Confession: Originally this post was going to be on the Lex Luthor Bailout video that's going around online starring Mad Men's Jon Hamm in a really bad (and visible) bald cap. Yeah, it's cute, it's funny and it's got a lot of Superman references -- but then this puppy came along and cracked me the h...

We’ve definitely hit hard times when even the super villains need bailout money. By the way, if you don’t immediately recognize the actor under the bald pate, that’s John Hamm,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]...

Last week, I offered to wager a friend that, “In the next three years, Fannie Mae will be engaged in a variety of business activities which are market sensitive. …” Old Doom friend Bill Maloni often has unique insight, but this time he’s brought us something special. He’...

Great. In a speech to a closed gathering at the Lowy Institute in Sydney on Thursday, Paul Keating gave a starkly different account of Geithner's record in handling the Asian crisis: "Tim Geithner was the Treasury line officer who wrote the IMF [International Monetary Fund] program for Indonesia in ...

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 ...

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Filed under: International markets, Bad news, Market matters, Federal Reserve, Financial Crisis The U.S. banking crisis is getting more and more bizarre by the minute. We now focus on AIG. This is probably the greatest understatement of the decade: "AIG, American International Group Inc. (NYSE AIG) ...

“I do not know whether they have brainwashed themselves or what?” said Paul to Bloomberg when asked to comment on the presidential decision to help the economy weather the crippling recession with a USD-787-billion stimulus plan. “For a government that is totally broke, I can hardl...

Gosh Obama - you have been in office a whole 35 minutes. Why haven’t you fixed the economy already? Obama can throw a kajillion dollars at this economy and it won’t fix the problem. As Suze Orman says, “What makes you think this is about money?”  This is a problem in peopl...