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Daily News Briefs: July 18, 2012
KickingTiresThe National Highway Traffic Safety Administration is looking at nearly 730,000 Ford Escapes and Mazda Tributes for possible cases of unintended acceleration, according to Bloomberg News. The investigation into 2001-04 Escape and Tribute models was...Tags: National Highway Traffic Safety Administration, Manufacturing and Engineering, Bloomberg L.P., 2012 Summer Olympics, Automotive Equipment
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Paterson: Statement on economic crisis
Spin CycleGov. Paterson issues a sobering assessment of the day's financial turmoil: ???Clearly, however, we are entering uncharted waters. Of the five largest, independent investment banks, only two are left standing today: Goldman Sachs and Morgan Stanley. Bear...Tags: Banking, New York Weather, Bank of America Corp., Employees, Investment Service
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Obama, McCain and their Wall $t. friend$
The Swampby Frank James Listen to both major-party presidential campaigns and you'd think right about now that neither one had very good (that is, generous) friends on Wall Street. Well, both Republican presidential nominee John McCain and his Democratic rival,...Tags: Elections, Freddie Mac, Charity, Government, Housing Industry
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Wall St feels tightening fed grip
The Swampby Frank James The not-so-invisible-hand of Washington reached out on Sunday and snatched the last two remaining big Wall Street investment banking firms into the world of increased federal regulation with the announcement that Morgan Stanley and...Tags: Companies and Corporations, Federal Reserve, Goldman Sachs Group, Inc., Bank of New York Company, Central Bank
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Bailout's failure on Paulson's head?
The Swamp(Photo: SAUL LOEB/AFP/Getty Images) by Frank James As the fingerpointing continues following the House's failure to pass the $700 billion bailout, a lot of blame is going to Treasury Secretary Henry Paulson Jr. for first trying to run roughshod......Tags: Lehman Brothers Holdings Inc., American International Group, Federal Reserve, $700 Billion Bank Bailout (2008), Henry Paulson
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Bailout is now 'rescue plan'
The Swampby Frank James The conventional wisdom in Washington is that one reason the Bush Administration's proposal to buy toxic assets from financial institutions failed in the House earlier this week is because of bad marketing. The administration allowed the...Tags: Mitch McConnell, George W. Bush, Jack Reed, Government, Bill Clinton
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Financial meltdown brilliantly explained
The Swampby Frank James Anyone looking for a brilliantly accessible explanation of the turmoil facing the economy and the financial markets should listen to the outstanding explanatory programs done by Chicago Public Radio's "This American Life." Over the weekend,...Tags: Christina Aguilera, Chicago Mortgages, Mortgages, Government, Tara Reid
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Monday Ten: A new McCain?
Spin CycleInterbank lending guarantees in Europe and a US guarantee of a Japanese investment in Morgan Stanley perk up foreign markets, with hopes for a better day on Wall Street, too. John McCain is hitting the reset button, rolling out......Tags: Scranton, John McCain
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Money: The greedy Mr. Thain, the rapacious Mr. Zell
Spin CycleMerrill Lynch CEO John Thain, whose company lost $11 billion and got taken over, has decided on second thought to withdraw his request for a $10 million bonus which we wrote about yesterday. He was blasted by, among others,......Tags: Employees, Career and Workplace, Citigroup Incorporated
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Has a Lazarus-like Lazio lost local base?
Spin CycleFormer hometown Rep. Rick Lazio may be eying a run for governor, but is Long Island still his political base? While Lazio, a executive with Morgan Stanley has kept his official voting address at his long time home in......Tags: Long Island
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Goldman Sachs wants out of TARP
The Swampby Frank James It's hard for Wall Street's masters of the universe to take orders from Washington policymakers since you're not really a master of the universe if someone else can tell you what to do, especially if some politician......Tags: CEO Pay, Goldman Sachs Group, Inc.
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Bankers say they 'get it' on bailout
The Swampby Frank James Vikram Pandit, Citigroup's chief executive officer, is really, really sorry his company was going to buy that French-made private jet and it won't happen again. Pandit told lawmakers at a House hearing today: Mr. Chairman, the......Tags: Barney Frank, State Street Corporation, Banking, Bank of America Corp., Corporate Officers
Jul 18, 2012
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Sep 15, 2008
|Blog| Newsday
Sep 19, 2008
|Blog| Chicago Tribune
Sep 22, 2008
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Sep 30, 2008
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Oct 1, 2008
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Oct 6, 2008
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Oct 13, 2008
|Blog| Newsday
Dec 9, 2008
|Blog| Newsday
Jan 19, 2009
|Blog| Newsday
Feb 4, 2009
|Blog| Chicago Tribune
Feb 11, 2009
|Blog| Chicago Tribune
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