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Article Category: Banking
The CFPB has begun looking into the nation's banks and their overdraft protection and fee policies. A lot of customers are less than thrilled with the way that a ton of banks deal with them. Source for this article: CFPB looking into overdraft protection...
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One day I expect to look in the dictionary and find Bank of America listed under Crony Capitalism. This is a company that posted quarterly loss after loss when the government bailed them out. This banking giant, despite the fact that they had just...
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Harvard University history professor Niall Ferguson says that Americans should be paying more attention to the eurozone crisis. He believes that the issues facing Europe are going to make their way to the U.S. Writing in The Daily Beast, Ferguson...
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In a new opinion piece published by Financial Times, Bridgewater Associates founder Ray Dalio claims that America is in the process of "deleveraging" (selling off assets) herself and that political leaders have opted to act on populist...
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Scroll down this post for fuller accounts of this hot new trend!
Now the most recent case.
In an effort to protest “corporate greed” or big banks (or whatever statement they were trying to make), two members of Occupy Santa Cruz attempted to close their...
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A projected gain in U.S. payrolls in September was probably too small to bring down the unemployment rate as concern mounted that the global recovery was losing momentum, economists said before a report today.
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The repeal of the Glass-Steagall Act of 1933 was seen at the time as a way to help American banks grow larger and better compete on the world stage.
“Today, Congress voted to update the rules that have governed financial services since the Great...
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Home page of The Libertarian Store
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President Obama’s accused drunken-driving uncle — who was busted after a near collision with a Framingham cop — has had a valid Social Security number for at least 19 years, despite being an illegal immigrant ordered to be deported back to Kenya, the...
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Citigroup Inc. (C) and Bank of America Corp. (BAC) were the reigning champions of finance in 2006 as home prices peaked, leading the 10 biggest U.S. banks and brokerage firms to their best year ever with $104 billion of profits.
By 2008, the housing...
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Fannie Mae and Freddie Mac — now owned by you, the taxpayer! — have foreclosed on lots of homes. Those foreclosed homes act as a drag on the housing market, but Fannie and Freddie are reluctant to just get rid of them once and for all by offering them in...
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According to the Austrian School of Economics, government-controlled central banks (i.e. The Federal Reserve) trigger cycles of boom and bust by artificially increasing the money supply (inflation).
Here’s how it works: People with money left over after...
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As the government prepares an emergency budget to help pay for the bank bailout, Will Hutton investigates the banks and what they’ve done with our money. He discovers that while ordinary taxpayers take the pain, for the banks it’s largely business as...
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America we are sinking fast We need a bigger boat This is the weight sinking our boat
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