Ron
Those 60 forensic accountants and 30 lawyers have been working on the money trail for 3 months now!
It takes a long time to cover up the tracks when the rich are guilty of an organized crime.
We all know the outcome...not one indictment, not one arrest, not one conviction. HA!
Morgan Stanley (MS) will lead the initial public offering for Facebook, which is expected to file plans to go public today, four sources told Bloomberg. Other banks, including Goldman Sachs (GS) and JPMorgan Chase (JPM) and Bank of America (BAC) will also get a piece of the pie, but it appears that MS will get the largest piece.
Morgan Stanley shares rose 5.5% in midday trading.
It’s a big win for the bank, which won the biggest share of Internet IPO’s last year. The Facebook deal could generate as much as $500 million for the investment banks.
You don't have to like him, nor do you have to love him.
At the end of the day Romney will be your next President.
Those touch-screens are being calibrated to vote "Romney" as of today.
New York Times
After a hurricane, homeowners check nervously to see if their insurance will cover all of the damage. With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out.
Five large American banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion of exposure to Italy, Spain, Portugal, Ireland and Greece, the most economically stressed nations in the euro currency zone, according to a New York Times analysis of the banks’ financial disclosures.
But these banks have made extensive use of a type of financial insurance, credit-default swaps, to help them offset any losses that might occur if defaults swamped the five troubled nations.
Using these swaps, along with other measures, the five banks have cut their theoretical exposure to the troubled countries by $30 billion, to $50 billion. The analysis also shows that Citigroup has the greatest percentage of its exposure potentially protected, at 47 percent, while Bank of America has bought the least protection, at 12 percent.
George
I'm not doubting your math....but what is keeping the rate from accelerating dramatically over the next 524 days.
After all congress will need another automatic pay raise in another 9 months to keep up their multimillion dollar gated compounds.
These clowns that are destroying this country can't stop spending, especially when there are benefits tied directly to them when they leave office.
As Tensions Rise, Egypt Bars Exit of Six Americans
By STEVEN LEE MYERS and DAVID D. KIRKPATRICK
WASHINGTON — Building tensions between the United States and Egypt flashed into the open Thursday when Cairo confirmed that it had barred at least a half-dozen Americans from leaving the country and the Obama administration threatened explicitly to withhold its annual aid to the Egyptian military.
The travel ban came to light on Thursday after the International Republican Institute, an American-backed democracy-building group, disclosed that the Egyptian authorities had stopped its Egypt director, Sam LaHood, at the Cairo airport on Saturday before he could board a flight to Dubai in the United Arab Emirates.
Mr. LaHood is the son of Ray LaHood, the secretary of transportation and a former Republican congressman from Illinois. He is one of six Americans working for the Republican Institute or its sister organization, the National Democratic Institute, whom Egypt has blocked from leaving as part of a politically charged criminal investigation into their activities.
Some things just don't add up to me anymore......
Why raise the debt ceiling when more and more people are added to the unemployemet figure every week?
That vote goes hand and fist over December's automatic wage increase for Congressional leaches unless they could get some honest members of congress to stand up and vote it down. Makes Ron Paul's annual $1.00 congressional pay look better and better every year.
Those parasites in congress aren't dumb....they just act the part.
No money in your checking account....STOP writing bad checks.
ETFC down -11.70 8.26
Instant remedy.....go to voices.com and rent a voice clip stating "everything is a-ok"
NEW YORK (MarketWatch) -- E-E*Trade Financial Corp. shares fell sharply Thursday, a day after the firm posted a surprise loss and said it is still being pressured by loan-loss provisions to cover its wrong bets on the U.S. housing market.
Also early Thursday, Goldman Sachs cut the shares of E-Trade (ETFC) to neutral from buy, citing the weak earnings and ongoing low interest rates that will pressure the firm's net interest margin.
The online brokerage said the charges within the provision reflect its evaluation of programs and procedures as it transitions -- along with other thrift banks -- to a new banking regulator, the Office of the Comptroller of the Currency, from the Office of Thrift Supervision.
With those charges, E-Trade said its loan loss provision, or the amount of money it sets aside for current and potential future loan losses, climbed by one-fourth sequentially to $123 million, though it was down 36% from $194 million a year earlier. The fourth-quarter total also included a $46 million recovery related to a mortgage-repurchase settlement. Read more on E-Trade earings.
In an interview with Dow Jones Newswires on Wednesday, E-Trade Chief Executive Steven Freiberg said that stripping out the noisy items, E-Trade's loan loss provision was actually $87 million, noting that the declining trend from prior quarters "was sustained." In the third quarter, the company's loan loss provision was $98 million.
Don't count out Dr. Paul just yet 4ever.
Last nights debate had Newt agreeing with Paul on auditing the Fed.
