Archive for the ‘BAC’ Category:

When Fund Managers Sell, It’s Time to Go Bargain Hunting

{ Posted on Dec 14 2011 by David Zeiler }
You may not realize it, but the annual practice of "window dressing" - a process through which fund managers dump their worst-performing stocks and replace them with high flyers - can create some real bargains for retail ...Read More »

Maverick Judge Jed Rakoff Stares Down The Street

{ Posted on Dec 05 2011 by Keith Fitz-Gerald }
One of the biggest problems with Wall Street's malfeasance is how the ruling elite view legal settlements - as little more than an acceptable cost of doing business. Well, no more. Thanks to Judge Jed Rakoff we ...Read More »

Bailout Bandits: The Biggest Borrowers From the U.S. Federal Reserve

{ Posted on Dec 02 2011 by Guest Editorial }
The Eurozone debt crisis has replaced the U.S. financial crisis as the disaster du jour. But make no mistake: U.S. taxpayers will be paying the tab for the U.S. crisis for years. That's evidently not true of the ...Read More »

Why the Fed’s Latest Rescue Effort is Doomed

{ Posted on Dec 01 2011 by Keith Fitz-Gerald }
World markets got a nice tailwind yesterday (Wednesday) on news that the U.S. Federal Reserve is stepping into the fray along with other central banks to boost liquidity and support the global economy. ...Read More »

It’s Time to Overhaul the Fed

{ Posted on Nov 30 2011 by Shah Gilani }
The average American has no idea how protected the big banks in this country really are. For the most part we don't even blink when we are lied to publicly by their CEOs. Maybe that's because the biggest bank ...Read More »

The New Banking Fees That Are Silently Squeezing You

{ Posted on Nov 16 2011 by Kerri Shannon }
Customers won a victory in early November when their protests prompted Bank of America Corp. (NYSE: BAC) to drop new banking fees on debit cards. But while you were celebrating, banks got busy finding new ways to ...Read More »

Warren Buffett’s $24 Billion Bet on the U.S. Market

{ Posted on Nov 08 2011 by Kerri Shannon }
Investing legend Warren Buffett must be feeling good about the U.S. market and economic outlook - he's bet $24 billion on them. Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) invested $23.9 billion in this year's third quarter, the ...Read More »

What I Learned From My Lunch with Vikram Pandit

{ Posted on Nov 08 2011 by Martin Hutchinson }
I've long been bearish on bank stocks and financials - but something happened last week that made me rethink my position. I was having lunch with Citigroup Inc. (NYSE: C) Chief Executive Officer Vikram Pandit, and he had ...Read More »

The Inside Story of How Our Financial Regulators Let Us All Down

{ Posted on Nov 04 2011 by Shah Gilani }
Did you hear the story about MF Global? No, not the headlines about its bankruptcy - the real story. If you haven't heard it yet, it goes something like this. MF Global became a primary dealer only eight months ago. "Primary ...Read More »

MF Global Bankruptcy Exposes Vulnerability of U.S. Banks to Eurozone Debt Crisis

{ Posted on Nov 02 2011 by David Zeiler }
The bankruptcy of MF Global Holdings (NYSE: MF) was a distressing signal to investors that it is possible for U.S. financial institutions to fall victim to the Eurozone debt crisis. MF Global filed for Chapter ...Read More »