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Stocks with Ties to Independence Day - Part 1: US vs. UK

Posted Jul 5th 2010 2:30PM by Wade Hansen (RSS feed)

The U.S. stock market is closed in observance of Independence day, which gives us a great opportunity to examine a few stocks with ties to the 4th of July.

This first of this three-part series will start by comparing investment opportunities in the United States -- home of the authors of the Declaration of Independence -- with those across the pond in the United Kingdom -- whose monarch was the recipient of that declaration. Then we'll then take a look at a few of the stocks that help us maintain our freedom as we dive into the U.S. defense industry. Finally, we'll take a look at stocks that benefit from the partying and picnicking that are so much a part of any 4th of July celebration.

Continue reading Stocks with Ties to Independence Day - Part 1: US vs. UK

How much of AIG's $173 billion bailout went to European banks?

Posted Mar 7th 2009 2:42PM by Peter Cohan (RSS feed)
Filed under: Bank of America (BAC), Goldman Sachs Group (GS), Morgan Stanley (MS)

Do you feel good about $173 billion of your tax money helping to keep American International Group (NYSE: AIG) from going bust? If you made the decisions that put AIG at death's door you might be. But the odds are pretty good that you had absolutely nothing to do with AIG's failure and received not a penny of compensation during the time when its executives were reporting profits -- and getting millions in compensation that they're not paying back now that it's losing money.

That's one of the reasons why I was arguing on KCRW's To the Point that the U.S. ought to disclose who is getting the taxpayer money that goes to AIG. After all, they just got another $30 billion this week after reporting history's biggest quarterly loss of $61 billion. A professor on the program suggested that we should not disclose the names of the recipients because it would threaten the stability of the financial system. I thought this professor's argument was unpersuasive -- and now we'll get a chance to see who was right.

Continue reading How much of AIG's $173 billion bailout went to European banks?