All Posts Tagged With: "Banks"
Biden Joins NY Investigation into Validity of Mortgage Paperwork
Attorney General Beau Biden is joining the investigation started by NY AG Eric Schneiderman in looking at mortgage Trustee Banks Bank of New York Mellon and Deutsche Bank.
14Jun2011 | cassandra_m | Comments Off | Continued
Ungrateful
They got an extraordinary bailout funded and guaranteed by the taxpayers of the United States of America — they still are — and yet Jamie Dimon of Citibank Chase is whining about regulations from Dodd-Frank:
Time To Make A Call – 5 Reasons To Call Your AG Tomorrow
Tomorrow is the day where you and thousands of people will call our Attorneys General to demand a strong settlement against the big banks. Why is your phone call so important?
28Mar2011 | pandora | 6 comments | Continued
Banking Reform Legislation Background
So now that we’re done (for the moment) with the HCR, it is on to Banking Reform. This work has been ongoing in the House (who passed a bill already) and Chris Dodd’s Banking Committee. The Congress is in recess now, but it is worth taking some time to get up to speed on the coming issues and the bill itself.
29Mar2010 | cassandra_m | 2 comments | Continued
Obama To Deal With “Too Big Too Fail”
This is a good move. I feel a lot of resentment against these banks that put our economy on the brink of collapse and then reward their executives for getting taxpayer money.
The president, for the first time, will throw his weight behind an approach long championed by Paul A. Volcker, former chairman of the [...]
What Sort Of Scum Would Profit Off The Haiti Disaster?
If you answered credit card companies you’d be correct.
As a massive human tragedy unfolds in Haiti, relief organizations are soliciting credit-card donations through their hotlines and websites. About 97 percent of these donations will actually make it to the designated organizations — but the other 3 percent will be skimmed off by banks and credit [...]
Socialists Stealing Paychecks!
Kenneth Feinberg of the Treasury Department has been watching the sycophant banks and trading companies very closely and he’s a little pissed that many of decided to give themselves bonuses, pay increases and other perks. Not anymore, reports The New York Times.
. . . The seven companies that received the most assistance will have to [...]
Liberalgeek’s Revenge
I was listening to some news this morning and someone commented that the banking stocks are back up to almost pre-crash prices. I immediately remembered that I had been lambasted by Jason330 about my investment advice to him to buy Bank of America stock. that was on February 20th when BofA was trading at $3.79.
If [...]
Chart of the Day
An excellent depiction of the current state of the Too Big to Fail showing their bonus payouts vs TARP holdings and current earnings or losses:
17Aug2009 | cassandra_m | Comments Off | Continued
Carper Does It Again: Chooses Banks Over People
Sen. Bernie Sanders’ attempt to cap usurous interest rates on credit cards fell far short of passage today. The deliberative body that Sen. Richard Durbin referred to as ‘controlled by bankers’ easily beat back Sanders’ attempt to restore sanity to the credit card industry:
The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 [...]
Switzerland to Loosen Bank Secrecy Laws
That collective gasp emanating from the Vicmead Hunt Club can now be explained.
According to the BBC, Switzerland has agreed to loosen its bank secrecy laws after facing pressure from Washington and other international capitals.
The Swiss government confirmed that in line with OECD rules, it would now respond to overseas requests for information in cases of [...]
The Stickup Note
On Friday, NPR aired a longish segment (almost 8 minutes) of reporting on bank bailouts via a research note set out by a Deutsche Bank economist:
A single piece of paper may just be one of the most surprising and illuminating documents of the whole banking crisis.
It’s a one-page research note from an economist at Deutsche [...]
Are Banks Making Money Off Unemployment Benefits?
If there’s a justification for the biggest welfare queens in history subsidizing their losses on the backs of people their incompetence and greed helped place in the unemployment line I’m not seeing it. Probably because it doesn’t exist!
First, Arthur Santa-Maria called Bank of America to ask how to check the balance of his new unemployment [...]
20Feb2009 | pandora | 15 comments | Continued
Good Bank, Bad Bank
There’s no quick and easy way for me to copy this masterpiece to this blog, but just click here to read the story of American Banks if Dr. Seuss was telling it.
Very creative…
Regulating the Cards
From Sunday’s WaPo:
The Federal Reserve on Thursday will vote on sweeping reform of the credit card industry that would ban practices such as retroactively increasing interest rates at will and charging late fees when consumers are not given a reasonable amount of time to make payments.
….Among the [...]
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