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Treasury’s Herb Allison Needs a Truth Enema »

According to testimony yesterday from Treasury official Herb Allison, who is currently charged with overseeing the management of the TARP, there are no financial firms now guaranteed as ‘too big to fail.’ What rock did Herb just crawl out from? The Wall Street Journal addresses Herb’s ridiculous comment in writing, Treasury Official: ‘No Too Big [...]

Uncle Sam Winks Again at Citigroup’s Credit Card Fees »

When a company, which is a ward of the state, increases credit card fees can it be said to be the equivalent of a tax increase? I believe it can. In that vein, Citigroup is raising taxes on its credit cards by initiating annual fees. The Wall Street Journal highlights this development and reports Citigroup [...]

Obama’s Contributors »

Since AIG is big in the news right now, with Obama claiming his faux outrage over the bonuses, and Chris Dodd saying, “Don’t blame me!” “I mean, do blame me!” (c’mon, don’t you KNOW Rahm Emanuel showed Chris just how they do it in Chicago to make him take the fall for this?), I thought [...]

Things You May Have Missed »

Stay tuned for LD’s Central Station — which is turning into a weekly Saturday morning LIVE chat that is NOT to be missed! — starting at 9:00 a.m. to Noon where you can ask the master himself, LD (!), as we navigate the economic landscape. LD is a Wall Street veteran who welcomes sharing his [...]

“When Big Ben Speaks….” »

(bumped up from early today by Susan) Against the backdrop of the frozen tundra, numerous members of the storied Pittsburgh Steelers franchise have reached legendary status. Included in this family are such greats as Jack Lambert, Mean Joe Greene, Terry Bradshaw, Rocky Bleier, Franco Harris, John Stallworth, Lynn Swann, Chuck Noll, and the longtime owner [...]