Late this afternoon, the Treasury Department is scheduled to announce the results of so-called “stress tests” applied to America’s 20 largest banks. The idea is to determine how well they are prepared to handle further downturns in the economy.
The topic…
One way to report earnings.
This is earnings-report season for America’s banks, and lo, what signs and wonders it has wrought.
Goldman Sachs reported $1.66 billion in profits in the first quarter. JPMorgan Chase posted $2.1 billion in earnings. Bank of America,…
Hey, what’s with all these bonuses
They’re givin’ to the rich?
They’re fillin’ up their pockets,
Walk away without a hitch.
Gotta get myself some TARP
Because I hear it’s going fast. . . .
Things were hunky-dory last September between CEOs John Thain of Merrill…
