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Angelo Mozilo can finally get on with his life. This month the Justice Department told Mr. Mozilo, the former chief executive of Countrywide Financial, once the nation’s largest subprime mortgage lender, that he was no longer under investigation in connection with civil mortgage fraud. The government’s criminal inquiry into Mr. Mozilo’s role in the financial crisis was dropped previously, so he is now in the clear. At least that’s the view from Washington. On Main Street, where the pain of Countrywide’s reckless lending and abusive foreclosure practices still throbs, it’s safe to say that Mr. Mozilo is still identified as...

I have a brokerage account. A person with the same name as me passed away and the broker transferred all of my shares to his heirs. What legal actions can I take? What rights do I have? Anybody in the financial industry that can weigh in...it would be appreciated. Thanks

Famed investor Jim Rogers is warning that financial Armageddon is just around the corner, and it's being fueled by moronic central bankers. "We're all going to pay a horrible price for the incompetence of these central bankers," he said Monday in a TV interview with CNNMoney's Nina dos Santos. "We got a bunch of academics and bureaucrats who don't have a clue what they're doing." The Singapore-based American investor said central bankers are doing everything they can to prop up financial markets, but it's all for naught. He predicts their unconventional monetary strategies will lead to a stock market rally...

The global financial system has become dangerously unstable and faces an avalanche of bankruptcies that will test social and political stability, a leading monetary theorist has warned. "The situation is worse than it was in 2007. Our macroeconomic ammunition to fight downturns is essentially all used up," said William White, the Swiss-based chairman of the OECD's review committee and former chief economist of the Bank for International Settlements (BIS). "Debts have continued to build up over the last eight years and they have reached such levels in every part of the world that they have become a potent cause for...

Saudi Arabia is mulling the sale of shares in Aramco, believed to be the world's most valuable company, as part of plans to repair its finances and open up its economy. The announcement was made by the country's deputy crown prince as Saudi's secretive, state-owned oil firm grapples with the effects of oil prices nearing 12-year lows . Mohammed bin Salman told The Economist: "That is something that is being reviewed, and we believe a decision will be made over the next few months." The Saudi economy has taken a battering from the oil price decline and the finance ministry...

Looking for substantive business and financial content.

OWNING your own house is as much the Australian dream as the American dream, and it's one that feels increasingly out of reach for many. But when one user on Quora pondered whether it was ultimately better to rent or own your own home, blogger and investor James Altucher penned this highly controversial response: I am sick of me writing about this. Do you ever get sick of yourself? I am sick of me. But every day I see more propaganda about the American Dream of owning the home. I see codewords a $15 trillion dollar industry uses to hypnotise...

This information is readily available at the above site.  I am providing it here in an easier to access format. Candidates names are used instead of their campaign names, making them easier to find.  Ex: "Bush, Jeb" vs "Jeb 2016, Inc." At the site you will have to select time periods, candidates, and reports, then back out to start over.  Here it's all one click away. You are linked directly to the summary section of each page.  You will be able to scroll up and down to see more information.Note that both Republican and Democrat reports are provided.Presidential Candidate Financial...

While Carly Fiorina has unquestionable debate skills, the more I research her background, the more troubled I become. While it's clear that she is -- politically speaking -- somewhere to the left of Jeb Bush on policy, it is her business record that is most alarming. Let me start with a little history lesson and a company called Lernout & Houspie. Founded in 1987 by two Belgians, L&H went public in 1995 on NASDAQ and operated from U.S. headquarters in Burlington, MA. Specializing in voice recognition software, L&H rode the tech boom to a peak market valuation of $10 billion....

Comparing net worth, income, debt and retirement nest eggs for the typical American. Is your network higher or lower than people of a similar age? How does your pay compare with others? Do you have more debt than the average Joe or Jane? Do you have more or less money set aside for retirement than your neighbors? Knowing how you stack up financially to your peers can offer up insight that allows you to make changes that can secure your financial future, so let's take a closer look at how you stack up against the average American.Net worth varies widelyLast...

