[6:30am ET] It is unfair of me to lay the blame of the global economic and financial woes at the feet of the Big Three US banks, as I did in the Week In Review. All the money center banks of the world are to blame, and the equity markets have shown them an appropriate response.
Last week, the average loss in share price of Bank of America, Citigroup and JP Morgan was -35.0%. But, UK
[7:15am ET] The Obama Inauguration Rally starts this morning. Carnival American-style. Banks and Retailers, Energy and Basic Materials, Technology
[6:25am ET] US taxpayers can read this and weep. Bloomberg just put the cherry on the layer cake I have been baking for the past two years.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAvhtiFdLyaQ
[9:06am ET] A lead article in Bloomberg today reads,
[8:26am ET] Bernanke is in London today to meet with British Prime Minister Gordon Brown and deliver speeches to explain the Fed
[7:15am ET] A better TARP? A CNNMoney article asks an important question, but the public is skeptical.
Treasury Secretary nominee Timothy Geithner is working on plans to revamp TARP to include programs to prevent foreclosures and help cash-strapped municipalities, small businesses and consumers, two transition aides told CNN.
[7:15am ET] A better TARP? A CNNMoney article asks an important question, but the public is skeptical.
Treasury Secretary nominee Timothy Geithner is working on plans to revamp TARP to include programs to prevent foreclosures and help cash-strapped municipalities, small businesses and consumers, two transition aides told CNN.
[7:21am ET] In a Toronto Star article [