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 ...

Filed under: International markets, Good news, Management, Citigroup Inc. (C), JPMorgan Chase (JPM), Bank of New York (BK), Wells Fargo (WFC), Chasing Value, U.S. Bancorp (USB) It is being reported today in the Business Journal that the safest bank in the United States is Wells Fargo & Company (...

Barry Ritholz has a depressing list of companies the were going gangbusters quite recently and are now damned near worthless.  A partial list: AIG (39 cents) Citigroup (98 cents) E*Trade (66 cents) Unisys (37 cents) Ford ($1.83) GM ($1.83) For those of us who don’t buy individual stocks, here...

Well now, let's just open the paper and have a look at the...OHMIGOD, what the hell, Jesus Christ, is the entire world economy collapsing today, worse than ever? Yes it is. Warren Buffett, the world's best investor, has his worst financial year ever in 2008. (Still better than your financial year). ...

And we just got fooled again. Today, we (and when I say we I mean the government, ergo taxpayers, ergo us) made another bonehead financial deal with the Bank-rupt CitiGroup. We didn’t necessarily give them anymore cash but about $25 billion we’ve already spent, we are taking in common sh...

We are lucky to have Barack Obama as president. I write that even though I believe the content of his Tuesday evening speech deserved no more than a B+ / A-, for its failure to seriously address the origins of the banking crisis and for only hinting at the severe military budget cuts required to get...

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...

Citigroup is in talks with the US Treasury about increasing government ownership of the troubled banking conglomerate....

Filed under: Yahoo! (YHOO), Hewlett-Packard (HPQ), General Electric (GE), Citigroup Inc. (C), Garmin Ltd (GRMN) Today was a disappointment all around. We were supposed to be up for once. That didn't hold. The "no nationalization" talk failed to help keep the broad market afloat. The breath of relief...