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Bank executives are paying back TARP funds

Posted in Global Report

The favorable terms of the TARP program have been an angry blip on almost everyone’s radar. The main fallacy was perhaps the fact that the TARP project was (and is) direct intervention on the capital markets. The result has been unsatisfactory and with basically no interest, banks have been able to build profit and jump [...]

Last admissions to Trading Challenge

Posted in After the Bell

The Surefire Trading Challenge started a while back with fantastic results. Due to the popularity of the challenge, the site is now soon closing adminissions for new members. It is still open but tomorrow, Thursday March 19, it is cosing the admission doors at 12.00. Almost 600 traders joined in competition and the 6 highest [...]

Additional AIG bonuses incoming

Posted in News

President Obama made it clear recently that the AIG bonuses are an outrage.  The statement concerns bonuses already paid but…  there are more AIG bonuses contracted not yet paid as just commented just now from the White House. What conditions these bonuses will be governed by is still undecided but very probably the battle over [...]