Under the current stress test criteria, both Citi and the Bank of America would fail. Then what? Bail them out of let them recover on their own? The bail out skews the balance of the economic playing field and completely distorts the free enterprise system.
The company's situation reflects problems throughout the life insurance industry as investments suffer. Further strain could bring about a second financial crisis.
The Red Sox have agreed to terms with Dustin Pedroia on a six-year deal.
The key to hybrid and all electric vehicles is to develop more efficient, lighter and more serviceable batteries. US manufacturers have some serious catch up to do! Producing a hybrid SUV that weighs nearly 3 tons is silly.
A company that booked acts for an Italian festival has gone bankrupt.
The Ku Klux Klan is emerging from decades of disorganization and obscurity, and the turnaround is acutely evident -- more than 200 hate-related incidents have been reported since the Nov. 4 election.
Rush Limbaugh and Sean Hannity dive shamelessly in, talking about the 'Obama recession' and other partisan lines.
Incidents involving swastikas and racial slurs were reported Sunday in the Hollywood Riviera area. They are being investigated as possible hate crimes, police say.
Rhode Island posted the worst unemployment rate in the nation in September.
With home values down, costs up and their 401(k)s declining, some seniors have had to rethink retirement.
Queries are directed through the McCain campaign machine. Her political capital at home is eroding.
The Republican vice presidential candidate says students should be taught about condoms. Her running mate -- and the party platform -- disagree.
Sarah Palin shares nothing but a chromosome with Hillary Clinton. She is Phyllis Schlafly, only younger.
Authorities said Arkansas Democratic Party chairman died after shooting at state party headquarters.
In a ceremony punctuated by talk of courage, service and sacrifice, the mother of a Marine on Saturday christened a warship honoring her son, who died after covering an exploding grenade in Iraq.
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Transparency - are you kidding?! Did you not forget the $300 BILLION Housing bailout of last month, the current $641 BILLION Spending Bill, the gifting of Bear Sterns to JP Morgan, and the bailout of FANNIE and FREDDIE.
So long taxpayer rationalizes they (Congress) will not stop robbing you! I like the idea that Congress should put their pension into this plan then they would have a stake in the game!
By the way, I was the former budget writer for a State Governor - at the end of the day politians only care about being reelected - NOT you!
— Jceco
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