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CIT Group (NYSE: CIT) Files for Bankruptcy Protection

Posted by Alex on Nov 1st, 2009

Today, what seemed like the inevitable finally happened: CIT Group filed for bankruptcy protection in a New York court. The company tried to avert this for many months, but now seems to be embracing the Chapter 11 protection they have... More of this article »

Time to start buying Bank of America Stock

Posted by Alex on Oct 31st, 2009

Bank of America (NYSE: BAC) has experienced a sell off as of late. Market researchers speculate that this activity has originated with the buy-and-hold investors, after reading last weekend’s Wall Street Journal article that indicated... More of this article »

Met Life Posts Loss

Posted by Alex on Oct 29th, 2009

Earnings season is in full swing – and although GDP data came in at a better than expected rate today, we also had a sobering reminder that that does not flow equally to all firms, nor are all the tough times behind us. Today, MetLife... More of this article »

Credit Cards Continue to Gouge Consumers

Posted by Alex on Oct 28th, 2009

The Credit Card Industry has drawn significant criticism lately, as consumers have begun to focus on their cost of funds, just as institutions do. While Congress has debated and passed new legislation set to curtail these actions,... More of this article »