Management at AIG (AIG) has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have been funded. The insurance company then plans to ask for whatever is left  to fund its deficits so that it can stay in...

Filed under: Management, Bank of America (BAC), Financial Crisis In a memorandum sent to employees on Friday, Bank of America (NYSE: BAC) CEO Ken Lewis dismissed rumors of nationalization and said that the company would not need any more government assistance: "Bank of America does not need any furt...

Words from the (investment) wise for the week that was (February 16 – 22, 2009) A perfect storm of a deepening global recession and banking woes last week battered equities and supported the safe havens of the US dollar, government bonds and gold bullion. A dismal corporate earnings outlook, fears...

Filed under: Cisco Systems (CSCO), Hewlett-Packard (HPQ), Bank of America (BAC), Comfort Zone Investing Ted Allrich is the founder of The Online Investor and author of the book: Comfort Zone Investing: Build Wealth and Sleep Well at Night . In this weekly column, he'll offer advice to investors who ...

Filed under: Earnings reports, Cisco Systems (CSCO), General Electric (GE), Market matters, Bank of America (BAC), Financial Crisis It was hard to get a good a gut feel for what the market was doing today, regardless of the closing bell levels. The day was held up because Tim Geithner delayed by a d...

What a great week! I am so happy we stuck to our guns after that very disappointing Monday session. Fortunately, after the awful finish the market had to last week , I went into last weekend's Economic Overview with the full intention of making a bear case for the market going lower and ended up rea...

Much of the crisis in the banking industry has been blamed on the inaction of the boards of directors at companies including Bank of America (BAC) and Citigroup (C). Some of Citi's most prominent members have left, probably not entirely of their own volition. The board at B of A has been savagely at...

The Big Banks vs. America: A Roundtable with David Kotok and Josh Rosner January 26, 2009 ~~~ “Banking bailouts were sold to us as a “necessary evil” because we were told only our existing network of banks could irrigate the economy with cash and so rescue industry. Now we know the...

Filed under: Management, Bank of America (BAC) Bank of America (NYSE: BAC) CEO Kenneth Lewis has received the dreaded vote of confidence from his company's board of directors. In a statement, Bank of America lead director Temple Sloan said that "The board today during their regular meeting expressed...

The indices continued their range-bound trading today. The early strength gave way to selling mid-morning. I’m not sure whether to blame it on Obama’s economic press conference or technicals — the Nasdaq approaching its 50-day moving average and the indices hitting last week’...