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U.S. Imagines the Bailout as an Investment Tool

During World War I, Americans were exhorted to buy Liberty Bonds to help their soldiers on the front. Now, it seems, they will be asked to come to th[...] read more »
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Saturn was Supposed To Save GM

It's hard to remember a time when the top man at GM was the most celebrated industrialist in America, maybe even the world. But that was the case on[...] read more »
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U.S. Moves to Overhaul Ailing Carmakers - NYTimes.com

The White House on Sunday pushed out the chairman of General Motors and instructed Chrysler to form a partnership with the Italian automaker Fiat wit[...] read more »
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Worst in 26 years:The nation's gross domestic product declined by 6.3% in the fourth quarter -- the biggest drop since 1

The nation's gross domestic product, the broadest measure of economic activity, fell at an annual rate of 6.3% during the final three months of 2008[...] read more »
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Obama tax panel on treasure hunt

President Obama has now added tax reform to his to-do list. The administration said this week it will form a task force to propose ways to simplify t[...] read more »
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How to spend $700 billion in 6 months

After Treasury Secretary Tim Geithner promised to spend up to $100 billion on a toxic asset purchase plan Monday, only $10.2 billion remain unallocat[...] read more »
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Investors to look for reasons to extend rally - msnbc.com

After the Dow Jones industrials just managed their first two-week stretch of gains in nearly a year, the question is whether investors will get the g[...] read more »
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Treasury's toxic asset plan could cost $1 trillion

The Obama administration's latest attempt to tackle the banking crisis and get loans flowing to families and businesses will create a new government[...] read more »
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Tax Refund Anticipation Loans: A Bad Idea

"Get your tax refund now!” says the nice looking man on the TV. He is explaining how I can get my tax refund now, without the hassle of the wait, wh[...] read more »
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Bonus tax: Feels good, but is it?

Public outrage can be a potent agent for change, but it doesn't always make for great policy. Nevertheless, that rage is a main driver behind the bo[...] read more »
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10 Financial Myths Busted

Alas, in this Hydra-headed global financial crisis, another generally accepted principle of financial strategy or economic logic finds its way into t[...] read more »
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Banks suffer 149 percent rise in bad loans

Foreclosures and bad loans raced through the banking industry in 2008, with the more than 8,000 U.S. banks registering a 149 percent increase in trou[...] read more »
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Stocks in early struggle

Stocks were mixed Tuesday morning as better-than-expected reports on housing and inflation were tempered by weakness in bank stocks and Alcoa, which [...] read more »
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Is the Fed Hurting the Dollar in the Long-Term?

In recent memory, the stakes have never been so high, and the global economy has never been so imbalanced. Accordingly, the Fed and the Treasury must be careful that in treating the economic crisis, they don't inadvertently damage the very foundati read more »
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Worst January ever for Dow, S&P 500

The Dow Jones industrial average and Standard & Poor's 500 finished their worst January ever Friday as investors eyed abysmal reports on economic growth and quarterly earnings. read more »
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