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The government bailout of the big Wall Street banks has yet to pass. Congress is holding out because they just can’t agree on the terms of the bailout. Unfortunately, with every day that passes these banks get closer and closer to failure, and …

One day after the UK Financial Services Authority pulled a similar stunt, the SEC temporarily banned the short selling of almost 800 financial stocks. According to the ban, on October 3rd short selling can resume.
With the news on Friday, financial stocks rallied.
Here’s the list …

Even after the S&P lowered the savings-and-loan credit rating today Washington Mutual’s shares rose 16% higher than opening. WaMu was one of the largest profiteers from the housing boom and is now in trouble with the largest mortgage lenders going belly-up. There are even …

Wachovia announced they lost $8.9 Billion and not only had to cut dividends, but also said they were going to lay off 6,350 people and get rid of another 4,400 open position and contract workers by 2009. This is part of their plan to cut …

I have spent the better part of 4 years wasting away in Oxford, MS. Over this time I have seen some strange things. I’ve seen everything from hippie jam sessions in the grove to people walking out of bars with missing shoes. …