Execs at five biggest Wall Street firms got huge bonuses — while their companies’ stocks tanked
Add comment September 22nd, 2008
If Wall Street wonders why it isn’t warmly regarded by the average American these days, it might ponder stuff like THIS.
Posts filed under 'Wall Street'
Wall Street welfare
Add comment March 18th, 2008
The next time they tell you about the AMERICAN FREE ENTERPRISE SYSTEM, laugh in their faces, call them naive and tell them to grow the hell up.
Oh, you might also want to support politicians who don’t lie to you about corporate welfare.
UPDATE: Some of the folks at Bear Stearns, facing the tragic possibility of having to SELL THEIR WEEKEND HOMES, are availing themselves of grief counselors. Oh, the humanity!
Wall Street’s bears are stern
5 comments March 17th, 2008
Sorry for the lame pun in that headline, but as an Irishman, I refuse to address the financial-market problems on this St. Patrick’s Day with some line about the burnin’ of the green.
Anyway, the SITUATION is such at this pre-dawn hour that investment bank Bear Stearns has lost 99 percent of its stock market value in the past 14 months and is being sold for a pittance.
UPDATE: Fed bailout of Bear Stearns “crosses a line,” it says HERE.
More jitters on Wall Street tomorrow?
Add comment January 22nd, 2008
THIS, which came out after the final bell today, is pretty scary.
Does it portend trouble in the markets on Wednesday?
UPDATE (1/23/08, 3:33 PM CST): Stock prices SOARED Wednesday. The economic scare is over. No recession looming. Nothing to see here, folks. Move on. Return to your homes. (If only it were that simple, right?)
Tuesday looms scary on Wall Street
Add comment January 21st, 2008
Hey, maybe we could keep the stock markets closed for the whole week rather than face THIS.
UPDATE: THIS PIECE in the Wall Street Journal raises the specter of a “deep recession.”