Politics
Politics Articles
If you thought that things could not get much stranger at Freddie Mac (NYSE: FRE) or at Fannie Mae (NYSE: FNM), they may have taken an even stranger turn than most could imagine. David Kellerman,...
Published:
Last Updated:
Tim Geithner, the Secretary of the Treasury, spent some of the early parts of his career being attacked by Congress. Legislators were not happy that he could not come up with details about the...
Published:
Last Updated:
It seems that when Congress is not in session that there is at least some peace, some tranquility, and some notion of what the rules of the great financial game for tomorrow will be. But now that...
Published:
Last Updated:
TCF Financial Corporation (NYSE: TCB) has received approval from the U.S. Treasury to pay back TARP money it received. The bank will repurchase all of its 361,172 outstanding shares of Series A 5%...
Published:
Last Updated:
Banks are getting TARP money, but they are not using it to ease credit to consumers and businesses, at least to extent that taxpayers and some members of Congress believed that they should. According...
Published:
Last Updated:
The Administration is almost certainly going to have to go to Congress to ask for more capital for the TARP. It will have as its new point man Herb Allison, an old Wall St. hand and current head of...
Published:
Last Updated:
Why did the Obama administration name investment banker Steven Rattner as the head of auto task force knowing that New York prosecutors were investigating whether he had a role in a kickback scheme...
Published:
Sterling Bancshares Inc. (NASDAQ: SBIB) has just filed with the SEC to sell up to $150 million in a mixed securities shelf filing. The bank listed that it will sell any combination of preferred...
Published:
Last Updated:
How long has the U.S. been at odds with Cuba? For many of us, the answer is “Our entire lifetime.” And now things may start be finally on track to be turning. A headline came across the...
Published:
Last Updated:
There is one question that keeps making the rounds after the news of yesterday’s TARP bailout money inclusion being offered to life insurers. Are these really close to falling into the abyss, all...
Published:
Last Updated:
Exxon Mobil Corporation (NYSE:XOM) has reportedly received approval from the Russian government for its proposed budget for the Sakhalin-I project. Exxon owns 30% of the joint venture that is...
Published:
Last Updated:
If you have read us for a long period of time, you know exactly how we feel about the ratings agencies. We attribute much of the blame of the current financial crisis to their practices and the...
Published:
Last Updated:
What if the G-20 is like the stock market four weeks ago? No one thought the market would go up over 20% in less than five weeks. Many people did not think it would go up at all. The expectations for...
Published:
Last Updated:
Credit card processing fee legislation appears to be coming back. Whether it becomes law is another matter, but merchants are going after credit card processing fees via a fight in Washington...
Published:
Last Updated:
Back in January a federal three-judge panel ruled that Anadarko Petroleum Corporation (NYSE:APC) was entitled to royalty relief on production from certain Gulf of Mexico leases, even though the...
Published:
Last Updated: