Word: bankses
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To fix the banks, Washington needs to get toxic assets off their balance sheets. That's easily said but not so easily done.
The rally that took the S&P 500 up 6.4% to 720 got most of its fuel from bank stocks. Whipping boy Citigroup (C) moved up 38% and that pulled other banks such as Wells Fargo (WFC) up almost 20%.
The big forces now weighing on the market are housing and bad bank assets. Will investors need to see resolution on those fronts before bidding stocks higher? You'll need to see three things for the stock market to improve: 1) toxic assets taken off the bank balance sheets so...
But Geithner's biggest problem - biggest besides the economy, of course - is that any hint of disorder heats up the already simmering public skepticism surrounding him. For many critics, the acknowledgment during his own confirmation process that he failed to pay taxes left two possible conclusions: either Geithner knowingly underpaid...
Banks, cheese, chocolate. The Swiss are famous for many things, but their prowess at sexual conquests usually isn't one of them. That makes the exploits of Helg Sgarbi, née Russak, even more exceptional. The 44-year-old former banker, handsome, tall and well mannered, has shown a...