Apr 26 2009
20,000 Americans Lose Their Job Each day but we Still Bailout Wall Street and Banks: 4 Charts Highlighting this Historical Financial Crisis. GDP, Inflation, Industrial Production, and Excess Reserves.
Four banks and one credit institution failed on Friday. This is now becoming a common Friday ritual. On February 13 four banks were also taken over by the FDIC. Multiple bank failures on one day are now growing in size. Yet the FDIC is quickly blazing through their insurance fund and soon, the taxpayer [...]
Apr 13 2009
Bank of America: $931 billion in Loans and Leases. Net Income Fell by $11 billion in 2008. Gear up for Financial Earnings Season.
The market is now fully engaged in earnings season. Market sentiment stocks like Alcoa reported a loss bigger than analyst had expected but all eyes are focused on the financial industry. That is why when Wells Fargo announced an early $3 billion profit, the markets went into full rally mode. Yet once you dig [...]
