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Will it be a Happy New Year for Bank of America (NYSE:BAC) and Brian Moynihan?
When you look at what Brian Moynihan inherits with his role as CEO of Bank of America (NYSE:BAC) today, you do wonder whether the recent joke made by outgoing CEO Kenneth Lewis to employees about Moynihan, saying, “another unique... More of this article »
British Banking and Why the Enemies of Capitalism Won’t Prevail
The British seem to never learn, as the declining country could get far worse as one of its key industries – banking – is under attack from the socialists rampant in the country. When taking into consideration the extraordinary... More of this article »
Small Banks Resisting Interference of Federal Reserve in Executive Compensation
Even though the U.S. government acknowledges the compensation given by small banks to their executives had nothing to do with the banking crisis, they continue to pursue a policy of interfering with small banks by writing up compensation... More of this article »
Alistair Not Jamie Dimon’s Darling, as Dimon Reconsiders Building European Headquarters in London’s Canary Wharf Financial District
A recent report from the London Telegraph has generated a lot of buzz and interest, as JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon evidently called British Finance Minister Alistair Darling earlier in the month to let him... More of this article »
Federal Reserve Proposes ‘Term Deposit Facility’ to Withdraw Money from Banking System
On Monday the Federal Reserve put forth the idea of creating a new way to withdraw money from the banking system when the need to tighten money policy presents itself. Dubbed a term deposit facility, what it will do is allow banks... More of this article »
Re-branded IndyMac – OneWest Bank – Generates Huge Profits in First Year
After acquiring the assets of failed mortgage lender IndyMac from the federal government, investors in the company re-branded it OneWest Bank, and it has soared in profits since the year they took the lender over. OneWest paid about... More of this article »
Will U.S. Economy Really Rebound 4 to 5 Percent In 2010 As Many Analysts Expect?
Coming out of the past recession many analysts have become somewhat bold with rebound predictions for 2010, forecasting 4-5 percent GDP growth in the U.S. economy for 2010. Historically, the year following the end of a recession has... More of this article »
New Home Sales Plunge as Personal Income and Spending Fail to Meet Expectations
Many people were shocked to find that not only did new home sales on grow in number, but they plunged by a huge 11.3 percent to levels not seen since April. To show how bad the drop was, economists from Thomson Reuters were looking... More of this article »
Are Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NSYE:WFC) Good Investment Opportunities?
From a contrarian investment point of view, it seems that Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), Citigroup (NYSE:C) and Wells Fargo (NSYE:WFC) are at a good place to consider some serious investing in the companies, as there... More of this article »
Washington Post Goes Hysterical as Ron Paul Tries to Drive Stake into Heart of Federal Reserve
It was enlightening to see the pathetic “editorial” in The Washington Post which attacked the idea the Federal Reserve needs to be reined in, and that an audit of the Fed, as proposed by an amendment introduced by Texas... More of this article »
Have French Made Fools of Britain and Alistair Darling?
Although the move by Britain’s Alistair Darling to tax up to 50 percent of banking bonuses have giving him and the Labour party a small but temporary boost, it increasingly looks like it could end up being a disaster over the... More of this article »
Treasury Department Can’t Afford to Sell Citigroup (NYSE:C) Shares
After announced plans to work with Citigroup Inc. (NYSE:C) to pay back the funds it received from taxpayers via the TARP program, the Treasury Department in a humiliating move had to back out of the deal to sell up to $5 billion of... More of this article »
Schizophrenic Obama Administration Continues to Send Mixed Messages to Banking Industry
Obama doesn’t seem to have the ability to comprehend, not only how indecisive he is, but also the intellect to grasp the issues in relationship to the banking industry so he can understand and communicate a message that makes... More of this article »
Obama Panicking as Jobless ‘Recovery’ Fails to Materialize – Now Begs Bankers to Bail Him Out
In what appears to be a very disingenuous and pathetic assertion by Barack Obama, the banks of America now are obligated to facilitate economic growth because the government came to their aid, and the economic crisis was “largely... More of this article »
Democrats Continue to Push Fascist Banking Regulation Agenda
Democrats continue their controversial slide away from liberty and freedom, as they move toward a fascist government, which they seek to embed in the economic system of America. Fascism, as Paxton wrote, deals with a “form of... More of this article »
Jim Rogers: “The Fed is making our lives miserable … Audit It, Then Abolish It”
Saying the Federal Reserve is the only institution in the world he knows of that isn’t audited, famed investor and author Jim Rogers said in an interview, “It’s incomprehensible to me these people are saying they... More of this article »
Obama Administration Clueless on Banking Issues, Sending Mixed Messages to the Industry
Again we can see why government shouldn’t ever interfere in the markets, as revealed by the confusion and cluelessness of the Obama administration in navigating the banking waters. Obama is now pushing for banks to start lending... More of this article »
Keynesian College Economist Weenies Come to Aid of Their Hero Ben Bernanke in Opposition to Ron Paul’s Audit the Fed Bill
Evidently reading a script that was probably written by Ben Bernanke himself, a small number of college economists wrote a letter to the Senate Banking Committee and House Financial Services Committee saying the tired, worn out old... More of this article »
JP Morgan (NYSE: JPM) Benefits from Goldman Sachs (NYSE: GS) Woes
If there’s any bank that’s benefiting from the issues that Goldman Sachs (NYSE: GS) is having, it’s JP Morgan Chase & Co (NYSE: JPM), at least that’s what one Bloomberg columnist believes. David Reilly recently penned a... More of this article »
Goldman Sachs (NYSE:GS) Claims Didn’t Need Government Bailout
Goldman Sachs (NYSE:GS) CEO Lloyd Blankfein said in an online Vanity Fair article recently that the company didn’t need a government bailout, and would have survived without it. President of Goldman Sachs, Gary Cohn, said it... More of this article »
Ben Bernanke Lectures Gordon Brown and Britain in Hopes of Maintaining Status Quo at Federal Reserve
Ben Bernanke is looking more anemic and pathetic every day that goes by, as now the disastrous Chairman of the Federal Reserve, in an attempt to shore up his position at the Federal Reserve, and the Federal Reserve itself, is using... More of this article »
Former Fed Governor Frederic Mishkin Says the Federal Reserve Being Held Accountable for its Actions is “Incredibly Dangerous”
Didn’t he say it that way? Actually, yes he did, just using different words. In a Bloomberg Radio interview, Mishkin stated: “It is remarkable the kind of attacks that are occurring on Fed independence.” Think of that in... More of this article »
Wells Fargo Analysts (NYSE: WFC) Predict Stocks Will Remain Flat in 2010
Wells Fargo Analysts (NYSE: WFC) predict that the S&P 500 will remain relatively flat during 2010. In a recent report, the banks analysts said that the S&P 500 will remain “fairly flat relative to current levels” throughout... More of this article »