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Wall Street

By Mike Taylor 12/30/10 12:22pm

Wall Street

Morning Roundup: The Prodigal Loan

  • When people say they’re mad at all the banks for not lending to businesses and getting the economy going again, you can tell them they’re crazy, because commercial and industrial lending rose by a whopping 0.2 percent in the fourth quarter. [WSJ]
  • Aggressive cost-cutting by the airline industry worked out okay until Read More

By Mike Taylor 12/20/10 1:27pm

Wall Street

Morning Roundup: A Real Need for Bonuses

  • Even though their salaries have risen substantially in recent years, it would still hurt Wall Street employees’ feelings if they didn’t get any bonuses this year. [NYT]
  • The accountants at Ernst & Young are in trouble with the state of New York for allegedly twiddling their thumbs and whistling to themselves as Read More

By Mike Taylor 12/17/10 2:41pm

Wall Street

Morning Roundup: No Luck for Ireland

  • Moody’s downgraded Ireland’s credit rating five notches and said more downgrades could come if the country didn’t figure out how to deal with all its debt. [WSJ]
  • If Ron Paul proceeds to hector the pants off Ben Bernanke in his new role as congressional Federal Reserve overseer, he’ll be following a long-established Read More

By Mike Taylor 12/13/10 12:58pm

Wall Street

Morning Roundup: Wall Street Is Doing Great!

  • Irving Picard, the trustee in charge of reclaiming funds for Bernie Madoff’s victims, plans to proceed with lawsuits against beneficiaries of the fraud. He will not be deterred by the suicide of Mark Madoff, Bernie’s son, this past weekend. [WSJ]
  • If you have been having trouble getting credit lately, you may be Read More