January 27, 2009 - publisher
Dear Mr. Pandit, Citigroup CEO
Last year kind of sucked for everyone with the financial industry meltdown, the housing industry slump, the steep nosedive the stock market took, the near bankruptcy of the auto industry, the worst unemployment seen in decades,...
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December 1, 2008 - publisher
Courtesy of OTCPicks.com
The stock market today suffered one of its worst days since the financial meltdown began, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again...
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October 29, 2008 - publisher
Feds Cut Interest Rate Half a Point
On Wednesday Oct 29, the Federal Reserve slashed a key interest rate by half a percentage point as it seeks to revive an economy rocked by the worst financial crisis in the better part...
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October 6, 2008 - publisher
Written by OTCPicks.com
Last Friday congress passed the $700B financial bailout bill and sent it to the President who summarily signed it. It seems that global markets did seem to think that the bailout would save us from a nasty global...
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October 3, 2008 - publisher
Written by OTCPicks.com
With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature.
The final vote was 263-171...
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September 22, 2008 - publisher
Written by OTCPicks.com
Oil prices were up more than $25 a barrel today as investors became unsettled about the government’s $700B bailout plans. This was the biggest one day price surge ever for oil.
The Fed is going to have to auction...
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September 15, 2008 - publisher
Written by OTCPicks.com
Sunday, September 14th is already being called Black Sunday for Wall Street as troubled financial giants Lehman Brothers, Merrill Lynch and AIG were all desperately seeking lifelines for survival as frenzied behind-close-doors meetings happened around the clock. And...
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