The battle over the Keystone pipeline has become one of the foremost issues in Washington today.
That’s the problem.
Bad behavior on the part of the big investment banks is almost a cliché by now, but some Wall Street lies can harm individual investors more than others.
This came to light again last week when the Financial Industry Regulatory Authority (FINRA) slapped a $15 million fine on Citigroup Inc. (NYSE: C) for giving privileged clients a much different opinion of certain stocks than the bank was publishing in its reports.
While the U.S. Federal Reserve has begun to reverse its easy money policies, other central banks around the world increasingly see such policies as an economic elixir.
As governments get more aggressive about curbing sweetheart deals that allow many U.S. companies to drastically lower their corporate taxes, it will take a big bite out of their profits – and that’s bad news for stocks.