One day after what was a rather disastrous hearing for Wells CEO John Stumpf, which culminated with a Senator telling the embattled chief executive he may want to consider going to prison, the bad news.. Zero Hedge
To paraphrase Mark Twain, everyone complains about inequality, but nobody does anything about it.
What they do is to use “inequality” as a takeoff point to project their own views on how to make.. Eurasia Review
According to sources familiar with the matter, Goldman Sachs is cutting almost 30 percent of its 300 investment banking jobs in Asia outside Japan in response to a slowdown of activity in the region... Source: Wochit Business -
Apple ( ) says all colors of the iPhone 7 plus model are sold out and the jet black 7 is sold out. The new phones go on sales in stores today and people have been lining up outside stores, waiting for.. Source: The Street -
Germany's flagship lender said on Friday that the United States Department of Justice wants it to pay $14 billion to settle an investigation into its selling of mortgage-backed securities. The.. Source: Wochit Business -
U.S. home resales fell more than expected in July after four straight months of strong gains. A lack of inventory limited choice for buyers, but further gains in prices suggested the housing market.. Source: Wochit Business -
“That Wall Street has gone down because of this is justice... They fucked people. They built a castle to rip people off. Not once in all these years have I come across a person inside a big Wall.. Zero Hedge
Have you ever felt the ick factor?
The Ick Factor: That icky feeling when you believe in certain values (social justice, environmental progress, etc.), but know that your money is supporting all the.. Huffington Post
Image credit: Auto loan
The subprime debt market is getting hot again. Consumers typically believe that in order to get a loan, such as one for a new car or home, they must have a high FICO credit.. Huffington Post
Submitted by George Pickering via The Mises Institute,
*Last week it emerged that, for the second time in two weeks, the Bank of England has been unable to buy back enough government bonds to.. Zero Hedge
Fannie Mae and Freddie Mac are extending one of the most successful federal programs enacted in response to the mortgage crisis into next year, even as the pool of borrowers who could benefit from it.. Newsmax
*By Narda Zacchino*
*The California Dream*
Living in California is like living in a bowl of granola; what ain't fruits or nuts, is flakes.
—GALLAGHER, COMEDIANThis popular late '70s East Coast.. Huffington Post
Is there another subprime loan crisis brewing?
John Oliver, host of HBO’s “Last Week Tonight,” found disturbing similarities between the easy loans dished out for used cars and the mortgage.. Huffington Post
Submitted by Shaun Bradley via TheAntiMedia.org,
*The world has been captivated by a continuous stream of disturbing and shocking headlines.* Seemingly every other day, different terrorist attacks,.. Zero Hedge
WASHINGTON ― Sen. Tim Kaine (D-Va.) is on Hillary Clinton’s short list of potential vice presidential nominees. He’s also actively pushing bank deregulation this week as he campaigns for the.. Huffington Post
London's housing bubble is beginning to burst. The first effects are already being felt in London and it is very likely that over the next few weeks the prices of residential and commercial property.. Huffington Post
Authored by Sue Chang via MarketWatch.com,
*Andy Xie isn’t known for tepid opinions.*
The provocative Xie, who was a top economist at the World Bank and Morgan Stanley, found notoriety a decade.. Zero Hedge
Here's the draft of the Democratic Party platform. It is dramatically more progressive than the 2012 version. The nation's political center of gravity has changed. Thanks to grassroots movements like.. Huffington Post
"We are facing the largest macro imbalance in global history."
That's according to Kyle Bass, founder of hedge fund Hayman Capital Management.
Investors better prepare for a Chinese crisis.. Business Insider