Money & Markets – Week of 10.20.13

Exclusive – Boeing Gets $20.7 Billion Worth of 737 Max Commitments from China: Sources
Reuters | 25 October 2013
Boeing Co (BA.N) has secured commitments for around 200 of its 737 Max aircraft…

Fed Gives Middle Finger to Congress, Commodities Customers, and Public, Proposes to Allow More Banks to Participate in Commodities Business
Naked Capitalism | 24 October 2013
Nothing like watching a captured regulator like the Fed use a public hue and cry to execute a big bait and switch…

ECB Sets Out Tougher Bank Health Tests, Shares Drop
Reuters | 23 October 2013
The European Central Bank promised on Wednesday to put top euro zone banks…

Man Has $16,500 Worth of Bitcoin Stolen From MtGox
Examiner | 12 August 2013
Dave Wright had $16,500 of the crypto-currency Bitcoin transferred from his account without his knowledge…

Stockton, Calif. and Assured Guaranty Reach Bankruptcy Exit Deal
Reuters | 03 October 2013
Stockton, California and Assured Guaranty have reached an agreement…

Six Trends That are Reshaping Business
Journal of Accountancy | 20 October 2013
Accountants excel at analyzing numbers and developing strategies based off them…

Rollovers as Business Startups: A Guide to Using Retirement Funds to Start a Business
AICPA | 17 October 2013
Since the economic downturn, thousands of new businesses have been financed by retirement funds without triggering taxes or early-distribution penalties…

JPMorgan “Just the First Domino”: Bill Cohan
Yahoo Finance! | 21 October 2013
The $13 billion settlement JPMorgan Chase is reportedly set to pay would be the largest imposed…

The True Size of the Shadow Banking System Revealed (Spoiler: Humongous)
American Kabuki | 18 September 2013
The shadow banking system is vastly bigger than regulators had thought…

JPMorgan Close to $13 Billion Mortgage Settlement
Yahoo! Finance | 19 October 2013
JPMorgan Chase, eager to put a raft of mortgage-securities litigation behind it…

Median Wealth Increases, But U.S. Still Stuck at #27 in World
Angry Bear | 18 October 2013
The new Global Wealth Report and Global Wealth Databook from Credit Suisse were released last week…