The bailouts keep coming, and they seem to be getting worse for taxpayers. The deal worked out over the weekend to prevent the collapse of Citigroup "is a terrible deal for taxpayers," says Campbell Harvey, a Duke University...
The Federal Reserve announced Tuesday that it will purchase up to $600 billion in mortgage-backed assets, the toxic assets that have been weighing down embattled government-sponsored enterprises like Fannie Mae (FNM) and...
BOSTON, MA--(Marketwire - November 24, 2008) - Below is the October 2008 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG) October 2008 Monthly Update Premium / Performance NAV Market Price (Discount)...
Bank stocks are no longer reliable sources of dividend income — a painful truth that cuts a little deeper now that one of the biggest traditional dividend-paying stocks, Citigroup Inc., is restricted under a federal bailout...
Analysts' opinions on stocks in the news Monday The federal government agrees to guarantee $306 billion of Citigroup's distressed assets and inject $20 billion in fresh capital. We are lowering our target price $1 to $7, a...
NEW YORK----Late Friday, U.S. Bancorp acquired the banking operations of two California-based financial institutions from the Federal Deposit Insurance Corporation . The transaction adds approximately $16.5 billion in assets...
As leveraged assets go down in value, the leverage multiples go up. Looks like all those option adjustable rate mortgages (ARMs) weren’t such a good idea after all: 1% teaser rates and loans that grow, rather than shrink, over...
Computer and printer maker Hewlett-Packard (HPQ) announced a profit for the fourth quarter that matched the preliminary estimates the company revealed last week. Results were boosted by strong growth in notebook sales and in...
Me Want Federal Bailout Too While Citi’s getting a handout from the U.S. Government, some small institutions are simply disappearing. $43 billion (market cap) US Bancorp today said it will buy two California thrifts that went...