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Who do you think is most to blame for the fiscal impasse?

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  1.  
    40 %
    Obama
    398 votes
  2.  
    41 %
    Congress
    415 votes
  3.  
    4 %
    Voters
    36 votes
  4.  
    15 %
    All of them!
    154 votes

Total Responses: 1,003
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Its trading fiasco's timing is terrible for bank investors.

By InvestorPlace May 24, 2012 1:23PM
By Dan Burrows


The following is part of InvestorPlace's Future of Financials series.


Financial reform, with the enactment of Dodd-Frank and the creation of the Consumer Protection Financial Bureau, hasn't been the death by a thousand cuts that banks said it would be -- but it has added uncertainty and taken bites out of their revenues.


Now, just when the nation's financial institutions had largely adjusted to this brave new regulatory world, JPMorgan Chase's (JPM) $2 billion-and-counting trading loss has put the Volcker Rule back at the top of regulators' agenda.


And that's the last thing investors in bank stocks needed.

 
Tags: banking

As the political glass ceiling continues to crack, these women leaders have the most influence.

By InvestorPlace May 22, 2012 7:29AM

By Ben Nanamaker


Since the 19th Amendment granting women the right to vote was passed more than 90 years ago, great strides have been made in the realm of political equality.


In that time, we have seen the first female Cabinet member (Frances Perkins, appointed Franklin D. Roosevelt’s Secretary of Labor in 1933), Supreme Court justice (Sandra Day O’Connor) and the first major party vice presidential nominee (Geraldine Ferraro), among many other milestones.

 
Tags: politics

Right now, under a plan introduced by President Barack Obama, an FHA-qualifying U.S. homebuyer can apply for a 30-year mortgage with a 30 year fixed interest rate of 3.75 percent and a 15-year fixed mortgage at 3 percent.

By The Fiscal Times May 18, 2012 12:11PM
By David FrancisThe Fiscal Times

Right now, the U.S. Federal Housing Authority is offering historically low interest rates on home loans as part of an effort to kick-start the housing market. Under a plan introduced by President Barack Obama, an FHA-qualifying U.S. homebuyer can apply for a 30-year mortgage with a fixed interest rate of 3.75 percent and a 15-year fixed mortgage at 3 percent. FHA loans require as little as 3.5 percent of the home’s value up front in the form of a down payment.

Compare this to a traditional mortgage offered by a private bank. Private banks require large down payments of buyers – traditionally 20 percent – to qualify for a low interest rate. 

One multimillionaire gives a controversial speech saying that only consumer demand, and not the wealthy class, will help jobs grow.

By MSN Money Partner May 17, 2012 2:21PM
Image: Wealthy couple (© Digital Vision/Getty Images)Updated 3:30 p.m. ET

By Jonathan Berr


Sorry, Republicans, but rich people are not "job creators." They never have been and never will be. No one ever invests in anything to create jobs. Employing people is a by-product of capitalism.

Those are the views of the venture capitalist Nick Hanauer, a multimillionaire who was recently invited to speak at a TED conference. The conferences are well-known gatherings featuring talks on a variety of topics and can be viewed online. 

There are some great choices and the GOP presidential candidate needs help with female voters.

By InvestorPlace May 16, 2012 3:31PM

By Wendy Simmons


After John McCain’s now notoriously bad "game change" in picking Sarah Palin as his vice president in 2008, many political observers expect Mitt Romney to choose a plain-vanilla running mate (e.g., Rob Portman of Ohio) to face Obama in the fall.


However, as the GOP works hard to overcome the 19-point advantage Obama has among female voters, the Romney campaign is likely to consider choosing a woman to join him on the ticket. Let’s review five possibilities, ranging the from the most similar to Palin to the most different.

 

The president seeks to turn the GOP challenger's business background against him. But guess who also has ties to Bain Capital.

By MSNMoney partner May 16, 2012 2:21PM

By Hans Nichols and Julianna Goldman

 

President Barack Obama's campaign took aim at Republican Mitt Romney's private equity experience on a day when the president was raising money at the New York apartment of Blackstone Group president Tony James.

 

A television advertisement scheduled to run in five swing states features interviews with former workers at a Kansas City, Mo., steel mill that was taken over in 1993 by Boston-based Bain Capital LLC, the private-equity firm co-founded by Romney.

 

"Bain Capital was the majority owner. They were responsible," said David Foster, who is identified in the ad as the lead negotiator for workers at GST Steel, which filed for bankruptcy in 2001.

 

Would his bullet-point business approach work on Capitol Hill? Some historians doubt it.

By MSNMoney partner May 16, 2012 2:21PM

By David J. Lynch

 

Shortly after his election as governor of Massachusetts, Mitt Romney gathered the people who would fill the state's top jobs for a get-acquainted luncheon.

 

As the group tucked in to plates of pasta salad and greens, Romney -- like the management consultant he once was -- distributed a paper explaining his operating style. About a dozen bullet points, including "talk to each other, not about each other" and "family first," filled the pages.

 

Beyond the bromides, Romney outlined the disciplined, data-driven process that had made him wealthy and then helped him rescue the 2002 Winter Olympics from scandal.

 

The website's co-founder has moved to Singapore, a country with no capital gains tax.

By Kim Peterson May 15, 2012 4:45PM
Credit: © Jason Kempin/Getty Images for Common Sense Media)
Caption: Eduardo Saverin, co-founder of FacebookDitching the U.S. to save a boatload on taxes. Is it the new American ideal?

I am referring, of course, to the case of Facebook co-founder Eduardo Saverin. We recently learned that the 30-year-old has renounced his U.S. citizenship and now lives in tax-friendly Singapore. While Saverin undoubtedly likes Singapore -- he certainly seems to enjoy the country's nightclubs and supermodels -- there's little doubt that tax considerations also spurred the move. 

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