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Citigroup's surprisingly low pricing of a stock offer this week provides a clear sign that investors are still nervous about the banking giant's ability to regain its financial health. ...more
December 18, 2009
I have started to get used to the inane idiocy that our illustrious lawmakers in Washington have been spewing, but the new law I encountered today really takes the cake. Having been the victim of identity theft several years ago, I was advised by my bank and my lawyer to not sign credit cards but, instead, to print "Ask for ID" on the signature line. This made perfect sense to me as an excellent theft deterrent, so I have done it for years. ...more
December 18, 2009
Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as they exit the bailout program: Billions more in tax breaks. ...more
December 17, 2009
Citigroup said Monday it is repaying $20 billion in public bailout money, freeing the banking giant from the close scrutiny and pay restrictions that came with the rescue program. ...more
December 15, 2009
President Barack Obama says chronic unemployment isn't merely academic and is "a struggle that cuts deep and touches people across the nation." ...more
December 3, 2009
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon. ...more
December 3, 2009
The American Bankers Association meetings in Chicago during late October drew a surprising variety of protesters. These ranged from unions to civic groups, political activists and even a person in a Downsized Man superhero costume. With the ABA in focus, I add my perspective and that of many other millions of American savers who decry the historically abysmal interest rates paid on savings. As banks grow healthier, the return on my savings just gets more anemic. ...more
November 28, 2009
Mildred Ballard, a retiree from Sun City Center, got a measure of assurance Monday that the drywall in her home is causing her thermostat to go haywire and the temperature to swing wildly. ...more
November 24, 2009
Facing fierce resistance, the Obama administration today backed off a plan to ban sales of raw oysters from the Gulf of Mexico during warm weather. ...more
November 14, 2009
Letters to the editor from Nov. 14 editions. ...more
November 14, 2009
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