Again, we have another set of major players in the market that are coming, hat in hand, to the government asking for a handout. The Big Three American auto makers are to appear before congress to request a stimulus package and low interest bridge-loan to help them survive these rough economic times.
When the price of [...]

Driving to work today, I sighted something I hadn’t seen in quite a while. The price of gas at one of the local gas stations had reached $2.33 a gallon. Living in the midwest, we have some lower gas prices than other locations, but this was still quite a drop from the $4.00+ price tag [...]

As the markets continue to lurch around like a sick pachyderm, lots of ideas and rumors have started to flow about what is in the works should the (most recent) actions prove ineffective. One of the ideas that has gained a lot of ground with me is about the FDIC and individual insurance limits.
People are [...]

Yesterday was the anniversary of the highest close of the Dow Jones Industrial Index (DJIA). As little as a year ago, the DJIA was riding high to a 14,000+ day and things were going great. Well, maybe not great, as people were beginning to see the housing bubble starting to pop, and even then there [...]

Another large financial institution has been brought low by the troubles of Wall Street. Last night, the FDIC stepped in and took over Washington Mutual (WaMu) after it determined that the nation’s largest savings and loan wasn’t going to be able to remain solvent. JPMorgan/Chase then ’swooped’ in and bought the banking portion of WaMu [...]