Paul isn't the only candidate the talking heads will be told by the super bankers to portray as incompetent or better yet eccentric.
Paul may be portrayed as way out there.....but what will the super rich do when all the candidates start speaking out against the Establishment.
If you look at Romney's 5 returns you will find Goldman Sachs all over them.
No wonder Goldman is the biggest contributer to the Romney campaign for "Mouth Piece for the Super Rich."
Take a peek at just how much interest return Goldman Sachs paid out to the Romney's for the year 2008 in all the returns! That's the same year most savers lost 30% or more on their gated retirement accounts.
TAMPA, Fla./WASHINGTON (Reuters) - Republican U.S. presidential candidate Mitt Romney bowed to political pressure and cracked the books on his personal finances on Tuesday, releasing tax returns showing he will pay $6.2 million (3.9 million pounds) in taxes on $42.5 million in combined 2010 and 2011 income.
Unlike most Americans who earn a paycheck, Romney gets the majority of his income from investment profits, dividends and interest. One of the wealthiest men ever to run for the White House, he made his fortune buying and selling companies as a private equity financier with Bain Capital.
Romney and his wife Ann paid an effective tax rate of 13.9 percent in 2010 and expect to pay a 15.4 percent effective tax rate when they file their returns for 2011.
By Jacob Bunge
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--U.S. options markets could be roiled by new regulations aimed at curbing excessive risk-taking by Wall Street banks, some of which rank among the heaviest traders of options contracts, a senior executive at NYSE Euronext (NYX) said Friday.
Draft language of the so-called Volcker Rule, which seeks to regulate proprietary trading by banks, could complicate big banks' roles as providers of liquidity to U.S. options exchanges and affect the prices available to individual investors, according to Steve Crutchfield, chief executive of NYSE Euronext's Amex options exchange.
"Some of the largest liquidity providers and clients in the market are banks," said Crutchfield, speaking at a Security Traders Association event Friday.
Banks like Goldman Sachs Group Inc. (GS), Citigroup Inc. (C), Bank of America Merrill Lynch (BAC) and UBS AG (UBS) represent some of the biggest traders of options on U.S. exchanges.
The rule, named after former Federal Reserve Chairman Paul Volcker, was formulated to keep banks from putting too much capital at risk after the U.S. government had to backstop major Wall Street banks amid the financial crisis of 2008.
The regulation seeks to differentiate between proprietary trading, in which a bank puts on its own trades, and market-making, where banks take the other side of customers' trades to help ensure there is a buyer or seller to meet investors' needs to do business in financial markets. Exceptions are provided for market-making and for banks' management of their own risk.
The issue for options markets lies in the way proprietary trading is defined, said NYSE's Crutchfield. While market-makers in stock and futures markets are often able to exit all positions by the end of the trading day and go home with relatively little money at risk, the complexity of options trading and the tendency for some contracts to trade infrequently means that big traders often hold onto positions for a longer period.
Crutchfield said that a bank that maintains many outstanding U.S. options trades could see big gains or losses during off-market hours in the case of a market-moving event in Asia or Europe. Such gains or losses could be defined under the Volcker Rule as proprietary trading gains, and prevent some banks from maintaining their same stature in the business, he said.
"A lot of the draft language of the proposed rule looks like it may sweep a lot of market-making activity under the rug of proprietary trading," Crutchfield said.
It isn't just BAC that investors need to be keeping an eye on!
Wonder what those 200 million customers think of their mother ship now?
PANDITS COMMENT TO THE EMPLOYEES::::::""""Our company has now been profitable for two full years... We've shown that we can weather a tough environment without investors, regulators and other observers questioning our safety and soundness.""""""
Time to dismantle Citi and haul the remains to a nuclear landfill.
Will be keeping a close eye on an entrance for ccl.
So far the Captain appears to be taking the blame for the wreck, but watch the company distance themselves via news releases from their captain. He'll be fired eventually, that should be the eye wink indicating the low for ccl.
Unfortunately there are lives lost, and many injuries.
try this one jack....you can see the bursting of the tech bubble
http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#chart1:symbol=^gspc;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=off;source=undefined
But....does it really matter who is pre-elected president anymore?
http://www.examiner.com/independent-in-national/pa...
Ron
Those 60 forensic accountants and 30 lawyers have been working on the money trail for 3 months now!
It takes a long time to cover up the tracks when the rich are guilty of an organized crime.
We all know the outcome...not one indictment, not one arrest, not one conviction. HA!
Morgan Stanley (MS) will lead the initial public offering for Facebook, which is expected to file plans to go public today, four sources told Bloomberg. Other banks, including Goldman Sachs (GS) and JPMorgan Chase (JPM) and Bank of America (BAC) will also get a piece of the pie, but it appears that MS will get the largest piece.
