If you keep putting pressure on the middle class it will break, that would be disasters for this country, as its success or failure is directly mapped to that of the middle class.

Do you see what’s happening to the dollar. I believe, and this is just a theory, the reason that the stock market is seeing growth is because most of the major companies on the DOW and S&P today are international companies, and are generating a great deal of the profits from international sources. As the [...]

$25M-plus insider trading case
“One of America’s wealthiest men was among six hedge fund managers and corporate executives arrested Friday in a hedge fund insider trading case that prosecutors say generated more than $25 million in illegal profits and should be a wake-up call for Wall Street.”
Breakdown: Raj Rajaratnam

Partner in Galleon Management
Portfolio manager for Galleon Group,
Hedge [...]

When hurricane Katrina hit New Orleans in 2005, thousands upon thousands of people lost their homes to the flood that followed. Many, I am sure got the proverbial at least you have your life, or we can, we will rebuild. But as you pass through the parishes today, you still see the evidence of that [...]

The economy is getting better, but people are still losing their jobs, and banks are still going bankrupt. At least we are told it’s getting better. They need someway to keep the engines running on Wall Street.
Although BankUnited is a regional player, it’s still somewhat of a larger bank, with nearly 14 billion in [...]

In banking size does matter, and when a big bank fails it has the potential of taking down the whole economy as many experts say the failure of Lehman Brothers did in 2008. But much of the American banking system is built on smaller, community banking institutions rather then the mammoths of Wall Street like [...]

For most people on Main Street, looking at Wall Street today, its almost trying to figure out what side is tails on a double side coin. Who the hell knows what’s going on? On one hand the government is saying that there are banks out there that are in good standing. But other banks need [...]

The end of Chrysler nears, at least before it is reorganized in bankruptcy court, at which point it may reemerge as concern owned mostly by its unionized worker force and the Italian car maker Fiat, better known to some Americans as Fix It Again Tony.
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“The American automaker Chrysler will file for bankruptcy on Thursday, an [...]

As Chrysler works against the government clock, it seems as they have come up with a plan that might keep the automaker out of bankruptcy court. Chrysler’s unsecured creditors have reached a preliminary agreement with the Treasury Department and United Auto Works which will change the ownership structure of the company, and keep them making [...]

The Supreme Court will hear arguments today that could change the way big banks are regulated. The case, “Cuomo v. The Clearing House Association” tries to figure out who has the right to regulate national banks, federal or state governments, when it comes to the mortgage business�
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“The case began four years ago, when Eliot [...]

The FDIC will take another hit this week, in the tune of $700 million caused by the collapse of 4 regional banks bringing the annual total failure to 29.
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“Banks in a bind: The recession has left regional banks reeling, with cash-crunched consumers struggling to pay off their loans.”
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The number of banks which have failed in [...]

We have been hearing a great deal about stress test this week. These are the test the Obama administration announced a few months ago, that will test the financial health of American banking and financial institution. This week we had encouraging news from many of the banks themselves, that first quarter numbers have been very [...]

Recently Wall Street has been blushing with optimism, based largely on good returns from the American Banking sector. However many question have come up with regards to how those numbers where reached, and how the banks accounted for the large loans received via the Government bailout program, TARP. The program allowed the banks great freedom [...]

How much can the average American Joe take, as their political leaders show greater willingness to feed the rich and care little for the everyman? After the September 11 attacks, Americans where asked to go out and spend. The strength of American was in its ability to spend money like there was no tomorrow. As [...]

New York State Attorney General, Andrew Cuomo, has been making headlines lately with his efforts to try and figure out the mess behind AIG, and why it continues to make decisions that anger US taxpayers.
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Congress and Cuomo’s office are asking AIG for detailed information on how and why billions of taxpayer dollars found its [...]