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Tuesday’s market: Citigroup up. Morgan Stanley up. Wells Fargo down. Now comes news that Bank of America will need to raise about $35 billion in additional capital, on top of the $45 billion they’ve already received. Will be interesting to see what happens there. In longer term prospects, American International Group, Inc. is trading with [...] A lot of people say that the recent rally in the stock markets is due to a short squeeze, but The Financial Times says that short interest is on the rise along with the markets. A-Train says it’s a sucker rally, but generally a rise in short interest drives the market down, not up. In [...] … and I’ll bet that Art has something to say about it as well, and if not the A-Train, then perhaps the cats over at Mad Dog Media … Turkish? Nothing like giving the guv’mint the right to say “Okay, you’re fucking up, so we’re gonna shut you down and sell you off …” Tapping [...] Cuomo Blasts Big AIG Payouts – WSJ.com New York Attorney General Andrew Cuomo said Tuesday that American International Group Inc. granted retention bonuses of $1 million or more to 73 people in its AIG Financial Products subsidiary, including 11 persons who no longer work at the company. In a letter to House Financial Services Committee [...] |
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