As OPEC maintains its resistance to any draws in production we continue to see any attempts to rallying prices met with substantial selling. Similarly, as the European Central Bank, the Bank of Canada and possibly other major central banks throughout the world ease rates or up asset purchasing programs, all rallies in those coordinating currencies are sold off sharply.
Bank of America Corp.’s Countrywide unit should pay the maximum of $2.1 billion in penalties for selling defective mortgage loans to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, the U.S. said.
The short story is that U.S. companies can, with a certain amount of effort, move their legal address to Ireland or wherever and more or less avoid paying any taxes. This is called an "inversion," and the math is pretty straightforward.