The Old Man’s question is will anyone at these two companies be held responsible?
Entries Tagged as 'Banks & Financial Institutions'
The Arrogant Richard S. Fuld Jr. of Lehman Brothers and The Great Divide On Financial Reform
March 13th, 2010 · No Comments · Wall Street
Tags: Ernst & Young·Financial Crisis·Lehman Brothers·Richard S. Fuld
Quoting Worthy Quotes From Another Worthy Book
March 13th, 2010 · No Comments · Wall Street
March 13, 2010
Steven Pearlstein published his reviews today of the latest book on the financial crisis. Sounds like the most qualified of all books written on the crisis. I will read it. Meantime, I will leave you with only some comments from Pearlstein.
Tags: Financial Crisis·Steven Pearlstein·The Big Short·Wall Street
There Can Be Only One Answer To This
March 3rd, 2010 · No Comments · Senate
At an average interest rate of 5.6 percent that amounts to nearly $7 billion in interest earned by banks each year. So is it any wonder that banks and their political friends are fighting this tooth and nail?
Another Reason Bankers Love Taxpayers
February 27th, 2010 · No Comments · Big Business
February 27, 2010
Short Post - Quoted from an article written by the U.S. Secretary of Education
Under current law, taxpayers provide as much as $9 billion each year to subsidize guaranteed student loans issued by banks. The banks earn profits on the interest; if students default, taxpayers take the loss, not the banks. In other words, working [...]
Interesting Headlines of the Day – Wednesday, February 24, 2010
February 24th, 2010 · No Comments · Politics & Politicans
February 24, 2010
The following are a few of today’s headlines that bare acknowledgement and comment.
Wall Street Banks
Health Care Reform
Fired School Teachers
“Read More” for details.
Tags: Banks & Bank Failures·Fired School Teachers·Health Care Bill·Health Care Reform·Politics & Politicans·Wall Street·Wall Street Reform
Goldman Sachs’ Blankfein Does It Again!
February 2nd, 2010 · No Comments · Wall Street
February 2, 2010
As you most certainly have heard by now, His Royal Highness Lloyd Blankfein, CEO of Government Sachs, has announced he has decided to pay himself another $100 million bonus for his outstanding, “above and beyond the call of duty”, leadership. Although Goldman has paid back the TARP funds, their continued existence is still [...]
Morgan Stanley Defaults; No Word From CNBC
January 27th, 2010 · No Comments · News Media
Morgan Stanley defaults and CNBC is mum.
