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Wednesday, November 9, 2011 - 4:08pm
Is the American Housing Market Still Underwater?
US retail mortgages may be one of the scariest assets at this point in time. Apart from Italian or Greek bonds, owning securities back by retail mortgages is harrowing for investors across the globe. Although the brunt of the damage occurred a few years ago, the stigma and uncertainty related to...
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Wednesday, August 3, 2011 - 5:53pm
Eight Regional Bank Stocks on a Roll
Here's a quick look at eight dividend-paying regional bank stocks that are up year to date and trading near their 52-week highs. 1st Source (NASDAQ: SRCE): This Indiana-company reported strong second-quarter results back in July, which it attributed in part to attracting new customers. Its...
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A Brief History of the 08 Financial Crisis [INFOGRAPHIC]
Friday, July 1, 2011 - 10:59amAt this point, presumably every worker in the developed world is at least somewhat familiar with the realities of the recent financial crisis. With economic growth sluggish, and unemployment remaining persistently high, the economic effects of the bursting of the housing bubble have yet to subside...
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Thursday, May 26, 2011 - 2:04pm
Is Now the Time to Bet on AIG?
Has AIG (NYSE: AIG) gone from “too big to fail” to “too cheap to overlook”? Maybe. Conventional wisdom says that the smart money is found in leading the herd from pasture to pasture. However, it is unlikely you, a lone investor, have the financial means to move the entire market overnight, the way...
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Thursday, May 26, 2011 - 1:18pm
Chrysler Loans Netted Taxpayers a Profit
It's not often that a company can turn a negative into a positive, but that is exactly what Chrysler did this week. Wednesday, the world-class carmaker announced it had paid back the U.S. and Canadian governments the balance of their loans a full six years ahead of schedule. The loans, which had...
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Neil Barofsky Stepping Down
Monday, February 14, 2011 - 11:43amAccording to a tweet from Special Inspector General of the Trouble Asset Relief Program, Neil M. Barofsky is resigning from his position. Barofsky was confirmed by the Senate on December 8, 2008, and was sworn into office on December 15, 2008. As SigTARP, Barofsky oversaw the investments made...
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White House Sharply Cuts Cost Of TARP
Friday, October 1, 2010 - 10:50amThe White House sharply cut the cost of TARP, saying the controversial bailout of banks will now only cost $50 billion, as AIG (NYSE: AIG) and Citigroup (NYSE: C) are in the process of completely severing ties with the government and returning back entirely to the private markets. Treasury...
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Obama Continues To Lose Economic Advisers
Wednesday, September 22, 2010 - 11:58am
Obama has lost yet another economic advisor. Herbert Allison, who was a key figure in the government bailout of Wall Street, says he is stepping down as the Treasury Department's assistant secretary for financial stability. A recent Wall Street Journal report discusses how the President continues...
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Commercial Real Estate Week in Review
Saturday, June 19, 2010 - 6:00amCommercial Real Estate Week in Review-June 13-19 -Interested in a long term investment? It may be the time to get into REITs. -Sunway REIT on track for $522MM IPO. -Kimco Realty (NYSE: KIM) and Big Shopping Centers (NYSE: BIG) enter into a joint venture to purchase $422MM retail...
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U.S. Treasury Reports that 1.5 Billion Share Sale Completed; Plans to Sell 1.5 Billion More
Wednesday, May 26, 2010 - 4:08pmDow Jones is reporting that The U.S. Treasury Department said it had received gross proceeds of about $6.2 billion from selling 1.5 billion in Citigroup Inc. shares (NYSE: C). The Treasury also plans to sell an additional 1.5 billion shares in the company. “Treasury, which took a 27% stake in...
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