Real World Truths
Comparisons of the Crash of 29 and Now…
Posted by WSJ.com
Editor’s Note: It was the worst thing to happen to the U.S. since Fort Sumter. October, 1929. Wall Street crashed and helped drive the country into the Great Depression—a deep economic and spiritual wound that has afflicted three generations of Americans. Eighty years later, as the country struggles through the harsh aftermath of […]
Another U.S. Bank Bites the Dust
Let’s make a bet. If you can promise us that your bank is not the next to go under, then we can get you a great price on a share of the Brooklyn bridge. If you are worried about gold prices, then you probably are on suicide watch concerning your bank or investment firm. […]
BofA resuces Merrill + Countrywide, but who will rescue B of A?
Many investors are applauding Bank of America’s recent purchases, but does anyone really believe that BofA is immune to the subprime massacre? Is BofA well enough to stand the fate of their US based colleagues?
Sept. 15 (Bloomberg) — Bank of America Corp., the biggest U.S. consumer bank, agreed to acquire Merrill Lynch & Co. for […]
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Economy Will Stay Sluggish, Bernanke Tells Congress
Chip Somodevilla/Getty Images
Ben S. Bernanke, chairman of the Federal Reserve, testified before the Senate Banking Committee in Washington on Tuesday.
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