ETF dropped 9.6% and lost $7.9 billion — but, wait, it was another glitch
Bank of America Corp.'s (BAC) third-quarter earnings showed the withering effects of new financial regulations, even as the giant Charlotte bank took advantage of its size to generate higher revenue from mortgage banking and fixed-income trading.
If you have difficulty distinguishing the World Bank from the International Monetary Fund, you are not alone. Most people have only the vaguest idea of what these institutions do, and very few people indeed could, if pressed on the point, say why and
"It's not going to happen in this country," Mr. Geithner said in remarks here. "The United States of America and no country in the world can devalue its way to competitiveness. It's not viable and we will not engage in it."
China’s central bank unexpectedly announced Tuesday that it would raise interest rates for the first time in nearly three years, apparently in the hopes of dampening inflation and cooling off this country’s hot property market. The move had an immedi
The unfolding foreclosure scandal just keeps expanding. Scrutiny first fell on the “robo-signers” who rubber-stamped banks’ foreclosure paperwork, but they’re one of the many players who may have contributed to the mess.
Jordan Page-performing at a YAL convention at UNH which is a fundraiser for Antiwar.com / G Edward Griffin & Michael Murphy - Film: "What In The World Are They Spraying?" / Peter Schiff - CEO Euro Pac - Article - "Fed Mandates Inflation"
The Fed directly buying up questionable mortgages from banks is an indirect form of bailing out CRE. Yet in some instances, the Fed has gone ahead and directly taken on the role as owner for places such as a mall in Oklahoma.
They devised a method that would free them from those fees, ran an accounting study showing the savings, and just created MERS. There was no public debate or legislative statute to overturn what had been the customary practice for generations.
Today, Zimbabwe no longer has its own currency. The country effectively deals in cash only, in foreign currencies. Merchants take whatever they can get– US dollars, euro, South African rand, etc.
The Fed can't admit that the potential shocks it's worried about have already materialized, because that would trigger the very panic the central bankers hope to avoid.
Cynthia Cantrell - Joins Ernest in studio to discuss - Mortgage fraud in Arizona uncovered / Tom Westbrook - Joins Ernest and Cynthia in studio for the 2nd hour
No moratorium, but problem servicers will face 'full force of the law'
Stocks advanced on Monday, led by gains in financial companies as Citigroup reported stronger-than-expected profits and concerns about lenders' home foreclosure problems eased.
Anyone who believes the foreclosure crisis can be contained is deluded, because the real issue in play is the citizens' trust in their government's ability to govern the nation's Financial Elites according to the rule of law.
What is to stop U.S. banks and their customers from creating $1 trillion, $10 trillion or even $50 trillion on their computer keyboards to buy up all the bonds and stocks in the world, along with all the land and other assets for sale, in the hope of
Reggie Middleton explained why the housing correction is only 50% complete, several large banks will have massive problems because of MBS, and Apple is going to undergo margin compression. A must watch interview. (Go Reggie)
The US stands out as quite different. No one is yet seriously proposing to address our underlying budget problems. Certainly, some people consider themselves fiscal conservatives, but none can yet be taken seriously. The implications are dire.
A special never before seen interview with economic expert Paul Craig Roberts.
Like the character of Will Kane, Liberty Movement proponents also listen to their inner voice. They understand that there are greater concerns at stake than their own safety. That there are ideals under threat of extinction.
It appears either the less than richest Americans need to constantly pull money out of the bank, as they give up yield (and in a Zero Interest Rate environment there is no yield to be given up) in order to pay their bills...
This Interview took place on early Friday morning as part of the InfoWars money bomb. Starting at 7:00 minutes in the first video Max explains the MERS system and the repercussions of the systemic fraud...
Household spending for the middle fifth of all U.S. income earners was down 3.5% in 2009, the steepest decline on record
The fiscal imbalance meant the US was on a path toward an explosion of debt. With the looming retirement of baby boomers, spiraling healthcare costs, plummeting savings rates and increasing reliance on foreign lenders, we face unprecedented fiscal...
Perception among Americans is there's no shortage of corruption in Washington or on Wall Street, and new report finds possibly unseemly activities between Capitol Hill staffers and businesses their offices tasked with keeping honest
Buying U.S. stocks because the Fed says it will proactively debase the U.S. dollar is like sitting on the beach in order to get a great view of an incoming tsunami. Any pleasure so derived should be short-lived, when the terror of underlying reality.
European and U.S. stock markets mostly fell Thursday as investors awaited a speech from the Federal Reserve chairman that is expected to give more clarity on what the central bank is planning to do to prop up the ailing U.S. economy.
Mrs. Bradbury's foreclosure file did not look right. The documents from the lender, GMAC Mortgage, were approved by an employee whose title was "limited signing officer," an indication to the lawyer that his knowledge of the case was effectively none
The federal deficit hit $1.3 trillion for the just-completed budget year. That means the government had to borrow 37 cents out of every dollar it spent as tax revenues continued to lag while spending went up as the economy pulled out of recession.