As we head to the last weekend before the holidays let’s recap a couple of stories: First, as expected, the White House stepped in and lent money to GM and Chrysler. The amount seems small to me. $17.5 billion is chump change to companies who are bleeding red ink the way those two are. So […]

Just to annoy you all I thought I would point out how little Goldman Sachs paid in income taxes this past year. Here’s the news report from Bloomberg: Bloomberg.com: U.S. During the election campaign John McCain made much of Obama’s efforts to straighten out and make fair the income tax code. Among other points McCain […]

OK I can hear you all saying: ‘What?’. Here’s the report from MarketWatch: Yield curve flattens in wake of Fed moves, no help for banks – MarketWatch I only offer this arcane news to you as part of my ongoing attempt to simplify things. The yield curve is an expression of the relationship between interest […]