Morgan Stanley shares rose 5.5% in midday trading.
It’s a big win for the bank, which won the biggest share of Internet IPO’s last year. The Facebook deal could generate as much as $500 million for the investment banks.
You don't have to like him, nor do you have to love him.
At the end of the day Romney will be your next President.
Those touch-screens are being calibrated to vote "Romney" as of today.
http://www.nytimes.com/2012/02/01/us/politics/romn...
New York Times
After a hurricane, homeowners check nervously to see if their insurance will cover all of the damage. With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is going to pay out.
Five large American banks, including JPMorgan Chase and Goldman Sachs, have more than $80 billion of exposure to Italy, Spain, Portugal, Ireland and Greece, the most economically stressed nations in the euro currency zone, according to a New York Times analysis of the banks’ financial disclosures.
But these banks have made extensive use of a type of financial insurance, credit-default swaps, to help them offset any losses that might occur if defaults swamped the five troubled nations.
Using these swaps, along with other measures, the five banks have cut their theoretical exposure to the troubled countries by $30 billion, to $50 billion. The analysis also shows that Citigroup has the greatest percentage of its exposure potentially protected, at 47 percent, while Bank of America has bought the least protection, at 12 percent.
http://dealbook.nytimes.com/2012/01/29/u-s-banks-t...
Citigroup Raised To Buy From Neutral By Goldman Sachs >C
Jan 30, 2012 09:16:13 (ET)
(END) Dow Jones Newswires
Is facebook secure or not?
Every week there is another article on the security breaches on facebook.
http://www.bbc.co.uk/news/technology-16755434
George
I'm not doubting your math....but what is keeping the rate from accelerating dramatically over the next 524 days.
After all congress will need another automatic pay raise in another 9 months to keep up their multimillion dollar gated compounds.
These clowns that are destroying this country can't stop spending, especially when there are benefits tied directly to them when they leave office.
You nailed it 4ever!
Facebook is the joke of this century or I'm missing something.
Our moles are being smoked out!
As Tensions Rise, Egypt Bars Exit of Six Americans
By STEVEN LEE MYERS and DAVID D. KIRKPATRICK
WASHINGTON — Building tensions between the United States and Egypt flashed into the open Thursday when Cairo confirmed that it had barred at least a half-dozen Americans from leaving the country and the Obama administration threatened explicitly to withhold its annual aid to the Egyptian military.
The travel ban came to light on Thursday after the International Republican Institute, an American-backed democracy-building group, disclosed that the Egyptian authorities had stopped its Egypt director, Sam LaHood, at the Cairo airport on Saturday before he could board a flight to Dubai in the United Arab Emirates.
Mr. LaHood is the son of Ray LaHood, the secretary of transportation and a former Republican congressman from Illinois. He is one of six Americans working for the Republican Institute or its sister organization, the National Democratic Institute, whom Egypt has blocked from leaving as part of a politically charged criminal investigation into their activities.
http://www.nytimes.com/2012/01/27/world/middleeast...
Some things just don't add up to me anymore......
Why raise the debt ceiling when more and more people are added to the unemployemet figure every week?
That vote goes hand and fist over December's automatic wage increase for Congressional leaches unless they could get some honest members of congress to stand up and vote it down. Makes Ron Paul's annual $1.00 congressional pay look better and better every year.
Those parasites in congress aren't dumb....they just act the part.
No money in your checking account....STOP writing bad checks.
ETFC down -11.70 8.26
Instant remedy.....go to voices.com and rent a voice clip stating "everything is a-ok"
NEW YORK (MarketWatch) -- E-E*Trade Financial Corp. shares fell sharply Thursday, a day after the firm posted a surprise loss and said it is still being pressured by loan-loss provisions to cover its wrong bets on the U.S. housing market.
Also early Thursday, Goldman Sachs cut the shares of E-Trade (ETFC) to neutral from buy, citing the weak earnings and ongoing low interest rates that will pressure the firm's net interest margin.
The online brokerage said the charges within the provision reflect its evaluation of programs and procedures as it transitions -- along with other thrift banks -- to a new banking regulator, the Office of the Comptroller of the Currency, from the Office of Thrift Supervision.
With those charges, E-Trade said its loan loss provision, or the amount of money it sets aside for current and potential future loan losses, climbed by one-fourth sequentially to $123 million, though it was down 36% from $194 million a year earlier. The fourth-quarter total also included a $46 million recovery related to a mortgage-repurchase settlement. Read more on E-Trade earings.
In an interview with Dow Jones Newswires on Wednesday, E-Trade Chief Executive Steven Freiberg said that stripping out the noisy items, E-Trade's loan loss provision was actually $87 million, noting that the declining trend from prior quarters "was sustained." In the third quarter, the company's loan loss provision was $98 million.
