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Wednesday, April 4, 2012

Finance·Money, Michael Driscoll


He(Jamie Dimon)’s combative by nature. And like a lot of these alpha dogs, when he’s backed into a corner, he’s going to bark back.

- Michael Driscoll, visiting professor at Adelphi University in Garden City, New York.


http://www.bloomberg.com/news/2012-04-04/dimon-rails-against-contrived-and-confusing-rules.html
http://finclip.blogspot.com/2012/04/bloomberg-dimon-letter-derides.html

Reuters: Americans brace for next foreclosure wave

Reuters

Americans brace for next foreclosure wave
By Nick Carey

GARFIELD HEIGHTS, Ohio | Wed Apr 4, 2012 7:09pm EDT

GARFIELD HEIGHTS, Ohio (Reuters) - Half a decade into the deepest U.S. housing crisis since the 1930s, many Americans are hoping the crisis is finally nearing its end. House sales are picking up across most of the country, the plunge in prices is slowing and attempts by lenders to claim back properties from struggling borrowers dropped by more than a third in 2011, hitting a four-year low.

Bloomberg: Dimon Letter Derides Contrived, Confusing Financial Rules

Bloomberg

Related News: Executive, U.S., Finance
Dimon Letter Derides Contrived, Confusing Financial Rules
By Dawn Kopecki - 2012.04.04 05:02 PM

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. (JPM), used his annual letter to shareholders to rail against “contrived” and confusing financial rules that he said may stymie lending.

CNNMoney: Jamie Dimon: Lobbying is good, Washington is bad

CNNMoney

Jamie Dimon: Lobbying is good, Washington is bad
By Charles Riley @CNNMoney April 4, 2012: 6:22 PM ET

NEW YORK (CNNMoney) -- JPMorgan Chase CEO Jamie Dimon defended his bank's lobbying practices on Wednesday, writing in his annual letter to shareholders that the firm's activities are wholly appropriate and that ham-handed government officials are slowing down the recovery.

Monday, April 2, 2012

Finance·Money, Marc Faber


I think that people should own some gold and I think that people should own some equities, because before the collapse will happen, with Mr. Bernanke at the Fed, they're going to print money and print and print and print. So what you can get is a bad economy with rising equity prices.

- Marc Faber, in CNBC, 04/02/2012


CNBC: 'Massive Wealth Destruction' Is About to Hit Investors: Faber

Finance·Money, Marc Faber


Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse. Maybe all of it will happen, but at different times.

- Marc Faber, in CNBC, 04/02/2012

CNBC: 'Massive Wealth Destruction' Is About to Hit Investors: Faber

CNBC.com

'Massive Wealth Destruction' Is About to Hit Investors: Faber
Published: Monday, 2 Apr 2012 | 8:12 AM ET
By: Jeff Cox
CNBC.com Senior Writer

Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from "Dr. Doom" Marc Faber.

Friday, March 30, 2012

Do You Know About Mezzanine Debt?

http://realestateinvesting.com/

Do You Know About Mezzanine Debt?
March 30, 2012 By RealEstateInvesting.com

Commercial lending can get complicated, especially when dealing with debt. Check out this article below that will fill you in on a type of loan called “mezzanine” debt. Read all about it below.

CNNMoney: Low-ball appraisal: Mortgage denied

CNNMoney

Low-ball appraisal: Mortgage denied
By Les Christie @CNNMoney March 30, 2012: 5:28 AM ET

NEW YORK (CNNMoney) -- You find the home of your dreams. You're pre-approved for a mortgage. You've scheduled the closing. Then ... the appraisal comes in too low and the deal blows up.

Wednesday, March 28, 2012

Bloomberg: Orders for Durable Goods in U.S. Show Sustained Demand: Economy

Bloomberg

Orders for Durable Goods in U.S. Show Sustained Demand: Economy
By Timothy R. Homan - Mar 28, 2012 08:50 AM

Orders placed with U.S. factories for durable goods rose in February for a fourth month in the last five, signaling manufacturing will remain a source of strength for the expansion.