Lydia H. had a problem. So did Liz R., Rene C. and Nansee K. Their problem was not all that unusual. In fact, their problem was one facing many people today: Banks refused to extend them credit. And why should banks extend credit? Did you know that the Federal Reserve is actually paying banks to sit...
The reprieve from Euro-news was short-lived. News that the Fed has been meeting with the executives at U.S. branches of European banks is raising the fear level of investors this morning. It's being reported that one European bank has recently borrowed $500 billion from the European Central Bank...
On Friday, I addressed my obsession with bank stocks. I get plenty of mail regarding this topic, and yes, some of you wonder if my banks stock obsession may be a little unhealthy. The answer, yes, it's very possible that bank stocks could come back to bite me. After all, like I said Friday, any bad...