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Perhaps things aren’t looking as bad for WaMu.

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 …

Auto Makers Ask Congress for a Loan.

The big 3 auto makers in Detroit are planning on going to congress to ask for a $50 billion loan. They say it’s not a bailout, just an investment into more fuel efficient cars and to update factories.
Now let’s see, in the last year …

Inbev to buy Anheuser Busch

An American staple…Anheuser-Busch is considering a buyout from Belgian brewer InBev. They make Becks. That’s really the only beer they make that I have actually heard of. Even though Anheuser-Busch "does not confirm, deny or speculate on rumors of potential investments, …