October 2008

Eugene Ludwig... is the name familiar? If it's not, you may want to become familiar with it. Ludwig was the U.S. comptroller of the currency from 1993 to 1998 during the Clinton Administration. As comptroller, Ludwig oversaw the federal agency responsible for supervising federally-chartered commercial banks and federal branches and agencies of foreign banks. Prior to his position on the Hill, ... read more

Dallas Mavericks owner and HDNet Chairman Mark Cuban joined me this morning on Money for Breakfast. He was fired up!!!! I had a blast. He said everything that was on his mind and held nothing back. Cuban is concerned about credit markets and funding businesses. He is a huge believer in free markets but he also said he has never had to pay attention to bank lines and credit limits like he is ... read more

We have talked a lot about this rescue plan or bailout depending on what you call it and I have received a lot of visibly angry comments from some of you. First of all, I am thrilled that you are speaking out and offering options. This is everyone’s opportunity to speak their peace before this bill passes or fails. On my last blog about the plan, I brought you one alternative from Richard ... read more

“I know people are scared watching the markets unravel. Don’t panic. That is the worst thing that you could do in a market like this. Think about it. How often do you look at your 401k statements in a good market? Don’t make quick decisions when those decisions are based on fear. Time horizons are different for different people. For some this market will present opportunities of a lifetime. ... read more

Are we behaving rationally? Is what we are seeing the normal unwinding of risk? How much more fear do we need to see for markets to stabilize? The questions are pouring in. The answers are all over the map. If one more person says the sky is falling, I am going to lose my mind. Believe me, I have been bearish and noted it many months ago on this blog, but we need to start talking ... read more

It has been several days since I posted my last blog entry. For days, if not weeks, I have created titles for blogs that I intended to post or written pieces of blogs and failed to post them. If you look at the origins of the Glick Report dating back to early January when I took my first trip to Davos, Switzerland, this blog was about the behind the scenes look at the financial world, the ... read more

One year ago today, we launched the Fox Business Network. It's hard to believe it's been a year already. What a year! In a note sent to us this afternoon by Roger Ailes, the head of the Fox Business Network and Fox News, he describes some of the biggest milestones in the past year. "No one could have predicted at the time we would see the largest one day point loss and largest one day point ... read more

This morning I had the perfect trifecta! Last night I hopped on a train down to Washington, D.C. to interview the Treasury Secretary, the FDIC Chair and billionaire investor Wilbur Ross. One of these individuals on one show would be enough to excite me but having all three join me this morning made for one of the more memorable days on the job.   Let me begin with the FDIC Chair Sheila Bair ... read more

In response to my interviews yesterday in Washington, D.C. with FDIC Chair Sheila Bair and Treasury Secretary Paulson on the measures they are taking to address housing, we invited on Money for Breakfast and The Opening Bell some leading authorities on housing. If you missed my last blog or the interviews with the FDIC Chair and Treasury Secretary let me update you on their stance on housing. ... read more

This morning on The Opening Bell Stephen Schork, editor of The Schork Report, joined me to discuss the pullback in oil and gasoline prices. Stephen is very well-respected by Wall Street and by the energy companies he speaks on behalf of. His reports are excellent. They look at the energy markets, the factors impacting the energy markets and point out discrepancies. Look at this stat: OPEC which ... read more