From the category archives:
That’s what I’m left wondering when I read stories like this one,entitled “Bailout scope limited to … virtually anything.” Here’s an excerpt …
“As the list of ailing companies seeking government help grows, it is anybody’s guess where the Treasury Department’slargesse will stop.
“The $700 billion bailout bill is so vague that virtually any U.S. company could [...]
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The big story over the last couple of days continus to be oil. Yesterday, oil prices tanked by more than
$5 after China raised the domestic price of refined
products (gasoline, diesel, etc.). Why would that matter? The idea is that if more consumers have to pay the “real”
price of energy (China, Malaysia, Venezuela, and other
countries subsidize or [...]
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Good Monday morning to you all. Here’s a quick roundup of the headlines that are capturing my attention at this time
…
* HSBC set aside $3.2
billion to cover bad U.S. loans. That sounds awful, but it’s actually below the $4.2 billion to $4.8 billion that
analysts polled by Bloomberg were expecting. HSBC got into subprime mortgage lending [...]
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I never understood why Wachovia bought California-based Golden West Financial after the housing market was already showing signs of topping out. Golden
West’s star product is the option ARM, or “pick a payment” mortgage. A large percentage of those loans were made in
California, one of the states with the most bubbleicious housing markets. But acquire GDW [...]
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