January 21, 2010
President Obama spoke today — and the markets took a huge dive. The Dow closed down 213 points, the biggest one-day loss since June of last year. Major banks and other financial institutions led the way. All but one of the Dow 30 was down (McDonald’s was the single winner). Dragged down with [...]
Entries Tagged as 'Banking Regulation'
What’s Your Position On Banks Raising Interest Rates To 79.9 Percent?
December 19th, 2009 · 1 Comment · Big Business
December 19, 2009
First Premier Bank has decided to raise the rate on some of their card holders to 79.9 percent. That’s right, that “ain’t” no typing mistake — for all practical matters, it’s 80 percent — up from 9.9. And other banks are looking at doing the same thing.
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Wall Street Perfecting Slight-of-Hand
December 2nd, 2009 · No Comments · Wall Street
The jockeying by Wall Street to avoid regulation and control, their efforts to re-write financial crisis history, and continue with business as usual, has gone pretty much unnoticed.
Tags: Bank Bailouts·Banking Regulation·Banks & Bank Failures·Bernie Madoff·Financial Bailout·Financial Crisis·Lloyd Blankfein·Tim Geithner
Great Things Can Happen When Politics Aren’t Involved
November 7th, 2009 · No Comments · Wall Street
Don’t expect too much restraint being place on the financial world, if any at all. It will most likely end up being more of what Congress does best: A lot of mumbo-jumbo that amounts to absolutely nothing.
Tags: Banking Regulation·Banks & Bank Failures·Ben Bernanke·Financial Bailout·Too Big To Fail
Random Thoughts on Other Notable Headlines of the Day — Issue XLIII
September 25th, 2009 · No Comments · Insurance Companies
Health Care Insurance carrier’s terror tactics; bankers absent of a self-regulating organization; and the wicked hedge funds.
Tags: Banking Regulation·Health Care Industry·Hedge Funds·Insurance Companies·Terrorist
