Articles

Actually I don't think tax exempt municipal bonds will go the day of the dodo, but the success of the Build America Bond program is making many wonder if the tax exempt muni market is going to shrink significantly in the future.

The Republican Congressman wants to hang Ben Bernanke out to dry because he believes that the Fed Chief forced BoA Chairman Ken Lewis to go through with a bad deal.

The Securities and Exchange Commission has proposed a series of rulings that it says will reduce the change of losses for money market fund investors. The problem is that these rulings will also reduce the attractiveness of money market funds.

The idea that Twitter is somehow a central factor in the uprising in Iran shows how far the US media has fallen.

The Senate today passed a spending bill that included a provision for the cash for clunkers program. The program will provide up to $4,500 for individuals who trade in their old, gas guzzling cars.

Ten financial groups including JP Morgan Chase and Goldman Sachs were given permission by Treasury to repay $68 billion in TARP funds yesterday.

Irving Picard, the Madoff trustee, is taking a very aggressive approach vis-a-vis Madoff investors. Since he believes that the entire fund was a fraud, he has ruled that each investor is only entitled to a return of their basis.

Tomorrow, Ken Lewis, the head of Bank of America goes in front of Congress to testify on the events leading to the Bank of America acquisition of Merrill Lynch. The lesson that he gets should be one that every CEO should be required to adhere to.

Fed funds futures showed a 58% chance of a rate increase by November but many bond traders don't believe the Fed will raise rates over the next 12 months. Who to believe?

At a time when credit card companies are jacking rates and rolling back benefits, Chase has decided to launch a new credit card rewards program dubbed Ultimate Rewards. Is it any good?

Tiananmen Square was a big event, but it didn't change the world.

Today was a very exciting day across all markets globally as the 200 day moving average was breached to the upside.

Cash has quickly converted from the best asset class to the worst in 10 short weeks. Is it trash?

Last week, the American Bankers Association sent a letter to Sheila Bair, the Chairwoman of the FDIC complaining about the high rates offered by Ally Bank (formerly GMAC). Today, Ally Bank sent its rebuttal.

Have homeowners been helped by last year's Countrywide settlement?