Lehman's Fuld: Where Was Our Bailout?

WAS BAILOUT WAS THE RIGHT OF LEHMAN BROTHER?" Richard Fuld, the disgraced head of Lehman Brothers, said he would wonder "until they put me in the ground'' why the U.S. government did not rescue the 158-year-old Wall Street firm and claimed regulators knew the full scale of...

Eli Lilly to Buy ImClone for $6.5 Billion

"Eli Lilly agreed to buy ImClone Systems for $6.5 billion in cash Monday, putting ImClone's key cancer drug Erbitux in its portfolio"

Wall Street Gets Rescue, But What About Stocks?

" Stocks may get a short-term boost from today's approval of a $700 billion financial rescue package, but the longer-term outlook is far less certain. CNBC.com Bailout Decision With continued weakness in the economy and still-tight credit, market...

House Approves Bailout For Financial Markets

" The House approved a revised $700 billion financial rescue package, ending a weeklong battle over a controversial measure after lawmakers came under pressure to head off a growing financial crisis. CNBC.com Bailout Approved The plan, which was...

Marc Faber see the Fed as a drug dealer! « Peter J. Cooper’s Weblog

"In this recent CNBC broadcast forecasting legend Dr Marc Faber put the spotlight on the Federal Reserve as the cause of the global financial crisis and accused it of behaving like a drug dealer in making liquidity available."

Is there still a Wall Street Crash to come? « Peter J. Cooper’s Weblog

" The Dow Jones last hit bottom at 7,000 points in 2003 and it is not unreasonable in current economic circumstances – which are surely very much worse than 2003 – to expect at least a return to those levels."

Burj Dubai

"This is the latest available in images from the Burj Dubai, already the tallest building in the world with just a year to go to completion. Nothing demonstrates the amazing ambition of this city better than this iconic building which is the centre piece of the new Downtown...

Warren Buffett BIOGRAPHY....GOING TO HIT THE STAND .....

"   The first authorized biography of Warren Buffett goes on sale Monday, September 29, and it could very well be the biggest business book of the year, both in sales and weight.  (At 976 pages, the hardcover edition weighs in at three pounds, 6.5...

Why Warren Buffett invested in Goldman Sachs?

  Smartest investor of world beting on his billion Dollor Plan "   When Warren Buffett's Berkshire Hathaway invested $5 billion in Goldman Sachs, it came as a major surprise. Since the billionaire's massive investment comes at a time when the...

Crisis Damps US Consumer Recovery in September

"     U.S. consumer confidence rose to a seven-month high in September but not as much as previously thought as worries over the growing financial crisis clouded the outlook, a survey showed on Friday. AP The...

Buffett buys into Goldman, will he buy silver again? « Peter J. Cooper’s W...

" I almost expect Warren Buffett to say shortly that he has been buying gold or silver, and silver is actually at the best bargain levels since the last time Buffett bought it and doubled his money. Will he suddenly emerge as a surprise buyer of silver? Well, history does...

Turf war rocks Sikh temple

"At least two groups of Filipino-Indians are battling for control over the richest, oldest and largest congregation of Punjabis here, the Khalsa Diwan Sikh Temple in Paco, Manila. A ranking member has been killed in the turf war for supremacy in the predominantly...