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Ben Bernanke Fears Ron Paul’s Audit Above All Else
In a recent and unusual action, Federal Reserve Chairman Ben Bernanke wrote a column in a newspaper, in this case the online version of the Washington Post, which attempted to undermine the legislation initiated by Ron Paul to at minimum... More of this article »
Will Ben Bernanke Remain Chairman of the Federal Reserve?
Not too long ago Federal Reserve Chairman Ben Bernanke was considered to be assured of being nominated for another term as Chairman of institution, but after a dismal performance at the helm of the agency, it’s not necessarily... More of this article »
Is Wells Fargo (NYSE:WFC) Much Weaker Than it Admits?
The Wells Fargo (NYSE:WFC) continues to be a somewhat strange one, as the conflicting signals from the company over the months leaves you wondering what the real strength of the bank is. One obvious example is their response to receiving... More of this article »
J.P. Morgan Chase (NYSE:JPM) CEO Jamie Dimon: No Bank Should be Too Big to Fail
In a recent op-ed piece, J.P. Morgan Chase (NYSE:JPM) chairman and CEO Jamie Dimon asserted that there should be no limits to the size companies are allowed to grow, while at the same time any company should be allowed to fail. While... More of this article »
Warren Buffett Increases Stake in Wells Fargo (NYSE:WFC) Via Berkshire Hathaway (BRK:A) – Is it Ethical?
In its most recent regulatory filing, Berkshire Hathaway (BRK:A) increased its stake in Wells Fargo (NYSE:WFC) by over 10 million shares in the third quarter. To me, this does raise ethical questions on the part of the actions and... More of this article »
Maybe Goldman Sachs (NYSE:GS) and CEO Lloyd Blankfein Should Become More Boring
Like it or not, the current economic crisis and outrageous bailouts offered by the U.S. government on behalf of taxpayers have put Americans in a sour mood, and for better or worse, those bankers and businesses putting themselves out... More of this article »
Federal Reserve or Super Regulatory Agency? … Neither
For those who understand what has happened in reference to regulators before and during the current economic crisis, the idea of taking authority and responsibility away from the Federal Reserve and placing it within a new super regulatory... More of this article »
$300 Million Hedge Fund Shift Good News for Citigroup (NYSE: C), Bad News for Goldman Sachs (NYSE: GS), JP Morgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC)
A hedge fund with over $29 billion in assets has made a play to take a significant ownership share in Citigroup (NYSE: C), while selling its entire stake in Goldman Sachs (NYSE: GS) and selling shares in JP Morgan Chase (NYSE: JPM)... More of this article »
Bank of America (NYSE:BAC) and Citibank (NYSE:C) Checking Account Fees Reveal Folly of Government Interference
There are always unintended consequences to government interference in the marketplace, and that’s no exception with the banking industry, as recent fees were added to checking accounts at Bank of America (NYSE:BAC) and Citibank... More of this article »
Analysts: Bank of America (NYSE:BAC) Should Keep Ken Lewis as CEO … For Now
There is a potential disaster looming at Bank of America (NYSE:BAC) concerning its CEO situation, where nobody with any brains would want to accept the position, as government attacks on Ken Lewis would assuredly continue on with his... More of this article »
First Bank of Wal-Mart (NYSE:WMT) Rising Out of the Banksters Ashes?
It’s too bad Wal-Mart (NYSE: WMT) wasn’t allowed to enter into the banking industry, as it would have quickly shown the other poorly-run banks how to do it right and for far less. In 2007 Wal-Mart has applied for a... More of this article »