bankdecay

Why Lloyds Banking Group, ITV, and IQE Should Lag the FTSE 100 Today

Alan Oscroft, The Motley Fool, dailyfinance.com

LONDON — With the mining sector falling after fresh Chinese statistics put pressure on commodities prices, the FTSE 100 has fallen back from last week’s five-and-a-half-year highs today. Approaching midday, the index was down 14 points to…

Bank of America Faces an Uphill Battle Today

Amanda Alix, The Motley Fool, dailyfinance.com

Bank of America’s stock is taking a beating this morning, in a startling turnaround from last week’s rally that buoyed the share price above $13, where it hovered all weekend. Unfortunately, it looks as if the great news of the bank’…

Here's Why Wells Fargo Is Immune to Today's Drop

Jessica Alling, The Motley Fool, dailyfinance.com

Shares of Wells Fargo have followed the larger market straight down into negative territory. With investors trying to determine the longevity of the current market surge, there are sure to be times when they pull back, bringing share prices…

Can Banks "Cheat" Their Safety Ratios?

Matt Koppenheffer, The Motley Fool, dailyfinance.com

Can banks twist their ratios to look safer than they really are? Can banks really be too big to fail? Has it worked elsewhere? The Fool’s Matt Koppenheffer answers these questions in the following video.Many investors are scared about investing in…

How Capitalism Is Dismembering America

Reblogged from azspot

Recipients of ‘entitlements’ are accused by the uninformed of getting something for nothing. The opposite is true. According to the Urban Institute, the typical two-earner couple making average wages throughout their lifetimes will receive less in Social Security benefits than they paid in. Same for single males. Almost the same for single females.

Getting something for nothing? Yes, the rich are. Tax expenditures, which are deductions and exemptions that primarily benefit the highest-earning individuals, cost about 8 percent of the GDP, the same percentage that goes to Social Security and Medicare.

If just one of the tax breaks for the rich, the $113,700 cap on Payroll Tax, were eliminated, Social Security would be almost entirely funded for the next 75 years.

Simply Hot n Crisp: Countrywide, BofA Protected by Taxpayers from Consequences of Actions

Reblogged from mrwht

mrwht:

If you don’t know the difference between stated income and verified income, congratulations! You are qualified to run one of the largest sub-prime mortgage companies in the world.

Angelo Mozilo, former CEO of Countrywide Financial admitted exactly this during his deposition for the lawsuit…