Romney proposes 28 percent top income tax rate
(Reuters) published on February 22nd, 2012 at 05:26 PM Reuters - Republican Mitt Romney revised his proposal for overhauling the U.S. tax code on Wednesday, calling for all individual tax rates to be cut by 20 percent while declining to offer specifics on how to make up the lost revenue from lower rates.
JPMorgan, Citi, BofA sued for $949 million by Sealink
(Reuters) published on February 22nd, 2012 at 05:26 PM Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.
Consumer-finance watchdog probes overdraft fees
(AP) published on February 22nd, 2012 at 05:26 PM AP - The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.
U.S. mortgage applications sagged last week: MBA
(Reuters) published on February 22nd, 2012 at 05:26 PM Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday.
U.S. proposes to reduce top corporate tax rate: report
(Reuters) published on February 21st, 2012 at 05:26 PM Reuters - The Obama administration will propose slashing the top income tax rate for corporations to 28 percent from the current 35 percent, as part of a corporate tax reform plan that is set to be announced on Wednesday, the Wall Street Journal said.
Fannie, Freddie need to tighten legal expenses: regulator
(Reuters) published on February 21st, 2012 at 05:26 PM Reuters - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat.
Watchdog: Limit Fannie, Freddie legal fees more
(AP) published on February 21st, 2012 at 05:26 PM AP - The U.S. government regulator for Fannie Mae and Freddie Mac must do a better job limiting legal expenses paid by the two mortgage giants to their former executives facing lawsuits, a new watchdog report says.
Colorado woman must turn over computer password
(AP) published on February 21st, 2012 at 05:26 PM AP - Sophisticated encryption software has become so readily available and so effective, it's surpassed the federal government's ability to seize computers and gather evidence in criminal cases.
Reuters - The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.
I Was Told There Would Be No Math
(The Motley Fool) published on February 21st, 2012 at 05:26 PM The Motley Fool - In a 2009 NBC/Wall Street Journal poll, 8 in 10 Americans said they were concerned about the federal deficit and growing national debt.
Gov't seeks smaller role for Fannie, Freddie
(AP) published on February 21st, 2012 at 05:26 PM AP - The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' role in the housing market.
Banks to gulp half a trillion euros from ECB
(Reuters) published on February 20th, 2012 at 05:26 PM Reuters - The European Central Bank will lend nearly half a trillion euros to banks at rock-bottom rates next week through its three-year refinancing operation, despite signs institutions already have adequate liquidity, Reuters polls showed on Monday.
Citigroup whistleblower: I have no regrets
(Reuters) published on February 16th, 2012 at 05:26 PM Reuters - It wasn't Sherry Hunt's original intent to go public on the shoddy quality control at a mortgage unit at Citigroup Inc , her employer since 2004.
$923,411: What Santorum Made in 2010, but Still Much Less than Romney
(ContributorNetwork) published on February 16th, 2012 at 05:26 PM ContributorNetwork - Politico reports Rick Santorum has released four years' worth of federal income tax returns. The news outlet posted all four returns as PDF files for anyone to examine from 2007 to 2010. It was noted that Santorum released four years of income tax data, more than competitors Mitt Romney and Newt Gingrich.
