Can Congress Bailout the US financial System? Should it?

(Washington, D.C. ; Right Commentary): To the American Public, the current financial crisis has many villains but none upon whom clearly to pin the blame. Taxpayers are angry at the notion of having to bail out banks, headed by millionaires, whom they believe cheated them out of values in their homes, and in some cases, [...]

What a Lehman Brothers Bank failure could mean for the US economy and banking system.

Even if Lehman can find a buyer, the venerable bank founded by Mayer Lehman in 1850, will be gone forever. Leaving only Goldman Sachs as the final bank standing of those banks that became New York financial titans founded by Jewish immigrants of the mid 1800’s.

Home Mortgage and Financial Turmoil Continues, is the end in sight?

Is this the end? Only time will tell - but it seems we’re in for another round of government intervention, emergency lines of credit, and Fed acrobatics.

Buy on the Rumors… Sell on the News….

Lehman beat expectations this morning in earnings:
AP
Lehman Profit Falls 57 Percent
Tuesday March 18, 9:17 am ET
By Stephen Bernard, AP Business Writer

Lehman Brothers Earns $489 Million During First Quarter, Beating Analyst Expectations
NEW YORK (AP) — Investment bank Lehman Brothers Holdings Inc. said Tuesday its fiscal first-quarter earnings fell 57 percent due to a steep decline in [...]

Lehman Brothers Denies “they’re next”… Wall Street Disagrees

Today, shares of Lehman fell dramatically on rumors that they might be “next” in losing liquidity among the Wall Street brokerage houses. The attached story ran today on the wires:
AP
Lehman Brothers Drops on Investor Fears
Monday March 17, 3:09 pm ET

Lehman Brothers Plunges; Analysts Doubt the Investment Bank Is Next Credit Crisis Victim NEW YORK (AP) [...]