Will Ken Lewis Get Canned?
I don’t know whether Bank of America shareholders will oust Ken Lewis from his chairmanship this week. I don’t know if Treasury Secretary Timothy Geithner... Read »
Treasury Dept. Secures Chrysler Tentative Deal
The Treasury Dept. has worked out a tentative agreement with Chrysler’s largest secured creditors that, if approved, may help the automaker avert bankruptcy, The... Read »
Home Prices Fell 2.2% in February, S&P/Case Shiller
The S&P/Case Shiller composite index for the month of February was released today by Standard & Poor’s. The report shows continued broad based declines... Read »
Big-Bank Stress Tests Stress Currencies
The results for the stress tests are coming in and unfortunately Bank of America (BAC) and Citigroup (C) are the first to be singled out. At the same time, the world... Read »
BofA, Citi Must Raise Billions in Capital
Bank of America (BAC) and Citigroup (C) have both been told that they must raise billions of dollars of extra capital, the Wall Street Journal said on Tuesday, citing... Read »
US Treasury April-June Quarter Borrowing Needs to Reach $361 bln
The U.S. Treasury Dept. announced on Monday it expects to borrow $361 billion of marketable debt in the April-June quarter, up $196 billion from its February estimates.... Read »
GM Bondholder Statement on the Debt for Equity Swap Proposal
General Motors Corp. (GM) asked this morning its bondholders to swap $27 billion of claims for equity to help the automaker avert bankruptcy. Here is the statement... Read »
Fiscal Policy Again? A Rebuttal to Mr Krugman
Fiscal stimulus is a much-needed temporary painkiller, but it is not enough to put the global economy on a path to recovery. This column argues that some economists... Read »
SEC Chairwoman Schapiro on Regulation
The new chairwoman of the SEC Marie Schapiro, speaking at the annual conference of the Society of American Business Editors and Writers on Monday, named some causes... Read »
Who’s Watching the Fed’s Back?
Interest Rate and Real Estate Analyst Mike Larson poses some critical questions in his latest article about the Fed’s balance sheet: “The Federal Reserve... Read »






