Dear Mr. President: Thanks Again For Cap And Trade

To The Office Of The President Of The United States,
 Dear Mr. Obama

 We are the heads of a few of your largest constituents, including Dow, GE and DuPont. This letter represents our sentiments in wishing to express our gratitude for your and Ms. Pelosi’s efforts on...

Bank Bail Out True Facts - Federal Reserve, Lehman Brothers Etc.

The stocks of manufacturers of Tar, Feathers, pitch forks, scythes, rope and high tree branches soared today on news that banks that failed and received Federal Bailout Money were stockholders of the US Federal...

EBay, Skype, Goldman, Morals And Principles

EBay is finally making plans to unwind itself from Meg Whitman’s appalling and astronomically expensive decision to acquire Skype. At the time of the acquisition’s announcements, the financial media, while showing surprise, did little to clarify why such a transaction...

Ten signs of insolvency

The warning signs were all there, first identified by the partner in a firm that cleaned up after the corporate excesses of the '80s, and dusted off today in Australia's Sunday Mail. " 1. A company Mercedes-Benz...

New players challenge world order

[New players challenge world order Brazil, Russia, India and China, the so-called Brics, are predicted to emerge as major world players by 2050. In this,...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

Goldman may be set to post first quarterly loss

" NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) could post its first ever quarterly loss as a public company in December, as market turmoil weighs on revenue for investment banking businesses and forces asset writedowns. One Wall...

U.S. warns banks that using bail-out money for pay and pensions to executives...

Glad to see this response as the elite fat bosses should not be compensated with tax payers money.     " Using bail-out money for anything other than lending - such as paying bonuses or pensions to Wall Street executives - will be a criminal offence, the...

The Collapse of the Shadow Banking System

NYU Professor, Nouriel Roubini called the sub prime collapse and more recently the Lehman collapse months before it happened.  He speculated over the weekend what a failure of Lehman might mean.  The...

"Let Them Eat Cake" - Washington & Wall Street Loot the Banks

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst...

Behind Insurer’s Crisis: Caught in a Web of Risk

The article below discusses the fragile nature of the existing credit system, though maybe it's too early for a post-mortem when the patient is still thrashing on the operating table. While the mortgage crisis...

Why Warren Buffett invested in Goldman Sachs?

  Smartest investor of world beting on his billion Dollor Plan "   When Warren Buffett's Berkshire Hathaway invested $5 billion in Goldman Sachs, it came as a major surprise. Since the billionaire's massive investment comes at a time when the...

America Must Rescue the Bonuses at Goldman Sachs

"America Must Rescue the Bonuses at Goldman Sachs: Michael Lewis Commentary by Michael Lewis Sept. 24 (Bloomberg) -- Anyone who caught even a sliver of yesterday's hearings in the U.S. Senate on the proposed Treasury bailout of the mortgage-backed securities market knows that...

$521,000: The average pay of Goldman Sachs employees ­ and that includes sec...

Just in case you thought you were paid enough for what you do...... " They call it Goldmine Sachs. And well they might. Because the Wall Street giant has become the first major investment bank to see its average salary top half a million dollars. ...

Leading American Insurer AIG close to bankruptcy

Leading American Insurance company  American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its...

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