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Banks Paying Cash to Homeowners to Avoid Foreclosures

Feb 7, 2012, 10:44 AM

Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as $35,000 or more in cash to delinquent homeowners to sell their properties... Read »

BofA to Limit Cash Bonuses for Bankers, Traders

Jan 26, 2012, 2:23 PM

Bank of America Corp. (BAC), the U.S. lender seeking to preserve capital, will freeze base salary levels and limit cash bonuses to $150,000 for some investment bankers,... Read »

BofA: Investment Bankers Face 25% Pay Cut

Jan 24, 2012, 1:48 PM

Bank of America Corp. (BAC), the second- biggest U.S. lender by assets, told its investment bankers to expect compensation packages that are 25 percent smaller on... Read »

Right Now a Bubble in Safest Government Bonds – Marc Faber

Jan 20, 2012, 10:13 AM

Marc Faber, publisher of the Gloom, Boom and Doom report, spoke to Bloomberg Television’s Sara Eisen and Erik Schatzker and said that investors have created a... Read »

The Youthful Magic of Ron Paul

Jan 12, 2012, 7:57 AM 6

South Carolina Republican Senator Jim DeMint, the darling of the Tea Party wing nuts of the GOP, is urging Republican candidates to listen to Ron Paul. “One of... Read »

Obama-Clinton in 2012. It’s a Natural.

Dec 29, 2011, 8:07 AM 1

My political prediction for 2012 (based on absolutely no inside information): Hillary Clinton and Joe Biden swap places. Biden becomes Secretary of State — a position... Read »

America, The Rising Petro Power

Dec 28, 2011, 10:12 AM

If you are old enough to recall the 1970s, you remember when Americans lined up at gas pumps, and stations closed after a few hours of business when their tanks... Read »

Fed’s Once-Secret Data Released to Public

Dec 23, 2011, 6:00 AM

Bloomberg News today released spreadsheets showing daily borrowing totals for 407 banks and companies that tapped Federal Reserve emergency programs during the 2007... Read »

Europe Still Heading For Collapse

Dec 15, 2011, 6:00 AM 1

The half-life of the effectiveness of European summits is growing increasingly shorter.  While I have been a long-term Europessimist, market participants are more... Read »

Emails from Inside Citigroup (C) Indicate Risky Investing

Dec 12, 2011, 12:41 PM

FOX Business Network’s (FBN) Elizabeth MacDonald is reporting that “newly uncovered emails and documents from Citigroup (C) that FOX Business has obtained reveal... Read »

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