The Radford Free Press – Page 478 – All life is problem solving.

Economics / bailouts, banking, bankruptcy, CIT, GE Capital, GMAC /

RIP CIT?

July 16, 2009

Now that the government has refused to offer any form of bail out it looks as if CIT the medium sized small business lender will have to file for bankruptcy. This is a newsworthy event for a couple of reasons: “Poor old CIT was just ‘too-small-to-save’.” It gives us all an indication of where the […]

Economics / banking, Goldman Sachs, JP Morgan Chase /

Bank Profits: Fair Game For a Special Tax?

July 16, 2009

The record revenues and profits being reported by JP Morgan Chase and Goldman Sachs ought to have made you think a little about the nature of the banking industry. I applaud anyone’s ability to make profits – that’s why these folks are in business – but its a little unfair that they are doing so […]

Economics / unemployment /

Muddied Unemployment Data

July 16, 2009

This morning’s release of the claims for unemployment assistance are difficult to use as indicators of a trend. The good news is that both initial and continuing claims totals dropped from last week, with initial claims declining to 522,000, the lowest weekly point since January. The bad news is that this improvement probably is an […]

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