Stock Market News & Stocks to Watch from StraightStocks » Jimmy Stewart

An Intelligence Test for Bankers

Bill Bonner — Tue, 21 Jul 2009 23:59:19 +0000

h1 class="entry-title"It’s a good day for robbing a bank – they’ve got money for a change! strongHow fast the bankers redeemed themselves… /strongjust a few months ago, we were making jokes about them:br / /h1 div class="entry-content" p“What do you say to a banker who has lost his job on Wall Street?”/p p“Uh…can I have fries with that?”/p pBut now they’re geniuses again. And they can prove it…just look at their pay stubs!/p pAnd if there’s any fear that these dumbbells might blow themselves up again, you can forget it. Tstronghey’ve got the full faith and credit of the United States of American behind them./strong Here’s the latest from emAssociated Press/em:/p p“The watchdog overseeing the federal government financial bailout says the government’s maximum exposure to financial institutions since 2007 could total nearly $24#8230;/p/div

G20 Leaders Miss The Point… Bad News For Future Policy

Contrarian Profits — Wed, 19 Nov 2008 14:26:31 +0000

The G20 leader are wrong to blame reckless private banks for this credit crisis, says Martin Hutchinson. They were allowed to disregard risks by an overly accommodative monetary policy. Martin says this error means the focus of imminent new bank regulation will miss the key issues.

This from Money Morning:

The gathering of 20 largest industrial countries in Washington this past weekend – billed as a crucial G20 summit – turned out to be a rather dull scrum.

There were promises of a coordinated approach to bank regulation, additional economic stimulus packages, and increased allocations for the International Monetary Fund (IMF) –one of the five “aftershock-investing” opportunities Money Morning has counseled readers to watch for. But none of the G20 meeting proposals seemed even remotely…

Candidates and the Credit Crisis

Jeffrey Miller — Fri, 29 Aug 2008 02:10:10 +0000

At "A Dash" we join many others in closely following David Merkel's work on The Aleph Blog, one of our featured sites since its inception. David covers a variety of interesting subjects. He is authoritative on some and inquisitive on others, and he knows the difference. Today he cites a Bloomberg article [...]