Can you recall the last time the Dow fell 777 points in a single day? Well, it never has, until today. This post will be brief. I am going to forget about the market and focus instead on the Ravens/Steelers game tonight (I am from Baltimore, but moved to Pittsburgh earlier this year) to try and take ... Read more

Can you recall the last time the Dow fell 777 points in a single day? Well, it never has, until today. This post will be brief. I am going to forget about the market and focus instead on the Ravens/Steelers game tonight (I am from Baltimore, but moved to Pittsburgh earlier this year) to try and take ... Read more

It appears the FDIC has decided that in order to protect taxpayers and customers of the weaker banking institutions, it needs to coordinate private deals to boost confidence and limit the government's deposit insurance losses. So far they are doing a pretty good job given the current turmoil in the ... Read more

It appears the FDIC has decided that in order to protect taxpayers and customers of the weaker banking institutions, it needs to coordinate private deals to boost confidence and limit the government's deposit insurance losses. So far they are doing a pretty good job given the current turmoil in the ... Read more

A reader asks: "Curious what your thoughts on the bailout are. Is it necessary and what do you think of its presented form?" I definitely think something is necessary. The biggest problem I have with the plan is not the concept itself, but rather how Paulson and Bernanke have sold it to Congres ... Read more

A reader asks: "Curious what your thoughts on the bailout are. Is it necessary and what do you think of its presented form?" I definitely think something is necessary. The biggest problem I have with the plan is not the concept itself, but rather how Paulson and Bernanke have sold it to Congres ... Read more

A reader asks: "Curious what your thoughts on the bailout are. Is it necessary and what do you think of its presented form?" I definitely think something is necessary. The biggest problem I have with the plan is not the concept itself, but rather how Paulson and Bernanke have sold it to Congres ... Read more

If one of your first reactions upon hearing of Warren Buffett's $5 billion investment in Goldman Sachs (GS) was, "Wow, I didn't think Goldman was a Buffett-type company," you are probably not alone. Warren has typically preferred consumer-related businesses with wide moats (high competitive advantag ... Read more

If one of your first reactions upon hearing of Warren Buffett's $5 billion investment in Goldman Sachs (GS) was, "Wow, I didn't think Goldman was a Buffett-type company," you are probably not alone. Warren has typically preferred consumer-related businesses with wide moats (high competitive advantag ... Read more

Most of the steps taken by the Federal Government so far have been an attempt to prevent the current financial market crisis from getting worse, which would undoubtedly spill over to Main Street and the rest of the economy. The reason why there is a debate about whether we are in recession right now ... Read more