It's starting to look that way.....
Don't count out Dr. Paul just yet 4ever.
Last nights debate had Newt agreeing with Paul on auditing the Fed.
Paul isn't the only candidate the talking heads will be told by the super bankers to portray as incompetent or better yet eccentric.
Paul may be portrayed as way out there.....but what will the super rich do when all the candidates start speaking out against the Establishment.
If you look at Romney's 5 returns you will find Goldman Sachs all over them.
No wonder Goldman is the biggest contributer to the Romney campaign for "Mouth Piece for the Super Rich."
Take a peek at just how much interest return Goldman Sachs paid out to the Romney's for the year 2008 in all the returns! That's the same year most savers lost 30% or more on their gated retirement accounts.
http://mittromney.com/learn/mitt/tax-return/2010/w...
http://mittromney.com/learn/mitt/tax-return/2010/w...
http://mittromney.com/learn/mitt/tax-return/2010/a...
http://mittromney.com/learn/mitt/tax-return/2010/f...
http://mittromney.com/learn/mitt/tax-return/2010/t...
TAMPA, Fla./WASHINGTON (Reuters) - Republican U.S. presidential candidate Mitt Romney bowed to political pressure and cracked the books on his personal finances on Tuesday, releasing tax returns showing he will pay $6.2 million (3.9 million pounds) in taxes on $42.5 million in combined 2010 and 2011 income.
Unlike most Americans who earn a paycheck, Romney gets the majority of his income from investment profits, dividends and interest. One of the wealthiest men ever to run for the White House, he made his fortune buying and selling companies as a private equity financier with Bain Capital.
Romney and his wife Ann paid an effective tax rate of 13.9 percent in 2010 and expect to pay a 15.4 percent effective tax rate when they file their returns for 2011.
http://www.nytimes.com/reuters/2012/01/24/us/24reu...
By Jacob Bunge
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--U.S. options markets could be roiled by new regulations aimed at curbing excessive risk-taking by Wall Street banks, some of which rank among the heaviest traders of options contracts, a senior executive at NYSE Euronext (NYX) said Friday.
Draft language of the so-called Volcker Rule, which seeks to regulate proprietary trading by banks, could complicate big banks' roles as providers of liquidity to U.S. options exchanges and affect the prices available to individual investors, according to Steve Crutchfield, chief executive of NYSE Euronext's Amex options exchange.
"Some of the largest liquidity providers and clients in the market are banks," said Crutchfield, speaking at a Security Traders Association event Friday.
Banks like Goldman Sachs Group Inc. (GS), Citigroup Inc. (C), Bank of America Merrill Lynch (BAC) and UBS AG (UBS) represent some of the biggest traders of options on U.S. exchanges.
The rule, named after former Federal Reserve Chairman Paul Volcker, was formulated to keep banks from putting too much capital at risk after the U.S. government had to backstop major Wall Street banks amid the financial crisis of 2008.
The regulation seeks to differentiate between proprietary trading, in which a bank puts on its own trades, and market-making, where banks take the other side of customers' trades to help ensure there is a buyer or seller to meet investors' needs to do business in financial markets. Exceptions are provided for market-making and for banks' management of their own risk.
The issue for options markets lies in the way proprietary trading is defined, said NYSE's Crutchfield. While market-makers in stock and futures markets are often able to exit all positions by the end of the trading day and go home with relatively little money at risk, the complexity of options trading and the tendency for some contracts to trade infrequently means that big traders often hold onto positions for a longer period.
Crutchfield said that a bank that maintains many outstanding U.S. options trades could see big gains or losses during off-market hours in the case of a market-moving event in Asia or Europe. Such gains or losses could be defined under the Volcker Rule as proprietary trading gains, and prevent some banks from maintaining their same stature in the business, he said.
"A lot of the draft language of the proposed rule looks like it may sweep a lot of market-making activity under the rug of proprietary trading," Crutchfield said.
Bad Year for Wall St. Not Reflected in Chiefs’ Pay
http://dealbook.nytimes.com/2012/01/20/bad-year-fo...
It isn't just BAC that investors need to be keeping an eye on!
Wonder what those 200 million customers think of their mother ship now?
PANDITS COMMENT TO THE EMPLOYEES::::::""""Our company has now been profitable for two full years... We've shown that we can weather a tough environment without investors, regulators and other observers questioning our safety and soundness.""""""
Time to dismantle Citi and haul the remains to a nuclear landfill.
http://www.thestreet.com/video/11378397/citi-spank...
Will be keeping a close eye on an entrance for ccl.
So far the Captain appears to be taking the blame for the wreck, but watch the company distance themselves via news releases from their captain. He'll be fired eventually, that should be the eye wink indicating the low for ccl.
Unfortunately there are lives lost, and many injuries.