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The chairman of Wells Fargo will resign

The chairman of Wells Fargo will resign

The chairman of Wells Fargo agreed last year to help the company through the financial crisis, now Dick Kovacevich will be stepping down from the job as he sees that the financial crisis is over, I suppose. After 23 years of being with the company, …

Could the stock market turn around on March 12th?

A report on the CNBC website states that the stock market could surge on March 12th after the House financial services subcommittee re-examines mark-to-market accounting rules that are blamed for making banks write off billions of dollars.
Jon Najarian is expecting an “explosion” in the financial …

Will the government take action against Wall Street bonuses?

On Thursday, President Obama called the bonuses received by Wall Street executives “shameful.” Last year $18.4 billion was paid out in bonuses on Wall Street; even with the financial markets on the brink of collapse.
So, will the government step in to regulate these bonuses? Some …

When do you think the economy will start to perk up?

Instead of writing about another depressing topic dealing with bankruptcy or a crisis of any kind, I thought it’d be a nice change to look at the economy and wonder when it will get better.
JPMorgan says we haven’t seen the worst of it yet.
I think …

“Feel Good Factor” election brings does not trickle into financial markets.

Late last night, while most of us were asleep, the Nikkei ended trading up just over 4 percent, Hong Kong was up over 3 percent, Sydney, 2.9…However, today during trading European and New York markets were all down.
Even though a win for Obama, in the …