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A recent story on CNN Money mentioned that states could face a $12 billion shortfall if Congress doesn’t pass a bill to help them out. Four states in particular will see shortfalls in money of more than $1 billion each. While this is a scary figure, especially with the way the economy is working, it [...]
The New York state budget is almost 3 months late. The state has financial issues, pretty much like all the other states, but it’s budget it tied into the stock market, and that’s not doing so well. Congress is split between both parties, and the majorities are slim. Nothing’s getting done; it’s politics as usual. [...]
Man, when it’s time to pile on… On Thursday the Attorney General of New York, Andrew Cuomo, who might be running for governor of the state later in the year, charged former CEO Ken Lewis with fraud as it regards Bank of America’s purchase of Merrill Lynch at a time when the banking industry was [...]
