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By admin, May 7, 2010 5:30 pm

David Henderson of Dru Stock describes the disbelief at the NYSE during Thursday's market sell-off. He says investors are scared, and market psychology is changing. (With video)

Continue reading The Market's Psychology Could Be Changing

The Market's Psychology Could Be Changing originally appeared on DailyFinance on Fri, 07 May 2010 18:30:00.

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By admin, April 10, 2010 10:55 am

A study found big banks like Goldman Sachs and Citi temporarily lower their debt by an average of 42% at the end of quarters. After their financial reports are issued, previous debt levels are resumed. Like Lehman Brothers' Repo 105 trick, this is dangerous for investors.

Continue reading Can Public Companies' Financial Statements Be Trusted?

Can Public Companies' Financial Statements Be Trusted? originally appeared on DailyFinance on Sat, 10 Apr 2010 11:55:00.

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By admin, March 24, 2010 7:00 am

This Western regional bank is up 77%, or almost $16 a share, so far this year. Not a bad turnaround for a company that was one of 2009's worst-performing stocks and whose future was uncertain. What's the trajectory from here?

Continue reading Zions Bank Rises From the Depths

Zions Bank Rises From the Depths originally appeared on DailyFinance on Wed, 24 Mar 2010 08:00:00.

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By admin, March 15, 2010 3:00 pm

The Connecticut Democrat's "Restoring American Financial Stability Act" is the most sweeping redo of financial regulations since the Depression. Among its many changes, it would establish a Consumer Financial Protection Bureau and prevent institutions from becoming "too big to fail."

Continue reading Dodd Unveils a Massive Financial System Overhaul

Dodd Unveils a Massive Financial System Overhaul originally appeared on DailyFinance on Mon, 15 Mar 2010 16:00:00.

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By admin, March 12, 2010 6:00 pm

Bankruptcy examiner Anton Valukas focused a lot attention on the business Lehman Brothers did with all the big banks. However, after an exhaustive review, he takes no real issue with anything they -- or even Lehman -- did regarding certain transactions.

Continue reading The Lehman Report Doesn't Fault the Other Big Banks

The Lehman Report Doesn't Fault the Other Big Banks originally appeared on DailyFinance on Fri, 12 Mar 2010 18:00:00.

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By admin, March 12, 2010 1:30 pm

Bankruptcy examiner Anton Valukas has released details about so many deliberate material misstatements the firm made in securities filings and public statements that former CEO Richard Fuld and former CFO Erin Callan and will almost certainly face criminal charges. Others could as well.

Continue reading The Lehman Bankruptcy Report Is a Road Map for Criminal Charges

The Lehman Bankruptcy Report Is a Road Map for Criminal Charges originally appeared on DailyFinance on Fri, 12 Mar 2010 13:30:00.

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By admin, March 11, 2010 1:47 pm

After months of trying to forge a bipartisan compromise, Sen. Christopher Dodd (D-Conn.), chairman of the Senate Banking Committee, says he'll go it alone next week -- and offer a finance reform bill without any Republican support.

Continue reading Dodd and Democrats Move Ahead on Financial Reform Without the GOP

Dodd and Democrats Move Ahead on Financial Reform Without the GOP originally appeared on DailyFinance on Thu, 11 Mar 2010 13:47:00.

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By admin, March 10, 2010 5:06 am

In what may be welcome news to its customers, Bank of America says it will end overdraft fees on debit cards. But there's also a downside: Cardholders will no longer be able to get away with spending more than they have on deposit in their accounts.

Continue reading Bank of America Kills Overdraft Fees on Debit Cards

Bank of America Kills Overdraft Fees on Debit Cards originally appeared on DailyFinance on Wed, 10 Mar 2010 05:06:00.

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By admin, February 23, 2010 6:18 pm

The Supreme Court in January gave corporations unlimited power to spend money on political campaigns, a move that could sway politicians in favor of big companies. As a result, Washington could become more inclined to rule in favor of the companies that it is supposed to regulate. The result could be ominous.

Continue reading Why American Industry Could Become Dangerous

Why American Industry Could Become Dangerous originally appeared on DailyFinance on Tue, 23 Feb 2010 18:18:00.

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By admin, February 23, 2010 6:18 pm

The Supreme Court in January gave corporations unlimited power to spend money on political campaigns, a move that could sway politicians in favor of big companies. As a result, Washington could become more inclined to rule in favor of the companies that it is supposed to regulate. The result could be ominous.

Continue reading Why American Industry Could Become Dangerous

Why American Industry Could Become Dangerous originally appeared on DailyFinance on Tue, 23 Feb 2010 18:18:00.