Columns

A Senate panel voted 16-7 in favor of reconfirming Federal Reserve chairman Ben Bernanke, despite the fact that many Americans feel the Fed has waded beyond what is safe in rescuing the markets.

Did you know that Wells Fargo (WFC) is running the equivalent of a Bank of America (BAC) in Enron-style, off balance sheet vehicles?

It should come as no small surprise that the threat of a downgrade to the US's triple-A rating, which the country has had since World War I, comes at the same time the White House and Congress are allowing TARP mission creep.

FOX Business has confirmed that Citigroup is in talks with the government over a $15 billion equity offering to pay back $20 billion of its Troubled Asset Relief Program obligations, possibly as early as this week. It is aiming to close out the TARP funding before year-end.

It makes perfect sense that Bank of America is pursuing Robert Kelly, chief executive of Bank of New York Mellon, to replace Ken Lewis as CEO.

Expect dismal fourth-quarter numbers from Fannie Mae (FNM) and Freddie Mac (FRE), as the Treasury moves to pacify the markets by lifting their total credit facilities beyond $400 billion.