As he often does, the satirist Andy Borowitz came painfully close to the truth in Thursday’s edition of his online “The Borowitz Report.” In a story headlined “Goldman Sachs in Talks to Acquire Treasury Department,” Mr. Borowitz writes:
In what some on…
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,…
Kimberly White/Bloomberg News
After bailing out banks, investment houses, a big car loan company and AIG insurance (twice), the federal government finally may be getting around to individual homeowners. It’s about time.
After all, it was failing mortgages that fueled this fall’s financial…
Monday was one of the most wrenching days in the history of the American financial system. One blue-blooded investment bank, Lehman Brothers, sought shelter under Chapter 11 bankruptcy laws, while another, Merrill Lynch & Co., announced it had sold itself at…
