No Hope for Installment Loans as A-List Banks Repay Bailout Funds
Banks Feel The Heat
As many of the nation’s A-List banks including Goldman Sachs decide to pay back government aid, it is a sign of impending doom for the public waiting in line for installment loans. Economists view such a move skeptically. While it may seem to be a sign of [...]
Turner Radio Network Part 2 | Bank Stress Test Results
Big five in big trouble
As I reported in Turner Radio Network Part 1, the U.S. Treasury has said that the bank stress test results are not in yet. However, Turner Radio Network published on its blog what it says are the results of the tests conducted on the 19 biggest [...]
Byron Trott to Start Merchant-Banking Fund
Warren Buffet’s adviser leaves Goldman Sachs
The man responsible for advising one of the richest men in the United States is leaving his job to start his own merchant-banking fund. Byron Trott is financial adviser to Warren Buffett. He has worked at Goldman Sachs for 27 years.
More about Trott
Trott lives in [...]
Durable Goods Orders Up | Are We Buying Again?
Orders for big-ticket items up
Perhaps it was the Obama press conference March 24, in which he revealed that the Federal Reserve may begin buying Treasury securities. But whatever the case, Greg Morcroft of the Wall Street Journal reports that U.S. financial stocks have, for the time being, regained positive footing. [...]
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