Maybe some smarty pants MBA can help me out—but preferably not one of those guys who pretends to understand those gee whiz Weapons of Financial Destruction known as derivatives. Last week that day finally arrived when you could buy a share of Citigroup at the Dollar Store. And in the pattern that ...

Last week I wrote about a day of infamy, but did not get around to talking about this. I was too happy about President Obama following through on his pledge to get our military forces out of Iraq. On that same day, the government did something that was not so good. The Fed essentially took control o...

Putting a price on anything is not an obvious process. All those pricing textbooks that you read are only good enough to tell you what to avoid. Given that an engineering education and a geek-desi background often biases you towards expecting logic in everything, I am sure many were horrified to lea...

why don't they skip the middleman and just deposit the cash directly into the bank accounts of the board members and the senior executives... this smoke and mirrors shit is enough to gag a maggot... The Treasury Department reached a deal late Thursday to take a stake of 30 to 40 percent in Citigroup...

Memo to Citibank employees: if you receive a letter requesting $27 million for the Bank of Ethiopia, check to make sure it wasn't posted in Nigeria. The GOP attacked Obama on the stimulus... but this guy couldn't name a single piece of "pork," not even a general category. You have ...

I received an email with an opinion from an insider. I thought you might find it interesting amazing alarming. His email goes like this: With all the talk about nationalizing Citibank, or B of A, many are failing to understand that the government has effectively nationalized most banks to begin with...

Bad day on Wall Street today, folks. The S&P 500 closed at the lowest level since April 1997. The NYT explains: Analysts said that after fevered speculation last week about bank nationalization, many investors now expect the government to move in that direction, despite statements from the White Hou...

But what the hell is the point of the Obama Administration placing a “stress test” on banks?  Seriously now… Top advisers to President Obama, including the Treasury secretary, Timothy F. Geithner, have insisted repeatedly that they want to keep the major banks in “private handsâ...

If you have a Home Depot credit card, this is for you. Or if you have another Citibank credit card, this is for you too. They are raising their APR’s DRAMATICALLY. Up to 26% or up to 30% if you have any late payments. What’s more, they are sneaking the announcement in a mailed monthly statement....

The Republican Party gave us the current recession, just like the Republican Party gave us The Great Depression. Despite the fact that Republican economic policies have historically proven to be WRONG-headed, over-and-over again, these dumb-asses want to dictate to the majority how we should proceed...