Citigroup has created the Citi Homeowner Assistance program to help mortgage holders avoid foreclosure.
Citi is not the first and will not be the last bank to announce homeowner relief efforts. Bank of America and JP Morgan Chase have already taken recent measures to spare homeowners from foreclosures. Fannie Mae and Freddie Mac will release details of their […]
Government officials would not lend out billions of taxpayer dollars if they knew the loans could not be repaid, but when the loan is to a company like AIG, how could they ever really know?
I don’t think lawmakers and regulators would knowingly have us foot the bill for bad loans, but their actions demonstrate some severe holes in the […]
Have you ever paid for something and wondered why?
Most of the time this happens to me in restaurants. I order something that is supposed to be served hot and it comes out cold or I order something that is supposed to zesty and it comes out bland. In cases like this, I could send it back for another one, […]
The Bank of England cut a key interest rate by a larger than anticipated 150 basis points! Central banks across Western Europe followed the move, but much more conservatively.
The European Central Bank (ECB) and the Swiss National Bank issued cuts of 50 basis points.
BOE’s move was by far the most aggressive and for good reason.
The country’s […]
Many analysts commented that an Obama win would bode well with alternative energy stocks. Well, not on Wednesday!
Shares of SunPower Corp. fell 34 percent, closing at $32.85. SunPower saw about 7.6 million shares traded (over 2.5 times its daily average for the past three months) just one day after announcing that the recent strength of the […]
Throughout the election process I have heard several reporters say that the stock market favored Senator Barack Obama for President.
Why so? Well, it’s pretty simple. It had nothing to do with his experience, qualification or policy proposals. President-Elect Obama earned the market’s favor because when markets are down in the few months leading up to an election, a change in party typically comes to the […]
This is the second edition of Techie Tuesdays!Today’s stock is Starbucks. I chose Starbucks because I have been spending a lot of time blogging from their comfy couches with a Vanilla Frappuccino.
This Tuesday, I would like to introduce the Bollinger Bands. The bands provide two price lines on a chart, the upper band representing the […]
A multi-billion dollar cry for help from General Motors was denied by the Treasury Department. GM planned to use up to $10 billion to purchase its struggling counterpart, Chrysler.
The bad news got worse today when the automakers reported October U.S. sales. Dismal is an understatement.
GM saw a 45 percent decline while Chrysler’s sales went down 35 percent and Ford’s sales dropped 30 […]
Whether it is the “Straight Talk Express” or the “Yes We Can” crew, both parties are talking about change. Would the election of either change the stock market for the better?
Funny, while typing this I saw a McCain ad that was pretty straight to the point: “Barack Obama. Higher Taxes. More Spending. Not Ready.”
And who can forget, “the fundamentals of […]
TST’s first Fundamental Friday will analyze Dell Computer.
I am particularly fond of Dell, as its stock financed a portion of my college education. :) Many years ago, my mother stumbled upon Dell Computer when it was trading around $3. Between 1992 and 1999, Dell shot up and issued seven stock splits. Dell’s post internet bubble performance has […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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