Saturday, 13 November 2010

Bank of America Is in Deep Trouble


There May Be Financial Disaster on the Horizon

By Joshua Holland

Its stock value has dropped 40 percent since April, and the bank is mum on what losses it's hiding on its $2.3 trillion balance sheet.


EU 'will bailout Ireland if needed':

EU mulls support for Ireland after Irish bond yields soared to record levels on public debt fears.

Deficit Panel Targets Mortgage Interest Deduction:

Among the proposals put forward by the Democratic and Republican co-chairs of President Obama's deficit commission is one idea that could hit homeowners where it hurts: reducing or eliminating the popular mortgage interest tax deduction.