financial news

With the Economic Patriot Act past the Senate - including hundreds of billions in pork barrel - sweeteners, it's time to focus in a little on politics. I'll lead off the round-up there, trying to keep it fair despite my obvious…

Times are tough! So, what should we do? Escape, of course... to house heaven. I have a few dream spots where one could move to forget about all the market turmoil to start things off right in our round-up.For those of you who want the…

Today was an up day on Wall Street. After a day of untold carnage and pain in markets around the globe from Tokyo to London to New York and back again, we seem to have found a relief rally. There is still much work to be done, but enjoy…

I am going to do this round-up of news early because the news cycle is very fast. Top billing today is the WaMu bankruptcy and asset seizure by the FDIC and immediate asset purchase by JP Morgan Chase. Please see my synopsis here.There is…

The big news is about Paulson's Economic Patriot Act, which looks set to pass Congress. The ultimate question is in what guise the plan passes. Will it give the U.S. Treasury carte blanche or will Congress have oversight? What provisions…

Because it seems like it's all bailout all the time in the news these days, I thought I'd use today's news round-up to highlight a few issues going on outside of the U.S. bailout plan. From my last two posts about the Canadian and Danish…

Right now, it is all bailout all the time Everyone is talking about the Paulson mortgage bailout proposal. This is the news that dominates the headlines.My opinion about the proposal is that the proposed measures do not require the urgency…

Everyone and his brother is talking about the bailout plan from U.S. Treasury Secretary Hank Paulson. I am not going to add my voice to the cacophony just yet, except to remind readers that the executive branch and the Federal Reserve are…

Today, in the wake of a mammoth banking deal in the UK between Lloyds TSB and HBOS, it is time to look at some of what is happening outside of the U.S. as a result of the credit crisis and market panic. I will principally using Canadian,…

Everyone has heard the news of importance: AIG, Lehman, Goldman, WaMu, Merrill. Although I just heard on Bloomberg Rado that Barclays was buying the "Core Lehman" assets.Anyway, I thought I would concentrate today more on the blogosphere.…