Charting Stocks

Courtesy of WhatReallyHappened.com

By Joseph Stiglitz
With all the talk of “green shoots” of economic recovery, America’s banks are pushing back on efforts to regulate them. While politicians talk about their commitment to regulatory reform to prevent a recurrence of the crisis, this is one area where the devil really is in the details – and the banks will [...]

The US government issued approval for 10 of the nations largest banks to pay back the TARP money.  The banks are:

It was only a month ago when Citigroup CEO Vikram Pandit assured the public that his troubled bank was “Profitable” for the first 2 months of 2009. The news sparked an immediate rally which lifted the oversold stock market from its March lows. We, at Charting Stocks, did not share in the new found optimism [...]

(Bloomberg) — Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets.
At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French [...]

AP Report
Former General Motors Corp. Chairman and Chief Executive Rick Wagoner won’t get a severance payment from the automaker, but he’ll still get a pension and other benefits worth an estimated $23 million.
In nearly 32 years with the company, Wagoner accrued pension benefits that the company valued at $22.1 million at the end of last [...]

General Motors CEO Rick Wagoner has agreed to step down as chief executive of the struggling auto maker. Mr. Wagoner was compelled to do so by members of the Obama administration in return for more bailout money for the automobile giant.
The following is a statement issued Monday by General Motors Corp.:
On Friday I was in [...]

A few weeks ago, we speculated that a bailout for the mainstream media may be on the horizon and today we sadly report that the first mainstream media bailout bill has been introduced.
(Photo courtesy of DavidIcke.com)

The markets jumped early in the trading day in a move  led by a “Leaked” memo by Nationalized Citigroup CEO Vikram Pandit which was sent to employees stating that the troubled bank was profitable in the first 2 months of 2009. He went on to describe their capital position as “Strong.”
The market, which was extremely [...]

Nationalized Citi disclosed that they spent about $3.5 million to provide rewards for top-performing advisers at its Smith Barney brokerage unit.
Smith Barney’s, the brokerage firm owned by Nationalized Citi,  gave its top 500 stock brokers $3,000 debit cards, according to a by the New York Post. The next 500 brokers received cards for $2,000 [...]