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As it stands, the rest of us will be paying much money over a long time for the greed and bad judgment of those who melted down the economy. ...more
September 20, 2008
Are you capable of taking a perfectly good 158-year-old company and turning it into dust? If so, then you may not be earning up to your full potential. ...more
September 20, 2008
Putnam Investments on Thursday suddenly closed a $12 billion money-market fund and announced plans to return investors' money after institutional clients pulled out cash despite the fund's lack of exposure to troubled financial firms such as Lehman Brothers Holdings. ...more
September 19, 2008
The turmoil in financial markets is rattling jittery shoppers just as the retail industry prepares for a critical holiday season that already was expected to show the weakest growth in almost two decades. ...more
September 19, 2008
This is the peak of the hurricane season in the financial markets. ...more
September 19, 2008
Obamanomics Why it is that no one is mentioning that one of Sen. Barack Obama's chief economic advisers is Rubert E. Rubin, former partner in the failed Lehman Brothers financial institution? Until recently, he was a board member of Ford, which has been suffering severe losses, and chairman of the executive committee of Citigroup, another bank in financial trouble. ...more
September 18, 2008
There is just one problem with the genius of capitalism. From time to time, it veers off into barking madness. ...more
September 18, 2008
When Bill Crews, the chairman of Wauchula State Bank, and Tom Trevino, a broker with Merrill Lynch's brokerage in Sebring, spoke to the Kiwanis in Hardee County on Tuesday, they faced a deluge of questions. ...more
September 18, 2008
A soured investment in Lehman Brothers Holdings Inc. debt slashed two-thirds of the asset value of the nation's oldest money-market fund, exposing clients to losses despite their investments in a financial product normally seen as a safe haven even in volatile markets. ...more
September 18, 2008
Yesterday's news may not seem important to those citizens who do not have money invested in Lehman Brothers... ...more
September 17, 2008
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