Another Bottom for Stocks Coming

Billionaire Investor Jim Rogers told CNBC’s Squawk Box Asia that another bottom for equities will soon be coming. He believes that the economic fundamentals are still not in line for a recovery and that the current rise in the markets is just a bear market rally with a little more appetite for risk. However, as [...]

U.S. can face depressed economy for the next 5 years?

That’s right! You heard it! Our economy can see very little growth for the next five years. Paul Krugman, a noble-winning economist predicts if job losses continue to rise that we will continue to face an economic catostrophe of it’s own kind. With unemployment reaching double digits, many economists saying that the pace of decline [...]

RD Capital Group

FINRA has ordered Ramon Luis Dominguez (President of RD Capital Group in Puerto Rico) to pay restitution of $950,000.00 plus interest to three customers for charging undisclosed, fraudulent, and excessive markups on the sale of US Treasury STRIPS.
FINRA has discovered that between 08/2005 and 10/2005, firm has hold over $34 million in STRIPS to [...]

Changes to Forms U4 and U5

Some of new amendments to the forms include:
- monetary threshold for reporting settlements of customer complaints, arbitrations, or litigations was increased; $10,000 to $15,000.
- there are new questions on the form that require firms to report allegations of any sale practice violations against a registered person in which he/she is not a named party.
For [...]

Economic Calandar for 05/18/2009

1:00 PM NAHB Housing Market Index
1:00 PM Geithner Q&A on the economy

Dr. Doom: Capitalism Could Fail Like Communism

Could it be so true? Many critics say that the government’s involvement in private enterprise is leading to fascism possibly communism. With so many government programs leaning towards a socialistic society, many citizens are concerned of the future of our country. Check out the story below.
www.cnbc.com/id/30742936

CIA or DEA? Allen Stanford

As many conspriacies arise behind the Ponzi Scheme at Stanford’s Investment Firm, a new conspiracy has arised about whether Allen Stanford CEO/Chairman of Stanford was a Government Informant. Whether it was CIA or DEA, we have yet to determine. Check out the video below from CNBC.

Goldman, M. Stanley, Others To Repay TARP Soon

Goldman Sachs, Morgan Stanley, JPMorgan and several other big U.S. banks said they were in a position to quickly repay Treasury capital injections after regulators released bank stress test results. These were the same institutions that the results showed that doesn’t need any additional capital. After receiving green light from the Treasury, these insitutions will [...]

Wells Fargo

As the company announced stock offering of common shares equal to $6 billion the price fall over a $1.

Bank of America to need $34 Billion in Capital

News was released overnight where Bank of America will need additional capital for any future losses to make it through the recession. In pre-market trading Bank of America fell below $10. However, when a correction came in that this requirement was already fulfilled by the capital they received from the TARP program shocked the stock [...]

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