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Finance NetNet


  Monday, 21 Mar 2011 | 2:02 PM ET

Treasury's Mortgage Debt Sale Comes at Tough Time for Housing

Posted By: Jeff Cox

The Treasury Department’s move to start unloading its portfolio of mortgage debt likely will add one more point of pressure—albeit a small one—to a housing market hardly in a position for additional stress.

Fuse | Getty Images

Later this month the government plans to shed about $10 billion in its $142 billion portfolio of mortgage-backed securities that were guaranteed by government-sponsored enterprises Fannie Mae and Freddie Mac. The sales then will happen incrementally over the next year or so.

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  Monday, 21 Mar 2011 | 1:22 PM ET

High Frequency Trading: Can Any Stock Replace Citigroup?

Posted By: Lori Spechler
Citigroup Building
Getty Images
Citigroup Building

Can any stock replace Citigroup at the top of the volume ticker?

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  Monday, 21 Mar 2011 | 11:36 AM ET

Got Plans for the Next 25,000 Years?

Posted By: Ash Bennington
Thinkstock Images | Getty Images

It turns out that nuclear waste has more in common with the financial world than being a metaphor for the worst of its toxic assets.

Nuclear waste—some of which remains disastrously radioactive for 100,000 years—turns out to be the ultimate tail risk.

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  Monday, 21 Mar 2011 | 10:59 AM ET

Meredith Whitney an Optimist? There Has to Be a Catch

Posted By: Jeff Cox
Meredith Whitney
Meredith Whitney

Could things be getting so good in the US that even noted curmudgeon Meredith Whitney is finding reason to believe?

Answering such an improbable question requires perspective, as optimism from Whitney would be considered pessimism from most people.

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  Monday, 21 Mar 2011 | 9:56 AM ET

The Stock Compensation Conundrum

Posted By: Ash Bennington

The idea that bank CEO's would get richer—as a consequence of post-stress test dividends—began to spread days before the banks even announced their dividend disbursements last Friday.

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  Monday, 21 Mar 2011 | 9:08 AM ET

JPMorgan Is Beating Goldman Sachs in M&A Advice

Posted By: Julia La Roche

"Where Will Warren Buffett Hide From Goldman Sachs?" [CNBC's Becky Quick]

AT&T deal to buy T-Mobile for $39 billion raises antitrust concerns [NYTimes DealBook]

JPMorgan is beating Goldman Sachs in M&A advice [Bloomberg]

Citigroup in reverse split, reinstates dividend [Reuters via CNBC.com]

Boeing flies its new plane [Yahoo Finance]

Listen to what happened at the Rajaratnam trial [CNBC's Scott Cohn]

Buffett Sees More Deals for Berkshire Hathaway [WSJ]

»Read more
  Monday, 21 Mar 2011 | 8:55 AM ET

Sen. Corker: Durbin Amendment Is an 'All Out Assault' on the Community Bankers and Credit Unions

Posted By: Lori Ann LaRocco

There's a battle brewing in Washington that could impact the way you spend your money. I'm talking about how you use your debit card.

Nestled in the 2300 plus page financial reform was "The Durbin Amendment" which sets a price on "interchange fees"—the amount a bank charges a retailer everytime a consumer uses a debit card for a transaction. Visa and MasterCard , control 80 percent of the debit market and they set the debit interchange fee rates.

The Durbin Amendment would put a cap on interchange fees. In response to the amendment, some banks lare limiting the dollar amounts of debit card purchases or raising other feesto make up for the amount of money they are losing on a transaction.

I decided to speak with Senator Bob Corker \(R-TN\) who recently introduced a bill that would slow down the implementation of the Durbin Amendment, which is set to take effect on April 21.

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  Friday, 18 Mar 2011 | 4:16 PM ET

Goldman to Pay off Buffett—to Buffett's Likely Dismay

Posted By: Ash Bennington
  Friday, 18 Mar 2011 | 3:43 PM ET

CEA: Administration Keeping Drilling Projects in 'Suspended Animation'

Posted By: Lori Ann LaRocco

Before President Obama leaves for Rio, he'll be reading a letter signed by 20 Governors calling on the President for more energy options.

It lays out the Governor's concerns over the EPA's policy and regulatory initiatives saying these regulations will "within the next five years which will significantly impact the energy industry, increase burdensome costs to consumers, and hurt the competitiveness of U.S. manufacturers."

In addition to their grievances with the EPA regulations and policies, the governors also added it is too early for the Administration to be tapping into the Strategic Petroleum Reserves saying "The SPR should only be tapped when we face both international crisis and domestic decline in resource capacity. We have not yet reached this point."

With all this focus on energy, I decided to ask Michael Whatley Vice President, Consumer Energy Alliance \(CEA\) on what is needed to not only stabilize energy prices and reduce our dependence off of foreign oil.

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  Friday, 18 Mar 2011 | 3:32 PM ET

Growing Alternatives to Pricey Cotton

Posted By: Stephanie Landsman
100% CRAiLAR Flax fiber
Source: Naturally Advanced Technologies
100% CRAiLAR Flax fiber

As cotton prices surge, companies are trying harder to duplicate the feel of the commodity with cheaper, durable fabrics.

The latest: Naturally Advanced Technologies.

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