I read decades ago that the average life expectancy of a fiat economy is about 40 years. I searched and quickly found this article titled "Gold and Fiat Currency: 40 Years Later," a four-year old article dealing with the ill-advised decision to have the world's reserve currency dump the gold standard.The US economy and those of the world in general is at or is fast approaching that life span of about 40 years. These economies are moving at different speeds and thus are of differing maturities but one thing is common. Too many of them rely on some form of...

Did you see what just happened? The devaluation of the yuan by China triggered the largest one day drop for that currency in the modern era. This caused other global currencies to crash relative to the U.S. dollar, the price of oil hit a six year low, and stock markets all over the world were rattled. The Dow fell 212 points on Tuesday, and Apple stock plummeted another 5 percent. As we hurtle toward the absolutely critical months of September and October, the unraveling of the global financial system is beginning to accelerate. At this point, it is not...

China looks like it is heading for its version of the 1929 stock market crash While all Western eyes remain firmly focused on Greece, a potentially much more significant financial crisis is developing on the other side of world. In some quarters, it’s already being called China’s 1929 – the year of the most infamous stock market crash in history and the start of the economic catastrophe of the Great Depression. In any normal summer, a 30pc fall in the Chinese stock market – a loss of value roughly equivalent to the UK’s entire economic output last year – after...

"The cashpoint at the Greek parliament is reported to have been topped up three times during an emergency session on Saturday night as ministers and MPs scrambled to get their own money out"

BEIJING — The International Monetary Fund no longer believes China’s tightly controlled currency is undervalued, an IMF official said Tuesday, a stance that might help Beijing in its wrangling with Washington over exchange rate controls. The IMF’s first deputy managing director, David Lipton, also said Beijing should work toward having a floating exchange rate in two to three years. The United States has long accused of China of suppressing the value of its yuan, giving its exporters an unfair price advantage and hurting foreign competitors. The IMF had considered the yuan undervalued — a source of tension between the fund...

In all this talk about whether the economy will be strong enough to support the first policy change of this cycle, and how utterly sad it is to even have to argue about it, the larger issues about the exact operational framework remain largely unexamined. The intent of the FOMC is to undergo an orderly transition from extraordinary policy positions toward a setting more like normal. To go from A to B is not as simple as plugging in a new number, a fact that Federal Reserve officials are very quietly dealing with. The Fed has a repo problem, one...

After a rough start to the year, economists are counting on the U.S. to bounce back in 2015 much like it did in 2014. Forecasters in the latest Wall Street Journal survey estimated the U.S. economy contracted at a 0.3% pace in the first quarter because of hits from winter weather and the West Coast port slowdown. But the panel, on average, sees annualized economic growth of 2.8% in the second quarter, supported by stronger job gains and wage growth. They also see the drag from weak trade and a strong dollar dissipating by the second half, delivering average economic...

Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan. "Just remember we had the 'taper tantrum.' And we're going to get another one," Greenspan said Wednesday at the Global Private Equity Conference in Washington, DC. "This is a very tough period to get through," he added about the Fed increasing interest rates. "Normalization is great, but the process of getting there is going to be very rocky." Greenspan said there was no way to get around bond market volatility but said it was necessary to help the Fed and other central...

The U.S. won’t put a dent into poverty and income inequity unless Democrats and Republicans can agree to raise taxes on top earners like hedge-fund and private equity managers, President Barack Obama said Tuesday. Obama, whose longstanding proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation’s wealthiest pitch in as more and more Americans are falling behind. “If I were able to close that loophole, I’d be able to invest in early childhood education,” Obama said at a poverty summit at Georgetown University in Washington. “If...

The doomsayers always come out whenever stock markets get more volatile, like they have this month. These gloomy prophets go on and on about how derivatives are going to cause another financial crisis, or how valuations are stretched, or how equities will collapse whenever interest rates rise. Individual investors read the commentary by these experts and wonder if they should adjust their portfolios, or even sell everything and wait out the impending collapse. But before you do that, take a moment to calm down and have another think. In every single one of our 30 years in the business, someone,...