Investments

Biden’s Banking Nominee Calls to Eliminate All ‘Private Bank Accounts’

Behind The News, Investments / By

Published by Breitbart | November 13, 2021 If the Senate were to confirm Omarova, she would have the “most powerful, least accountable” position over America’s banking system. Saule Omarova, President Joe Biden’s nominee for the Office of the Comptroller of the Currency (OCC), called during a March 2021 virtual conference to eliminate all private bank …

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Democrats put 401(k) and IRA Restrictions Back Into Their “Build Back Better” Plan

Investments / By

Published by CNBC | November 4, 2021 An updated version of Democrats’ “Build Back Better” plan has new rules on retirement plans for the wealthy. House Democrats proposed several rules to curb retirement accounts of the rich, part of a broad restructuring of the tax code tied to the party’s Build Back Better social and …

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Zillow to Stop Flipping Homes Due to Massive Losses

Investments / By

Published by MarketWatch | November 2, 2021 “We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility,” CEO tells investors. Zillow Group, Inc. is calling it quits on the home-flipping business, while disclosing losses of more than …

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FHFA: Desktop Appraisals to Become a Permanent Option

Investments, Mortgages / By

Published by REALTOR Magazine | October 19, 2021 The physical presence of an appraiser is no longer necessary to determine a home’s value. The Federal Housing Finance Agency will accept appraisals conducted remotely—without the physical presence of an appraiser—starting in early 2022 for qualifying Fannie Mae– or Freddie Mac–backed mortgages. The government-sponsored enterprises will use …

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FORBES: As Opportunity Zone Window Closes, The Case For Investment Is Stronger Than Ever

Investments / By

Published by Forbes.com | October 5, 2021 No one can predict the future, but there are clear trajectories for certain asset classes that are undeniable. The opportunity clock is ticking. As a critical deadline in the qualified opportunity zone program approaches on December 31, 2021, investors are finding the potential tax benefits of the program …

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U.S. Treasury Secretary Janet Yellen Supports Taxing Unrealized Capital Gains

Investments / By

Published by Sovereign Wealth Fund Institute | September 29, 2021 Capital gains tax is a tax on the profit that investors realize on the sale of their assets. On September 28, 2021, Federal Reserve Chairman Jerome Powell and U.S. Treasury Secretary Janet Yellen testified on the coronavirus and CARES Act before the U.S. Senate Banking, …

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INVESTMENT WATCH: China’s Black Swan Has Arrived

Investments / By

Published by Investment Watch | September 20, 2021 How serious is this? Serious. The issue at hand is China’s massive Evergrande property developer. The company is effectively insolvent, with over $300 billion in bad loans. Many are calling this “China’s Lehman Moment.” The company’s stock is down 80% Year to Date. Real estate comprises nearly …

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