Adam Axler

The Bank of America Bug

Nobody can beat Citi to the bottom. The question becomes, when will it be bailout time for them. Wachovia has $30 billion in bad loans, Wells Fargo has better reserves than they do.

Credit Card Spending Surges, While Retailers Slump

Bill, unlike the other box discounters you mention, Kohl's got hammered last quarter (revenue down 27%). DP makes the proper distinguishment from credit cards issued by banks and simply those that make money off merchant fees (Visa, Mastercard). Credit cards tied to actual banks like Capital One have daily increases in delinquency rates....