Don’t Focus on the Problem

easy solution

easy solution

 

It’s easy to get overwhelmed by the problem, and completely miss the fact that there are many other potential solutions available to you.

This applies in business and in your personal life. Take a look at your problem from a different angle and it just might not seem as hard anymore.

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JPMorgan Investigation Whale Losses

JPMorgan Investigation Whale Losses

JPMorgan Investigation Whale Losses are related to an arrogant path by Jamie Dimon and numbers of vice presidents and investors at JP Morgan.   The Huffington Post has a report on the Senate Investigation into the scandal.   It is amazing the condescension they demonstrated toward government regulators and the complete disdain they have for the law.

 

JPMorgan Investigation Whale Losses

 

JPMorgan Investigation Whale Losses

Too big to fail means that banks disrespect the rule of law and the constitution.  They are willing to push prosecution of individual home owners who lose everything while they continue to rake in profits and collect huge bonuses in spite of posting 6 billion dollar losses.

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Banks too Big to Fail

 Banks too Big to Fail

 

eric holderbanks too big too fail

The Attorney General Eric Holder Admits banks too big to prosecute because the banks too big to fail

Sen. Chuck Grassley, R-Iowa: In the case of bank prosecution. I’m concerned we have a mentality of ‘too big to jail’ in the financial sector, spreading from fraud cases to terrorist financing to money laundering cases. I would cite HSBC.

I think we are on a slippery slope and that’s background for this question. I don’t have recollection of DOJ prosecuting any high-profile financial criminal convictions in either companies or individuals.

Assistant Attorney General Breuer said that one reason that DOJ has not sought these prosecutions is because it reaches out to ‘experts’ to see what effect the prosecution will have on the financial markets. On Jan. 29, Sen. [Sherrod] Brown and I requested details on who these so-called ‘experts’ are. So far we have not received any information. Maybe you’re going to but why have we not yet been provided the names of experts the DOJ consults as we requested on Jan. 29? We continue to find out why we aren’t having these high-profile cases…

Attorney General Eric Holder: We will endeavor to answer your letter, Senator. We did not, as I understand it, endeavor to obtain experts outside of the government in making determinations with regard to HSBC.

Just putting that aside for a minute though, the concern that you have raised is one that I, frankly, share. I’m not talking about HSBC here, that would be inappropriate. But I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy. I think that is a function of the fact that some of these institutions have become too large.

Again, I’m not talking about HSBC, this is more of a general comment. I think it has an inhibiting influence, impact on our ability to bring resolutions that I think would be more appropriate. I think that’s something that we — you all [Congress] — need to consider. The concern that you raised is actually one that I share.

Grassley: Do you believe that the investment bankers that were repackaging bad mortgages that were AAA-rated are guilty of fraud or is it a case of just not being aggressive or effective enough to prove that they did something fraudulent and criminal?

Holder: We looked at those kinds of cases. I think we have been appropriately aggressive, these are not always easy cases to make. When you look at these cases, you see that things were done ‘wrong’ then the question is whether or not they were illegal. And I think the people in our criminal division… I think have been as aggressive as they could be, brought cases where we think we could have brought them. I know that in some instances that has not been a satisfying answer to people, but we have been as aggressive as we could have been.

Grassley: If you constitutionally can jail the CEO of a major institution, that is going to send a pretty wide signal to stop a lot of activity that people think they can get away with.

Holder: You are right, senator. The greatest deterrent effect is not to prosecute a corporation — although that’s important — the greatest deterrent effect is to prosecute the individuals in the corporations that are responsible for those decisions. We’ve done that in the UBS matter and try to do that whenever we can. But the point that you make is a good one.

 

The Banks are too big to fail and that is a diservice to all Americans and the world.  Until we solve this and stop banks too big to fail we will all suffer from the greed and mismanagement of the CEO’s of banks too big to fail

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Fixed Index Annuity

Fixed index annuity

The benefits of fixed index annuity

When retiring, selecting the correct vehicle accumulation can be very hard because there are so many products to choose from and you must choose what’s best for you. You probably want the guarantee of the principal and its safety and the credit interest. Also, people usually prefer a higher interest. This happens if it’s going to be linked in the market. This is a return potential that cannot be offered by a fix rate product. Before, they only have two choices and these are “to receive the minimum amount of interest and the guarantee of principle” or link it to the market to potentially gain bigger returns together with its risk endangering your principal. Today you are able to have both market potential and principal guarantee. You may now have a no risk of loss of principal in linked growth.

