As banks and credit unions stop accepting California IOUs, a market for the securities has sprung up on eBay and Craigslist. Not so fast... California Sets Terms on IOUs as Questions Arise . As California continues to issue "IOUs", more controversy is brewing over their use. On one side, ... Read more

Wells Fargo (WFC) announced results and had a curious quote from the CFO Howard Atkins; which makes one wonder if Wells Fargo is becoming the new market barometer. They will do well in bad times but stay out of relative trouble when their peers blow their brains out with fads and manias. ... Rea ... Read more

There has been an interesting ride in the solar sector that was almost identical to what was seen in the tech bubble days in 1999 and 2000.  Just like the tech bubble, the solar bubble burst.  But there is still demand from customers to install solar panels on the roofs of their home or th ... Read more

Wells Fargo (WFC) A sharp eyed reader brought this one to my attention. Apparently in a CNBC interview there was mention of Market Disruption Costs of $4.3 Billion by Wells Fargo executives. Or so it was reported by readers. Then when you look at the press release and conference call transcripts ... Read more