesday with its new announcement
of a home page redesign. An
important element was integrating the “Pages” feature of Facebook into the rest
of the site. Pages
Sphere: Related Content
Posted on March 5th, 2009 by
Filed under: stock news | No Comments »
From The Business Insider, March 5, 2009: If GE Capital were a bank, it would almost certainly be insolvent (GE).The company has $661 billion of assets and only $53 billion of equity. If
its assets were marked-to-market, like those of banks, it is
Sphere: Related Content
Posted on March 5th, 2009 by
Filed under: stock news | No Comments »
Wednesday’s rally is shaping up as another one-hit wonder. Stocks slid early Thursday amid renewed concerns about a possible GM bankruptcy and disappointment over no new stimulus from China.In recent trading the Dow was down over 2%.While the market remai
Sphere: Related Content
Posted on March 5th, 2009 by
Filed under: stock news | No Comments »
Now that the government has yet again propped up the embattled insurer, Congress is hauling regulators over hot coals as they try to figure out what happened. Here are some highlights from testimony today:
Senate Banking Committee Chairman Christopher Dodd:
“That we find ourselves in this situation at all, is in my mind, and in the minds […]
Posted on March 5th, 2009 by
Filed under: options news, stock news | No Comments »
Once nearly as routine and immutable as its dividend and its triple-A rating, General Electric CEO Jeffrey Immelt could be counted on to step up and calm the markets when things got rough. He who guides the biggest corporate bellwether of the U.S. — nay, global — economy was to the markets what baseball, apple […]
Posted on March 5th, 2009 by
Filed under: options news, stock news | No Comments »
