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Financial Services



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AMEX discovers new depths to customer service

I’ve been an American Express customer for a long time. But recently they made it apparent that they do not want my custom so I’m in the process of closing my accounts. Unless their customer service tactics are treat ‘em mean and keep ‘em keen something very strange is happening at that company IMHO. It [...]

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Warren Buffett Stock Picks: Which Is Shrewdest?

In Berkshire Hathaway's latest portfolio changes, Warren Buffett added Wal-Mart, Exxon and Nestle, while shedding Moody's and Conoco-Phillips. Which will prove shrewdest?

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Goldman Sachs Staffers To Serve Thanksgiving Meals To Needy

Photograph of Great Performances catering captain Ken Bohlander, right, trying dishes that will be served on behalf of the Salvation Army on Thanksgiving Day by Kathy Willens/AP After admitting it did some things that were "wrong" and donating a pittance to help small business, Goldman Sachs continues to attempt some public penance by announcing a several hundred employees will serve Thanksgiving...

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Who Do You Trust

In reply to Blog for November 20, 2009 [See ADDENDUM] : Several columns from the Globe and Natl Post made for a good collection related to corruption in America: reprint of Wall Street Journal article "How A Sell Rating led to an analyst's Downfall"; Fairfax Delisting from NYSE (and their experience with corrupt & powerful US hedge funds); Diane Francis' recap of the laughable antics...

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Definitive Guide to Semiconductor ETFs

Michael Johnston submits: For investors looking to make a play on the technology sector through ETFs, there are a number of options offering varying degrees of exposure. The PowerShares QQQ Trust ( QQQQ ) tracks the Nasdaq 100 Index, meaning it is tilted heavily towards the technology sector (about 65% of its holdings), but maintains moderate exposure to health care and consumer discretionary companies...

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The Output Gap Model: Fatally Flawed

Could it be that the fundamental economic indicator that is gospel not only to Goldman Sachs , but to Ben Bernanke in estimating and determining monetary policy , the output gap , provides a flawed reading of the economy? As a reminder, Ben Bernanke has repeatedly expressed little regard for either commodity inflation or US dollar exchange as having an impact on overall US inflation. As Askari and...

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The Fed and Mortgage Rates

Meredith Whitney expressed concern about what will happen when the Fed stops buying GSE MBS by the end of the first quarter 2010. From Bloomberg: Meredith Whitney Says Bank Stocks Are ‘Grossly’ Overvalued The Federal Reserve has begun slowing purchases in the $5 trillion market for so-called agency mortgage-backed securities after announcing in September that it would extend the timeline...

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The strange and often bungled Goldman Sachs PR campaign continues

Earlier this week Goldman was ripped for creating a $500 million fund to help small businesses. Many complained that this represented just a few percent of their profits. Now they are hyping 300 employees out of nearly 32,000 employees who will help feed the homeless on Thanksgiving. Not even one percent? Really? After having their asses saved by the American taxpayer? Their percentages are declining...

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Fannie Mae Holds Annual 'Help the Homeless' Walk in D.C.

Participants in a 5k walk around D.C. are fighting homelessness with their feet. from ABC 7 News

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Market discipline vs. mob discipline -- By: Nicole Gelinas

Goldman Sachs has a new risk to manage: mob rage. News that the Wall Street firm has already set aside $16.7 billion for bonuses and other employee pay this year has provoked a visceral reaction. Goldman has spent the past couple of weeks groping for a proper response to this anger. CEO Lloyd Blankfein has gone from saying that Goldman is “doing God's work” to saying that “we apologize”...

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Ruth Sherman: What Artists Could Teach Goldman Sachs

As Goldman Sachs may be discovering, belatedly and to its chagrin, image matters. Perception is reality. Therefore, if we want business and government to do better by us, we need more arts education, not less.

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Investment Funds Profit Again, This Time by Paring Mortgages - New York Times

Investment Funds Profit Again, This Time by Paring MortgagesNew York TimesBut as part of these deals, the mortgages are being refinanced through lenders that work with government agencies like the Federal Housing Administration. …and more »

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Mortgage FREE VIDEO Preston Mortgage Preston Mortgages Preston Mortgage

http://www.themortgagehotline.co.uk Preston Mortgage Preston Mortgages Preston Mortgage FREE VIDEO we are the leading independent mortgage broker in the Preston You deserve the best mortgage brokers advice from the leading mortgage brokers in the Preston, so take a look at us we aim to save you a lot of time effort and money in applying [...]

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Baselines, Counterfactuals and the Stimulus

Apropos the post on evaluating the impact of the stimulus, here is graphical depiction of what IHS Global Insight, Macroeconomic Advisers, and Moody's predicted under the counterfactual of no stimulus against the w/stimulus outlook (from NYT).

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Ford Credit to Participate in Bank of America Merrill Lynch 2009 Credit Conference

DEARBORN, Mich., Nov. 20 /PRNewswire/ — On Thursday, Dec. 3, K.R. Kent, Ford Motor Credit Company vice chairman and chief financial officer, will deliver a presentation at the Bank of America Merrill Lynch 2009 Credit Conference in New York. The presentation will begin around 11:30 a.m. EST and will last for approximately 30 minutes. A listen-only [...]

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5 Ground Rules for Home Buying Success

There are few purchases in life that carry the financial and psychological weight of buying a home. Whether you are buying your first home, moving up to your dream home, or downsizing your home and your life after the kids have gone, it is important to understand the ground rules for success in the world of buying a home. Making the wrong decision in buying a home can have devastating and long lasting...

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A Positive Outlook for Real Estate

There is one word to describe the current housing market: optimistic. Despite months of hearing about a housing bubble and rising mortgage rates , the outlook for real estate is good. The worries of a bursting real estate bubble actually seem to be low among homeowners. In a national survey conducted by ING Direct, most individuals experienced some growth in their home value in the past 12 months....

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I’m Almost Ready To Buy A Home, What Should I Do?

Well, the first thing you should do before you shop for your new home is to get a copy of your credit report and credit score! You can obtain a copy of your credit report and score from one or all of the three credit bureaus: TransUnion, P.O. Box 2000, Chester, PA. 19022,800-888-4213,www.transunion.com; Equifax, P.O. Box 740256, Atlanta, GA. 30374, 877-784-2528 ,www.equifax.com; Experian, P.O. Box...