Summary Box: Citi CEO sees return to profitability (AP)

AP – BULLISH OUTLOOK: Citigroup Inc. says its returning to “sustained profitability” after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.

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Is Bank of America a Buy? (The Motley Fool)

The Motley Fool – With the recent auction of Treasury’s Bank of America (NYSE: BAC – News) warrants, the big bank joins Goldman Sachs (NYSE: GS – News), Morgan Stanley (NYSE: MS – News), and several other banks in completing its exit from TARP. But, is it a buy?

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The Christian Science Monitor – They pose as experts, guaranteeing they can stop a home foreclosure. They may promise they can get you to the head of the line, leapfrogging over the thousands of other people trying to renegotiate their mortgage with the bank. But most of all, they want money upfront.

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Plosser: Fed should sell MBS sooner, not later (Reuters)

Reuters – The Federal Reserve should sell its U.S. mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.

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Plosser: Fed should sell MBS sooner instead of later (Reuters)

Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.

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Plosser: Fed should sell MBS sooner instead of later (Reuters)

Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.

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Plosser: Fed should sell MBS sooner instead of later (Reuters)

Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.

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Plosser: Fed should sell MBS sooner instead of later (Reuters)

Reuters – The Federal Reserve should sell its mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.

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BofA spent $1.18M lobbying government in 4Q (AP)

AP – Bank of America Corp., the nation’s largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report.

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