“Education costs money, but then so does ignorance.” – Sir Claus Moser
Phew…Only $1.66 billion. It was only a short time ago that a billions dollar payment would be a big concern. Remember back to the 1998 collapse of Long-Term Capital management when an initial $1.8 billion hedge fund loss announcement...
It is amazing that shareholders put up with this horrific decision making. Instead of the company splitting into two, how about a brand new board of directors along with a new management team. True to the old adage: An new broom sweeps clean…
I wonder if this is what happens behind...
A report released at 1:30pm EST by Goldman Sachs is estimating that the global credit crisis is going to cost over a trillion dollars. Unfortunately, only a fraction of the amount has been written off so far. The analyst estimates that 40% of the amount will be seen in the...
Follow up from yesterday’s comments and trashing of Capital One (COF). It seems that we are not alone on this.
COF: Downgraded – JAGNote by Friedman, Billings, Ramsey Co., Inc.
COF: Downgraded – The firm noted they are downgrading shares of COF to Underperform from Market Perform and reiterating a...
Aside from Visa (V) or Mastercard (MA), it doesn’t seem as if the credit card issuers have been getting the attention they deserve. With all of the panic and concern surrounding the brokers and builders, perhaps plates are too full to take on any more. Yet, I have been...
