September 21 - September 27, 2008
Saturday, Sep. 27
You'd almost expect Hank Paulson to take out his check ledger at the Treasury Department and begin scribbling. Reality is a lot different.
The rescue package will look a lot like what had been agreed to on Thursday – before McCain blew into town.
Friday, Sep. 26
The North Carolina banking giant has taken a huge hit with option adjustable mortgages.
NBC Universal CEO Jeff Zucker has a different take on the economy than his boss, GE CEO Jeff Immelt.
Service workers were asking for increased pay, improved medical coverage, and better training.
Just to state the obvious: If banks aren't willing or able to lend much money, the economy stalls out.
CEO Jeff Mezger says the housing market is unlikely to improve much in the near term.
As far as Socal is concerned, the fed seizure and J.P. Morgan takeover should not be that a big deal.
Thursday, Sep. 25
The WSJ just reported that the feds have brokered a deal for J.P. Morgan to buy deposits and branches of Washington Mutual.
Gov. Arnold Schwarzenegger said legislation to crack down on state-licensed brokers put the brokers at a competitive disadvantage.
Fasten your seat belts - House and Senate negotiators reached general agreement on the $700 billion rescue plan.
WaMu seeking buyer, Valley home prices keep sinking, Countrywide has another VIP, and L.A.'s vertical mall.
NY Sen. Charles Schumer says he hopes to have a bipartisan consensus on the rescue package sometime this afternoon.
Wednesday, Sep. 24
The legendary bottom-feeder also says that the single-family housing market should bottom out next year.
Not to sound like Andrew Sullivan, but there really is nothing the McCain people won't do to deceive voters.
Despite urgent calls by Bernanke and Paulson, more and more voices are talking about taking a time out.
Markets mixed after Buffett investment, ex-Countrywide executive loses B of A job, and old Tower Records store turns into boutique.
The Anderson Forecast expects lower personal income and high unemployment.
Tuesday, Sep. 23
Goldman Sachs, which was on the verge of collapse last week, might now be interested in Pasadena-based IndyMac Bank.
Even as it struggles to stay afloat, the savings and loan has to deal with questionable loans and house flipping.
The Dow has lost 533 points in two days, hardly a vote of confidence for the government's bailout plan.
While the company has taken steps to tighten up its inspection process, the system is far from foolproof.
More bailout talk from Bernanke and Paulson, California counties tops in home values, and Emmys telecast loses big.
Monday, Sep. 22
After 14 consecutive weeks of declines, it’s a good bet that gas prices are going up.
Just too many questions and too much nervousness about the government bailout plan.
Valley-based Doll-maker MGA Entertainment has more on its hands than the nasty copyright infringement case with Mattel.
Wowser! The $25-a-barrel jump is the biggest one-day price jump ever, though prices seem to be pulling back a little....
In the absence of any details on the government's $700 billion bailout plan, investors are getting antsy.
For the third time in six months there are new plans to remodel the Tom Bradley International Terminal.
Besides a big drop in state and local government employment – some of it seasonal - was a continuing decline in the retail sector.
The L.A. billionaire could get involved during a meeting today of the insurance giant's other big-money investors.
Stocks are down in early trading as investors take in the government's bailout proposal and a bunch of other stuff.
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The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
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