journalism

Jamie Dimon tells it like it is. When asked by CNBC's Erin Burnett's how business is going, Dimon replied "terrible." Here's how Reuters describes his comments: "November itself has been a terrible trading month ... (and) December so far is…

The Tribune was simply over-leveraged with a balance sheet made for this age of debt, leverage and bubbles. Note the lack of equity and the enormous debt load. Why would anyone, especially someone as savvy as Sam Zell load up a declining…

In a shocking news story, the Wall Street Journal reports that the media company Tribune Company, which publishes the Chicago Tribune, is exploring bankruptcy.  While advertising revenue has contracted significantly, impacting all major…

Back on November 7th, I posted a story on how Bloomberg News was compelled to sue the Federal Reserve under the Freedom of Information Act in order to find out what type of assets the Federal Reserve was accepting as collateral for loans to…

The renowned money manager Jeremy Grantham has had his first television interview ever with Consuelo Mack on Mack's program WealthTrack. Below is the video from that interview. Mack has promised to make a longer video available to those…

Yesterday morning, I heard Louise Yamada on Tom Keene's show on Bloomberg Radio giving her assessment that stocks may break below 2002 lows. I mentioned this in yesterday's news round-up. But, now I have the audio for you as well.…

For those of you concerned about the Fed's risky behavior, its ballooning balance sheet, and its acceptance of dodgy collateral, well you may be about to see whether the American democracy can allow this unchecked power to continue without…

Teddy Forstmann, one of the co-Founders of LBO giant Forstmann Little & Company, sounded the alarm earlier this year on the credit crisis. In an article from the Wall Street Journal that I chronicled here, Forstmann warned of impended…

If you don't think this credit crunch is a Main Street event, you must see this video. When a lack of credit availability stops people from getting an education, you have to do something. For those of you watching the equity markets as a…