Greetings from the CGU Finance Club
As the semester is moving quickly, we know that you are working hard to balance your schedule between classes, readings, homework, projects, work, television, partying, reading the news, staying in touch with friends, and reading our blog! We hope this blog will be a timesaver for you in helping to bring together relevant information to your busy life, in one place, for your convenience. As the blog writer, I hope to make these blogs casual, fun, and sometimes a little weird to keep you entertained. If you are already a member of the finance club, this blog will also serve as a reminder of upcoming events, announcements, and special get-togethers. If you are not a member of the CGU Finance Club, join now (no pressure).
First Finance Club Meeting
Our first meeting for the semester will be on Thursday, February 05, 2009 at 11:00 am in Burkle 24. The meeting should last between 30-45 minutes. We have invited our finance professors to join the meeting, and we will be announcing the rules of this semester’s investment competition.
If you are not a member, feel free to crash our get-together. We will be discussing all things related to making money, so if that interests you be sure to drop by!
Comment Question
Ok, for your comments post what you think about the current financial crisis. When do you think we will see the bottom (or have we already). Do you think Obama is performing above people’s expectations in his responses to the crisis? Do you think he will be effective? What do you think about today’s headlines? Or if you don’t feel like talking about the crisis, just post a message saying hey, let’s see who’s out there reading this!
News Headlines
Obama Lays Out Limits on Pay The president set strict new rules on salary for executives at firms seeking “exceptional” government assistance, which includes a $500,000 per individual salary cap.Obama’s remarks | Treasury’s details ; Bankers Mixed on Obama’s Pay-Cap Plan ; Chart: Wall Street Pay Trends
An AIG Unit’s Quest to Juice Profit A close look at the 2,000-employee AIG Investments unit shows how this part of the conglomerate made gambles that helped cripple the firm.
More Call for Probe on Financial Crisis Demand is growing in Congress for an investigation of the causes of the financial crisis, with many calling for an independent commission.
Buffett to Invest in Swiss Re Swiss Re said Warren Buffett’s Berkshire Hathaway will invest around $2.6 billion to help the Swiss firm boost capital and protect its crucial Double-A credit rating after posting a big loss in 2008.
Auto-Parts Makers Seek Bailout Beleaguered auto-parts suppliers are following the lead of Detroit’s Big Three in seeking aid from the federal government.