Merrill

Barack Obama by JT2016

More Republicans For Obama’s Cabinet

CHICAGO, Illinois (CNN) President-elect Barack Obama has picked GOP Rep. Ray LaHood of Illinois to be his nominee for transportation secretary, two sources told CNN on Wednesday. Two Democratic sources also said Obama will tap Mary Schapiro to head the Securities and Exchange Commission. Schapiro is CEO of the Financial Industry Regulatory Authority, the largest […]

Wall Street by JT20162016

McCain Tries To Blame Financial Crisis On Democratic Takeover Of Congress In 2007

T H I N K P R O G R E S S In April, Sen. John McCain (R-AZ) claimed that “you could make an argument that there’s been great progress economically” since President Bush took office. He then revised that argument in August, releasing an ad that declared “we’re worse off than we were […]

Tullycast by JT2016

It’s an Eminence Front, Dress Yourself to Kill

People Forget….

Wall Street by JT20162016

JP Morgan Buys Washington Mutual

WASHINGTON -(Dow Jones)– JPMorgan Chase & Co. (JPM) acquired Washington Mutual Inc. (WM) via a bidding process, after the thrift became the biggest bank failure in U.S. history, regulators announced late Thursday. “With insufficient liquidity to meet its obligations, WaMu was in an unsafe and unsound condition to transact business,” the Office of Thrift Supervision […]