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Tuesday, May 8, 2012

Financial News 05/08/2012

CNBC: Fund manager says Fed engineered bull rally
CNN Money: Average prepaid debit card costs near $300/yr in fees
AP: Consumer debt increased by $21.4 billion in March
Reuters: Government return on AIG bailout could exceed $15.1 billion
BI: Warren Buffett supports retroactive tax penalty on wealthy
NYT: Short-term profit ventures stifle long-term profits per economist
FED: U.S. mortgage debt outstanding over $1.1 trillion lower than 2008
UK Guardian: Anti-austerity contributing to political gridlock amid crisis
BBC: HSBC Q1, 2012 profits fall 12% due to taxes
Bloomberg: European intercontinental banking wanes on debt crisis

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