Bank pay overhaul?

The Presidential Administration of Barack Obama is considering reforming the way financial institutions pay their employees. Primarily they are trying to align pay with long-term performance. It’s about damned time. Power to enforce such measures would come from...

About the stress tests by the Treasury Secretary

Happy Friday everyone! I am heading out to see the new Star Trek movie! Oh yeah! I’ll let you all know how it is…early reviews all love it. For today’s post I wanted to copy yesterday’s op-ed piece by U.S. Treasury Secretary, Timothy Geithner....

Update from March 12th

Back on March 12th of this year I posted a blog entitled, “Bottomed out?” At the time I was reluctant to make a call as to whether or not a bottom had been reached in the equity markets. There was still a lot of uncertainty. However, I was comfortable...

Simply stated…wow!

In yesterday’s post I had said regarding the fact that Bank of America was going to have to raise massive amounts of new equity to improve its risk profile: “It will be interesting to see what the financial market response is to this BAC news. If the...