Tag: banking
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Job Growth Changes Bond Buyup Plans
In a recent series of intermittent posts on the Federal Reserve’s massive buyup of mortgage backed securities, we’ve been following the plan’s fast forward/slo-mo progress in response to the ebb and flow of activity in various sectors of the economy, particularly housing. Now, just after some regional Fed presidents voiced concerns over the scope of…
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More Legal Woes for Bank of America?
Will the Bank of America never learn? After a multibillion dollar settlement in the robosigning bank fraud scandal and ongoing court battles related to charges of skewing numbers reported to LIBOR, the bank so many love to hate is in trouble again, facing accusations of bad faith that could jeopardize yet another settlement in yet…
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Bank Fraud Settlement Checks Arrive –Only to Bounce
Nearly four years ago, several of the nation’s major banks were caught red-handed in a variety of foreclosure related abuses collectively termed the “robosigning” scandal. And it’s taken nearly that long for the first checks issued in that settlement to reach the victims of wrongful foreclosure and other fraudulent practices. But according to a recent…
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Bullet Demand Up. Supply Down: The Next Bubble?
Are bullets the new Bitcoins? Throughout the US, ammunition is flying from store shelves and manufacturers are pushing to keep up with the sudden demand. Alarmed by recent calls for new regulations on firearms, people are hoarding bullets. And that, say some financial experts, creates an artificial shortage with echoes of past speculation in gold…
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Bitcoins: Changing the Concept of Money
Another step toward a cashless society? Even when used in virtual transactions, money has traditionally been backed by a physical entity. But now, au upstart digital currency, the Bitcoin, is challenging conventional concepts about how money works and, some fear, threatening to topple old standards of financial transactions. The Bitcoin platform uses peer-to-peer technology to…
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London Calling: What LIBOR Means to You
The called them the bans too big to fail. But they haven’t been too big to get caught in a variety of fraudulent and deceitful practices. Still, the major US banks involved in the LIBOR fixing lawsuits have managed to beat back charges that they violated antitrust laws. Though the London Interbank Offered Rate is…
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AMA 35 – Rich Man Poor Man with Bill Whittle
Jason Hartman talks with Bill Whittle, host of Afterburner, regarding poverty levels in the United States and the strategies that undermine democracy and free markets. Bill’s opinion is that America has the richest poor people in the world, versus countries like Africa, where millions of people live in dire poverty, with starvation and lack of…
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AMA 34 – The National Inflation Association
A look at Jason’s Ultimate Investing Equation followed by Daniel and Gerard Adams for The National Inflation Association (NIA) recently featured on Inside Edition and ABC World News Tonight with Charlie Gibson, The Wall Street Journal, MSNBC, ABC’s Nightline, KTLA News and CNBC. After being ignored by family and friends about the coming stock market…
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AMA 33 – Mark Kohler – Exiting A Bad Property
Jason explores some ways to get out of a bad property then he interviews author/attorney Mark Kohler about his book “Lawyers Are Liars: The Truth About Protecting Our Assets.” Mark is an attorney, CPA and entrepreneur who has owned numerous businesses since high school, through college and even as a professional. Mark’s principal career has…
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AMA 32 Diane Kennedy, CPA: How To Save On Life’s Largest Expense
Most of us spend lots of time shopping around for the best deal on the things we buy while spending more money on taxes than anything else. Why not “shop around” to save money on life’s single largest expense? Join Jason as he talks with famed CPA, Diane Kennedy, about the tax strategies of wealthy…