Archive for September, 2009:

China: Citi Was “Prudent And Careful” During The Financial Crisis

{ Posted on Sep 30 2009 by Vincent Fernando }
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Categories : All, Clusterstock
Post-financial crisis, China wants Citi to become even larger within its borders. Apparently the US government's 34% stake in the company isn't an issue either. Regulators here actually appear friendly to the bank. Maybe it is because they want to turn ...Read More »

BREAKING: Erin Burnett Goes Dark

{ Posted on Sep 30 2009 by Joe Weisenthal and John Carney }
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Categories : All, Clusterstock
Unless there's something wrong with our TV this morning, it's clear that Erin Burnett has opted for a darker shade of brown hair. In fact, her whole look just generally seems a bit dark. Readers: Are you seeing the same thing?  Join the ...Read More »

Sorry, Matt Taibbi, Naked Shorting Didn’t Bring Down Lehman Brothers

{ Posted on Sep 30 2009 by John Carney }
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Categories : All, Clusterstock
Naked short selling played no role in the downfall of Lehman Brothers. We know this is true because the government and the New York Stock Exchange measure naked shorting in order to implement a rule called Reg SHO. And Lehman ...Read More »

Health Insurers Use Healthcare Reform As A Marketing Gimmick

{ Posted on Sep 30 2009 by Lawrence Delevingne }
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Categories : All, Clusterstock
Seniors, beware. A health insurance mailer to seniors obtained by Talking Points Memo exploits fears over healthcare reform, warning of "new" reductions in Medicare benefits imposed by Congress. TPM: It announces: "IMPORTANT: NEW MEDICARE CHANGES." And continues: "Your Medicare benefits have been reduced ...Read More »

Bob Dylan Releasing New Album With Citigroup!?

{ Posted on Sep 30 2009 by Yael Bizouati }
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Categories : All, Clusterstock
Bob Dylan has been knockin’ on Citi’s door making an unlikely arrangement with the bank -- his Christmas album will be available to 13 million customers enrolled in the company's rewards program, during the week before it hits stores on ...Read More »

The Dollar Bulls Regroup For A Run

{ Posted on Sep 30 2009 by Vincent Fernando }
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Categories : All, Clusterstock
Dollar bulls are regrouping despite recent dollar warnings from World Bank president Robert Zoellick. Since then, the Japanese finance minister, French central bank, and Russian central bank have come out in support of the dollar as reserve currency for the world. Barron's ...Read More »

CIT Bagholders Stuck With 37% Loss

{ Posted on Sep 30 2009 by Joe Weisenthal }
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Categories : All, Clusterstock
Warning: This is what happens at the end of the trash financial merry-go-round. Shares of CIT (CIT) are off 37% on news that the company is probably headed for some resolution that will leave equity holders with nada. There are still ...Read More »

Bove: Dimon Headed To The Public Sector

{ Posted on Sep 30 2009 by Yael Bizouati }
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Categories : All, Clusterstock
Today Dick Bove muses on the fate of Jamie Dimon? Will he stay on? Will he wait and weigh his options? “He will leave in two to three years. He is unlikely to leave the company until it is performing at peak ...Read More »

Barclays In Talks To Save CIT

{ Posted on Sep 30 2009 by Yael Bizouati }
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Categories : All, Clusterstock
Embattled lender CIT is in talks for financing from Citigroup  and Barclays Capital, Bloomberg says. Last night it came out that the company was close to handing control over to bondholders or declaring Chapter 11. A source tells us that as Barclays ...Read More »

Pros and Cons: 30-Year Mortgage vs. 15-Year Mortgage

{ Posted on Sep 30 2009 by April }
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Categories : All, Get Rich Slowly
This post is from GRS staff writer April Dykman. My husband and I are in the early stages of building a house. As we modify our floor plans, the amount we’ll need to borrow to build is on our minds. It’s ...Read More »
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