the entire article is speculation, based on nothing. NOT A SINGLE SOURCED FACT!!!
J.P. Morgan Chase & Co., Wells Fargo & Co., Bank of America Corp. and Citigroup Inc., the nation’s largest banks by assets, tapped a total of $4.9 billion in loan-loss reserves in the third quarter, up by about a third from both the second quarter and the year-ago quarter after adjustments. All the banks except Citigroup showed significant increases compared with the second quarter.
Accounting rules allow the money to flow directly into profits. In all, it made up 18% of the banks’ third-quarter pretax income excluding special items, the highest percentage in a year, according to an analysis by The Wall Street Journal.
I guess the WSJ is not a single sourced fact. Maybe use HuffPo?
I guess someone got tired of your rudeness roberto. karma is a bitch isn't it?
Not justifying the call, in fact it's pretty scum bag. But if Roberto was polite and didn't insult and name call other commentators, would this even had happen? What is the saying, "Don't Sh*t where you eat."
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I don't see that spread on the other categories???
FHA charges up to 150 basis points on fees, I think even higher is some cases. You didn't have those high fees several years ago. FHA was running the chance it would need to be bailed out and increased their fees. They still could be bailed out, since borrowers are now steering clear of FHA, and trying a 5% or 10% Fannie or Freddie, but with much lower fees.
Do your own freaking research the employment number comes out every month
Average weekly earnings rose 0.3% in March from a year ago, using the data from the consumer prices report to adjust for inflation, according to this morning’s report from the Bureau of Labor Statistics. That’s a static growth rate, and it’s one more drag on a working class that hasn’t recovered from the crash of 2008.
The good news in all this: wages overall are up since the recession’s start. The bad news: They’re down from the end of 2008, broadly flat over the past decade, and on an inflation-adjusted basis, wages peaked in 1973, fully 40 years ago. Apart from brief lapses, like in the late 1990s, wages have been falling for a generation.