Monthly Archives: February 2009

Wells Fargo revised its fourth-quarter loss due to a new $328.4 million charge related to losses on investments. The San Francisco-based bank said its loss for the quarter widened to 84 cents per share from a previously reported 79 cents … Continue reading →

Again, the caveat: I’m a leftie Dem, but a $2 trillion deficit and we’re to believe we’re not going to see an increase in taxes on the middle class. On the other hand, why wouldn’t we expect the old politics … Continue reading →

and now we’re looking at owning up to 40% of CitiGroup, with the same CEO (though a board of directors change). Aren’t we all getting a bit angry?

I suspect enough’s been said, let’s just triple what’s been said and cross him off the list.

“….in harm’s way.” Our men are at war, in battle. Why don’t politicians pull the bark off when they talk.

Housing values have dropped remarkably, unemployment is spreading, delinquent credit card debt proliferating…In short, folks are losing their jobs or otherwise being squeezed financially.  The average credit score was in the mid-600s a year or so ago. It’s bound to … Continue reading →

Federal Reserve Chairman Ben Bernanke has reassured Wall Street by telling Congress the recession might end this year. In his semiannual report to the Senate Banking Committee, Bernanke predicted the economy is likely to keep contracting in the first six … Continue reading →

“Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe contraction” and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs.” … Continue reading →