Big Banks Bet and Bank on Trading Profits - BoA and Chase Ride Trading Revenue to Profitability

Both JP Morgan and Chase and Bank of America reported profitable quarters this earnings season go around.

Though Chase has been in better shape over this economic down turn both banks profitable quarters relied on their investment banking activities.

Chase Bank reported 3.3 billion dollars for the first quarters profit. Bank of America came in right behind them with 3.2 billion dollars. 3/4's or 75% of Chase Bank profits came from trading and investment banking activities and 2/3 or about 65% of Bank of Americas profits came from their newly found investment banking operations. This profitable Merrill Lynch deal has beat the overall outside consensus and expectations. Just goes to show you that old Ken Lewis knew and still likely knows what he is talking about.

FDIC Extends Business Insurance Program

The FDIC Insurance for 100% of all business deposits will be extended for at least another six months if not longer. I predict that the program will be here through at least part of 2012. However the serious talks and sources that I have seen are saying mid 2011.

Conan O’brien Finds a New Home with TBS and the Time Warner Family

I love Conan. He is as funny as they get in my opinion.

Dow Tops 11,000 – Time to Go Back Down

This is a prediction that the DJIA will drop over the next several quarters to about 9000 – 9700 with the half way point 9350 my meat and potatoes estimate.

Fashion and Clothing Retailers Are Showing Substantial Sales Growth

The stock market continues to push forward and the buyers or bulls of the financial world have been rewarded with great sales figures from the retail sectors.

Banks Lowering Debt to Present Prettier Balance Sheets – Is This Dishonest?

How could banks and financial firms be accused of being dishonest when they lower debt at the end of the quarter?

Apple Steps into the World of Online Advertising With "iAD"

Mobile Advertising a growing advertising medium accounting for about 400 - 500 million dollars a year of the online advertising business just got shaken and stirred by Steve Jobs and Apple when the introduction to the "iAD" was unveiled last week.

iAd Video from YouTube.com

Here is the video fro YouTube that has the iAD Advertisement for Nike as a demo. This is presented by Steve Jobs Ofcourse.



View the Related Feature Article...

Apple Steps into the World of Online Advertising With "iAD"

Reform or Refrain - What Will Become of the Push to Reform the Financial Markets

It is no secret that the financial markets have not performed at there best. The free market by default will always be on the move, sometimes up, and sometimes down.

The last few years has been a bit skewed if we go by the history of the financial markets. We have not seen performance this low since the Great Depression.

Should the government reform the financial markets and current regulatory practices?

Debt Help and Debt Solution

The Economy is in a bad place. This is the result of careless and irresponsible lending and borrowing.

The major banks and financial institutions are gasping for cash similar to a smoker gasping for air. This cancer like smokers fit is causing financial ruin. The worst part of this idea is that it may only be half way through.

At the pit of this massive mess of financial hardship are the American consumer and the American dream. Both exist with the risk of becoming a history lesson.

Both businesses and consumers, are being bled to death through fees and hiked interest rates and at the same time their borrowing limits and lines of credit are being strangled and terminated left and right.

Is There Debt Solution for Those in Need of Debt Help?

The economy, the consumer, the banking system, the small, large, new, and old businesses as well as almost every industry are all in desperate need of debt solution.

Economic Growth - GDP 2.2% - Is It Real?

The final numbers are in for the third quarter and the numbers show a 2.2% growth in the Gross Domestic Product, also referred to as GDP. Now this figure can be good or bad news depending on who you talk to.

Brian T. Moynihan - A New Year and A New CEO for Bank of America

Come December 31st when Ken Lewis steps down as the Chief Executive officer of Bank of America Brian T. Moynihan will take over as CEO and will have a seat on the Board of Directors.

Mortgage Modification - No Easy Task

Obtaining a loan modification is hard. The lenders are overwhelmed with calls and mortgage defaults. It seems as if the only tactic they have to deal with the overwhelming volume of calls is the run-around and what a run it is. Homeowners, loan modification service reps, attorneys, nonprofit advocates, and even politicians have no luck with the dreaded call centers of the typical mortgage lender.

Don't take my word for it....




If she can't get these things through then who else is going to be able to obtain a loan modification?

Learn More -

Mortgage Modification Three Times More Likely to Reduce Principle

HAMP Qualifications - Obama Mortgage Help

Debt Solutions

Fonar Corporation (FONR) - A Play On MRI's and Sitting Down

Young Finance Guy's Speculative Picks - 

• Fonar Corp; Ticker Symbol FONR

Fonar is a medical company in both the Physician management and servicing industry as well as (and more so) the medical equipment industry. More specifically Fonar creates, develops, and sells MRI equipment. Not just any MRI equipment but cutting edge, innovative, and better performing MRI scanners such as their patented Upright MRI.

S&P Efforts to Predict Mortgage Bonds Potential Losses

Earlier in the week Standard & Poors announced that they will be analyzing and reporting on the potential losses to come on existing mortgage backed bonds and securities. You may not be surprised to hear that the Bond Rating industry and the firms it is composed of have caught some serious heat for doing more then just being inaccurate. S&P as well as all other major bond rating industries have been accused by many to have some faulty business and compensation models.