By John Bougearel From Bloomberg: Oct. 22 (Bloomberg) — President Barack Obama said limiting pay for top executives at firms that got the most government aid strikes a balance between the interests of taxpayers and...
Read MoreJohn Bougearel The core of A,merica is the middle class. And Harvard Law Professor and chair of the Congressional Oversighgt Panel COP ( the COP is to oversee TARP, the Troubled Assets Relief Program) Elizabeth Warren tells us...
Read MoreJohn Bougearel Bloomberg reports today that Citi, BAC, WFC, and CIT made 9% secured loans to Tousa Inc six months before Tousa was to file for bankruptcy. Florida Judge Olson ruled that the lenders “did not act in good...
Read MoreJohn Bougearel Bruce Kastings posted a decent article on Zero Hedge today alerting readers to a suit of United Guaranty UG, a mortgage insurance subsidiary of AIG against Bank of America (really BOA’s subsidiary...
Read MoreJohn Bougearel Obama sounded quite parental scolding the banksters as if they were children at a Sept 14 NY Federal Hall. Meanwhile Barney Frank and Mike McMahon huddled in the audience how they could weaken proposed rules...
Read MoreFDIC Chair Sheila Bair says Wall Street regulation won’t get done by end of 2009 because lawmakers can not come to a consensus The lawmakers who rushed to cram down taxpayers throats and push the much maligned TARP...
Read MoreJohn Bougearel Today is the tale of two story’s about BAC’s health. On the one hand Bloomberg wrote today how BAC’s purchase of Merrill was a “steal” based on company filings with the SEC. On the...
Read MoreAdam Hewiston from INO.com has an education video on “how to read oscillator market divergences” in the SP500 using the MACD indicator in 2009. INO.com is offering new subscriptions two free...
Read MoreJohn Bougearel The US senate approved 62-38 an emergency extension of the debt ceiling for the federal government. Obama must approve by midnight tonight to avoid a gov’t shudown. “The extension was attached to one...
Read MoreJohn Bougearel Because the August Economic data was upbeat, what did economists do with their expectations for the September Economic data. After they thought about it long and hard, they raised their month over month...
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