Does a bloated, arrogant CEO of a failed investment bank deserve a punch in the nose? Apparently a growing number of people fed up with the Wall Street crisis think the answer to this question is YES!
I came across a story this morning in Alaska Pride (Hawaiian Honor’s sever was down) about former Lehman Brother [...]
Unfortunately, poor innocent clowns are being mistaken for bankers.
The Feds apparently drew the line this weekend regarding financial bailouts for dysfunctional investment banks, shunning Lehman Brothers despite its desperate pleas for help. Sleep deprived officials from the Federal Reserve and the US Treasury, along with beleaguered financial industry chieftains, were huddled in the NY Fed’s fortress-like headquarters in lower Manhattan, trying to avoid [...]
The market giveth on Friday and taketh away on Monday.
It seems that panic was in vogue today as more bad news
surfaced concerning the lousy state of the nation’s financial
institutions.
The Dow Jones forfeited just over 240 points, and the
broader Standard & Poor’s 500 index sank a hair more than
25 points. The Nasdaq felt the pain as [...]