Banks Paying Cash to Homeowners to Avoid Foreclosures
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
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
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
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
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.
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
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
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
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
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 »






