Fast Facts

WSE Exclusives

Must Reads

Bank of America (NYSE: BAC): Someone from This Fraud Machine Needs to Go to Jail

bank-of-america-nyse-bac[1]

Last week Bank of America (BofA) got slammed by the Consumer Financial Protection Bureau for fraudulent marketing and sales of “add-on” products.

The CFPB found that they had ripped off credit card customers by selling them identity theft protection and credit protection programs, without ever actually providing much of anything.

Read all about BofA’s shady marketing practices… the other banks that have also engaged in fraud…

The post Bank of America (NYSE: BAC): Someone from This Fraud Machine Needs to Go to Jail appeared first on Money Morning – Only the News You Can Profit From.

Helping the Fellow Out

After biotech stocks hiccupped on Thursday, April 11, 2014, ISI analyst Mark Schenebaum told the world: “Horrible day in biotech. I’m frankly at a loss for an explanation. And it’s my job to know why. [The reason he gets paid the big bucks - FJS.] Schenebaum “has been following the sector since 2000,” but maybe spent too much time golfing.