| Romney proposes 28 percent top income tax rate
(Reuters) |
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. |
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| JPMorgan, Citi, BofA sued for $949 million by Sealink
(Reuters) |
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. |
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| Consumer-finance watchdog probes overdraft fees
(AP) |
AP - The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks. |
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| U.S. mortgage applications sagged last week: MBA
(Reuters) |
Reuters - Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday. |
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| U.S. proposes to reduce top corporate tax rate: report
(Reuters) |
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. |
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| Fannie, Freddie need to tighten legal expenses: regulator
(Reuters) |
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. |
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| Watchdog: Limit Fannie, Freddie legal fees more
(AP) |
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. |
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| Colorado woman must turn over computer password
(AP) |
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. |
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| Regulator outlines new plan for Fannie, Freddie
(Reuters) |
 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.
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| I Was Told There Would Be No Math
(The Motley Fool) |
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. |
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| Gov't seeks smaller role for Fannie, Freddie
(AP) |
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. |
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| Banks to gulp half a trillion euros from ECB
(Reuters) |
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. |
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