| Sep 6, 2013
| 9:29 PM
Everybody wants to see the perpetrators of the financial crisis punished, but you have to feel a little sorry for Standard & Poor's, the credit rating firm being sued by the federal government for its role in the disaster.
S&P clearly has its back to...
| Aug 21, 2013
When you've been forced to the edge of a cliff and feared a wisp of wind would send you into the abyss, you don't forget that feeling quickly.
And that seems to be the mindset of U.S. consumers as they carry the financial and emotional scars of the...
| Jul 1, 2011
| 7:36 PM
In 2008, as financial crisis threatened the U.S. banking system, President George W. Bush asked Congress to approve an emergency bailout. Leaders of both parties blessed the idea; both presidential candidates — Barack Obama and John McCain —...
| Aug 4, 2013
Chicago is receiving the type of notoriety no city would want. And its reputation is undermining investments individuals have made in the city's municipal bonds.
Chicago has become a national poster child for financial distress in the aftermath of the...
| Jul 31, 2013
This is a week of clues, with economists and investors watching for signals that the economy and stock market are ready to stand on their own with less help from the Federal Reserve's pacifying bond-buying program.
Stock investors reacted nervously in...
| Jul 24, 2013
As if rising interest rates weren't upsetting enough to individuals losing money in municipal bond funds, Detroit's bankruptcy has now intensified the sense of insecurity over munis.
When Detroit filed for Chapter 9 bankruptcy last week, it disrupted...
| Jul 21, 2013
No matter how much horsepower you produce, you can't outrun math.
Like automakers General Motors and Chrysler a few years earlier, Detroit late last week finally acknowledged its numbers never would add up and filed for bankruptcy protection. This is...
| Jul 24, 2013
We who live in other cities wonder what drove Detroit into bankruptcy. But what we really want to know is whether it could happen to us.
Since 2010, five other cities and two counties, plus almost 30 special districts such as utility authorities, have...
| Dec 10, 2008
Electricite de France's proposal to invest $4.5 billion in Constellation Energy Group's nuclear-generation business looks like it has a shot.
Since the state-owned French electricity giant pitched the deal last week, investors have bid Constellation...
| Dec 18, 2008
"Warren Buffett loses out to the French" was the gist of several headlines yesterday on Electricite de France's deal to invest $4.5 billion in Constellation Energy Group.
Constellation's board spurned Buffett's competing offer and blocked his plans to...
| Jan 3, 2013
There was a sigh of relief heard round the world Wednesday as Congress used New Year's Day to close the curtain on "fiscal cliff" theatrics and save most Americans from sharp tax increases that were expected to induce a recession.
But as the Dow Jones...
| Apr 17, 2013
After Monday's plunge of almost 266 in the Dow Jones industrial average, investors were buying again Tuesday, pushing up stocks more than 157 points despite an International Monetary Fund report pointing to a far weaker economy than Wall Street's cheery...