Guarantee of the principal and security

The best features that a traditional fixed annuity provides are also provided by fixed index annuity. This means a guarantee of principal. Not like the usual mutual funds where fluctuation of your account balance will probably happen because of the performance of the market, fix index annuity will guarantee you that it’s never going down because of the market downturns. A fixed index annuity contract owner is always at a market indexed interest with no market type loss.

The possibility of growth in linked stock market of your fixed index annuity

Even if the index annuity and the traditional fixed annuity have many same features, this has a unique feature that enables a possibility of a stock market linked interest. It credits with no possibility of any loss of any market type. Totally different from a security product type where investors experience the market risk. The fixed indexed annuity puts the contract owner away from any risk of principal due loss because of market downsides.

Indexing

The money that you get from fixed index annuity is market stocks like performance based from one of the indices. Indexing is a strategy for investment that is inspired by the performance of select securities. The fixed index annuity is connected to the showings of this kind of market index without participating directly in equity investments and or stocks.

A lifetime income is guaranteed from a fixed index annuity

An income flow is guaranteed and provided by fixed index annuity when you purchase this. There are different kinds of payment options that you may choose from. With plans that are not qualified, a part of every annuity payment mirrors a return of non taxed premium. This cuts down the income tax that is on the annuity payments.

What you can expect from fixed index annuity

Without having the exposure to the risk in market, fixed index annuity contains a great possibility for market linked interest. The contract owners should not think that fix index annuity is going to imitate the stock market indices exactly because it uses an investment strategy that is passive. Surely, your long term retirement needs will be met because the fixed index annuity is designed to do so

fixed index annuity
Fixed Index Annuity

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Cheap Fixed Mortgage

Cheap Fixed Mortgage

 

Searching for a cheap fixed mortgage

Because of bad economy, looking for a cheap fixed mortgage today is a bit difficult for people who are considered as an average consumer. But if you have patience and knows how to research, you’ll be able to find the best deals or best cheap fixed mortgage out there. Searching for cheap fixed mortgage that you’ll like is very important in a person’s life. You should know that this is negotiable. This is why in searching for cheap fixed mortgage you must know how to compare the rate with lenders. The usual routes that people use to get a home are mortgage companies, commercial banks and credit unions. All of their rates are different and that is why you have to research and make a list of great options to choose from to be able to effectively search competitive rates.

Cheap Fixed Mortgage

Cheap fixed mortgage of your choice

Your choice of mortgage provider must be able to provide you satisfaction. Always make sure that you get information from every lender you dealt with and about to deal with for you to be able to do this successfully. As the fees will be added to the usual financing rate, it is also important that the yearly percentage rate should be taken into account also. Remember to not choose based on what is the cheapest. You should learn what is compatible for you.

After narrowing down the list of cheap fixed mortgage

In narrowing down the list of cheap fixed mortgage, search and choose carefully and wisely. Having a list is very important because this is how you get the mortgages that you like together and see what advantages and disadvantages each have. And then you’ll end up getting the best by narrowing it down to which one can provide you what you need. It is advised for you to pursue the negotiation on the quoted rate given. It doesn’t matter if your credit is perfect or not. Following up is a great way to save money together with making deals. You should be open in working with different banks and credit institution. If you have a great credit history or a perfect credit report and a stable financial status, then there is a potential that you’ll have a chance to be offered with the best fixed rate mortgage. You just have to remember that if you found the cheapest fixed mortgage, it does not automatically mean that it will fit you already. This is how you are going to be able to know and figure out what is the best cheap fixed mortgage that is also compatible for you.

The most important part here is for you to understand that the main responsibility here is to pay your debt. You don’t want all of your hard work to come to waste do you? Do not worry because cheap fixed mortgage are always easy to be paid because they are really designed for people who do not have so much money.

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