You probably know the excuse by now. Someone at Citigroup entered a “b” instead of an “m” and initiated a 16 billion dollar sell-off of Proctor and Gamble, leading to a massive bungee jump in the Dow, dipping 1,000 points before bouncing right back and finishing the day 300 points off. The stock exchanges seemd [...]

Sen. Chris Dodd appears obsessed with getting a bipartisan financial reform package through the Senate Banking Committee, no matter if it makes a mockery of reform, no matter if it includes virtually nothing to protect consumers or deal with the problem of “too big to fail” financial firms. He’s already seeking to drop the Volcker [...]

We’re at a really tense time in America. The economy is improving mildly but job losses continue to mount. The stimulus package seems to have improved things and saved the country from disaster, but it wasn’t big enough, and its impact is basically peaking right now in terms of how much money is going out. [...]