Archive - Feb 14, 2009 - Story

Stimulus bill caps banker bonuses to 1/3 of total comp, compliments of Chris Dodd (NYT, Naked Capitalism has great comment on this)

Berkshire Hathaway propaganda - first Warren, now Charlie Munger on restoring confidence... After S&P drops another 300 points it may well be Becky Quick (Washington Post)

The WSJ is out with a muchly regurgitated piece, which may, however, finally end up being right. Turns out the negotiations between bondholders, the company and the intractable UAW are going nowhere in a hurry, and as the company has a February 17 deadline to report on its progress (of which there has been none), it may finally be time to pull the plug.

While everyone is busy arguing over the stimulus bill, without having a clue what its over 1000 pages of "stimuli" include (it is actually split into a 496-page appropriations section and a 577-page tax package), the government is making sure that corporations with public

Friday the 13th was not a good day for banks, as regulators shuttered 4 more, after last week's 3, bringing the 2009 total to 13. This is already more than half of 2008's total closings of 25, when it took until September to get to a cumulative 13 shutterings.