Stock options seem to be the big “benefit” when companies hire people. They entice prospective employees with options to buy their stocks at reduced rates, or matching what they buy. But what happens if the company gets sold for a ridiculously discounted rate? More so than other firms on Wall Street, Bear had encouraged its […]
And the crime family known as the RNC continues on: There are reports that former U.S. Senator Trent Lott is under investigation in connection with an on-going judicial bribery probe. Today’s Wall Street Journal is reporting that federal agents are investigating whether Trent Lott knowingly played a role in an alleged conspiracy to influence a […]
Why didn’t they start this years ago, before the collapse? The Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry, F.B.I. officials said Tuesday. The F.B.I. said it was looking into possible accounting fraud, insider trading or other violations in connection with […]
8:08 – Opening on the economy. HRC: Wants to invest in green technologies to create jobs. Bush’s rebate plan will leave 50-60 million people out. She did highlight that includes seniors on social security and their expenses have gone up more than their income. BO: Starts with quoting MLK. GWB has skewed our tax code […]
With the news of global markets sinking today, expect our stock market to go down when it re-opens from the holiday tomorrow: If futures contracts traded on a day when U.S. stocks weren’t even due to open are anything near accurate, then markets will be in for a major decline on Tuesday, with concerns about […]
Jim Cramer was on Hardball tonight talking about the economy and Bush’s big plan. To say he isn’t impressed with Bush’s plan would be an understatement. Like Cramer points out – how much do tax credits help? No one will see those for months, if that. The economy doesn’t have that long. Besides that the […]
And not in a good way Wall Street resumed its downward trek Friday as skittish investors, unable to hold on to much optimism about the economy, drew little comfort from President Bush’s stimulus plan. Investors had already pulled back from a big early gain, with the major indexes trading mixed as Bush began to speak. […]
Considering all the bad news coming out of Wall Street today , It’s really no shock voters are concerned about their economic futures.
Old Turdblossom is leaving the White House: Karl Rove, the political adviser who masterminded President George W. Bush’s two winning presidential campaigns and secured his own place in history as a political strategist with extraordinary influence within the White House, is resigning, the White House confirmed today. In an interview published this morning in The […]
It appears now that the Justice Department may have delayed the investigation into Rep. Rick Renzi until after the elections last year: As midterm elections approached last November, federal investigators in Arizona faced unexpected obstacles in getting needed Justice Department approvals to advance a corruption investigation of Republican Rep. Rick Renzi, people close to the […]