The Securities and Exchange Commission today charged two former senior executives at Monster Worldwide, Inc., for their alleged participation in a multi-year scheme to secretly backdate stock options granted to thousands of Monster officers, directors and employees.
Observers tune into the Federal Reserve’s statement for clues about the bank’s next steps. GM surprises Wall Street. First-quarter GDP is better than expected. Citigroup sells stock to raise capital.
Amid talk of a bottom and with the ’smart money’ moving into many banks, it could be time for daring investors to place their bets. Here’s the case for Washington Mutual.
Let the politicians promise and posture. The Federal Reserve needs to pay attention to its main job. That means an end to interest-rate cuts.