Banks That Had a Brain
Many banks have solid records, relatively little red ink and the prospect of long-term stability. But they are now grouped with the irresponsible highfliers that are about to crash and burn, if they haven't already writes Amy Klobuchar in today's Washington Post.
Three news organizations, the New York Times, the Washington Post, and CNN released survey results yesterday about consumers' reactions about the economy on a national basis. Here are two articles on the results. Soon Bannon & Co. will be conducting a Consumer Sentiment Study that will address local economic conditions and opinions of financial institutions. For more details on participating to gauge how the consumers view the economy in your markets see below.
Survey Reveals Broad Support for President
Americans are under no illusions that the country's problems will be resolved quickly, but this NY Times' poll suggested that they will be patient when it comes to the economy, with most saying it would be years before significant improvement.
Economic State of the Union
A look at some of the economic conditions the Obama administration faces and what resources have already been pledged to help from the Washington Post.
A 3rd Rescue Would Give U.S. 40% of Citigroup
As Washington prepares to tighten its grip on the struggling company, the implications - for the troubled financial giant and the rest of the industry - are starting to sink in according to this NY Times article.
Across Atlantic, Echoes in R.B.S.'s Lifeline
The revamping, which amounts to a radical dismembering of the bank's far-flung international operations and a severe retrenchment of its wholesale banking operations, will result in the elimination of about 20,000 jobs, the bank is expected to announce.
In Obama We Trust
The president doesn't lack self-confidence according to this WSJ opinion piece.
Entrepreneurs Can Lead Us Out of the Crisis
This WSJ piece suggests to us that the strategy behind the American Reinvestment and Recovery Act is wrong -- and worse, that the weapons it is using to fight the recession are obsolete.
