President OBAMA Reforming Wall Street

President Obama signed into law Wall Street reform that put in place smarter, tougher, commonsense rules of the road and the strongest consumer protections in history.

It’s now been almost four years since irresponsibility in certain corners of Wall Street nearly caused our entire economy to collapse.  Today, it’s pretty clear to most of us that the rules we once had in place to protect our financial system were old and poorly enforced.  They allowed dangerous risk-taking to go unchecked.  And when the largest financial institutions did fail, they left hardworking taxpayers holding the bag.  And as we dug our way out of the worst recession of our lives, President Obama promised to reform the system so this never happened again.

That’s why, two years ago today, President Obama signed into law Wall Street reform that put in place smarter, tougher, commonsense rules of the road and the strongest consumer protections in history.

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Wall Street Reform Two-Years Later: Reforming the System and Protecting American Consumers

Mortgage Rates – 30 year fixed

It truly is a great time to buy a home.
Mortgage rates for 30 Year Fixed Loans in the past 18 months.

Bank of America Announces More Than $22 Million in Grants to Housing Nonprofits

CHARLOTTE, N.C.–(BUSINESS WIRE)–Jul. 23, 2012– The Bank of America Charitable Foundation today announced that it is awarding $22 million in grants to nonprofits that build and rehab affordable housing, offer foreclosure prevention services and homeowner counseling, and provide other services intended to revitalize neighborhoods and help working families find and keep suitable homes.

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Bank of America Announces More Than $22 Million in Grants to Housing Nonprofits

Tablets and the next tech bubble

On the last day of the second quarter, the major indexes tracked global markets sharply higher today after a two-day summit in Brussels resulted in a plan to ease borrowing costs in Europe. The Dow rose 277 points, the Nasdaq gained 85, and the S&P 500 added 33. Twenty-nine of the Dow’s 30 components gained ground, with JPMorgan Chase (JPM) the sole laggard, slipping 0.42%. Volume was moderate, and advancers led decliners by about six to one on both the NYSE and the Nasdaq. The prices of Treasuries fell, while gold futures added 3.4% to $1,604.20 an ounce. Oil futures spiked 9.3% to $84.96 a barrel.

 

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Tablets and the next tech bubble

How stable is cable? (podcast)

Video subscriptions to cable companies have stagnated. Yet, some cable companies have managed to deliver pleasant earnings surprises. And growth. That’s nice. How are they doing it, and what’s the opportunity for investors? Here to explain is Ann Miletti, managing director and lead portfolio manager with the Core Equity team at Wells Capital Management.

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How stable is cable? (podcast)