Wells Fargo out of Red?

Wells Fargo earnings surprise sends market surging

Stocks surged Thursday to their highest levels in two months after banking giant Wells Fargo & Co. surprised the market with an early profit report that blew past analysts' expectations thanks to a strong increase in its lending business.

Wells Fargo says it expects 1st-quarter profit of $3B, easily surpassing expectations

It's be a interesting week ahead with most of the banks coming out with their 1st-quarter results. This ain't a bad start and lets just hope that they have done well too.

Gobama... faux pas???

Republicans say he will bankrupt the country.....more on this here.

What have we got here

Pretty interesting piece of news this.

Can Marijuana Help Rescue California's Economy?

Finally, stop it already with this socialistic crap.

Europe's Economic Stimulus Message: Enough Already!

how the financial crisis happened

The End of the Financial World as We Know It.

And

How to Repair a Broken Financial World.

Oracle of Omaha Speaks'

Buy American. I Am.

In other news, A.I.G. to Help Cuomo Recover Millions in Executive. Pay
About time they did that.

Yay!!

Paul Krugman wins this years Nobel for economics. Used to follow his articles/columns right from my engineering days, first in Hindu, and now in NYT.

Straight From the horse's mouth

Enuf said.

Get ready

For a bloodbath in the stock exchanges around the world today.

Well this is just a minor setback for the proponents of this bill and the congress may ultimately pass the bill but this defeat in the house of Representatives gives you an insight into what the majority of people think regarding this ridiculous idea of bailing out the wall street firms with tax payers money, will they do the same thing on a personal level?

Let the markets take their own corrective measures, and I know it'll be a long drawn process and a pretty painful process too but hey you gotta do the right thing no?

Thought for the day

Don't judge what you don't understand.

P.S: Well written and which even a lay man like me can understand. http://http://www.time.com/time/business/article/0,8599,1842123-2,00.html

A much better explanation but a tad bit technical.

Edit: Ah!! the irony, news is that American government is going into regulation of the two left over Investment banks, so is this the last nail in the coffin of free market economy as we know or should say are preached my Asserica?

To do, or not to do

Just read the news that the Feds bailed out the ailing AIG by lending 85 billion dollars. Before this, it did the same for Bears sterns, the question that's been lingering at the back of my mind is how justified is the government in doing this with the tax payers money? and that too for companies who have made bad investment calls, doesn't it set a bad precedent of sorts where the banks hereafter can go into risky transactions where if it pays of, well and good but if it doesn't won't they look at the fed to come bail them out.

A much more relevant question in regards with India is do they continue with deregulaization of banking & Insurance sectors or after seeing the US experience re-evaluate their policies?