Continue reading FDIC Shuts Down Banks in Nevada and Washington FDIC Shuts Down Banks in Nevada and Washington originally appeared on DailyFinance on Sat, 27 Feb 2010 10:36:00. Permalink | Tweet this! | Comments
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FDIC Shuts Down Banks in Nevada and Washington
In May, Congress passed a law that included lots of new rules designed to protect consumers from predatory practices, such as exorbitant fees and sky-high rates, by banks and credit card companies. But in response, banks and card issuers have simply come up with new fees. Continue reading Banks and Card Issuers Find Clever Ways Around CARD Act Rules Banks and Card Issuers Find Clever Ways Around CARD Act Rules originally appeared on DailyFinance on Mon, 15 Feb 2010 09:00:00. Filed Under: Credit Permalink | Tweet this! | Comments
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Banks and Card Issuers Find Clever Ways Around CARD Act Rules
In President Obama’s first State of the Union address, he tried to capture the public’s anger toward Wall Street while defending his decision to bail it out. He argued that while his rescue of the banks wasn’t popular, it was necessary. As a palliative, he suggested that $30 billion of the repaid TARP money be given to community banks to lend to small businesses. And he pushed for a bill that reduces the risk in the financial system to prevent a recurrence of the financial crisis. Continue reading Obama: Bailing Out the Banks “Was Necessary,” but “I Hated It” Obama: Bailing Out the Banks “Was Necessary,” but “I Hated It” originally appeared on DailyFinance on Wed, 27 Jan 2010 23:00:00. Filed Under: Economy , Investing Permalink | Tweet this! | Comments
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Obama: Bailing Out the Banks "Was Necessary," but "I Hated It"
Below are some of the best reads for investors from around the Web: Twelve guys who made a billion because their banks got bailed out. ___________ The skinniest house in NYC just got bought for over $2 million . ___________ Econlog explains why this recession is so deep . ___________ Continue reading Daily Blogwatch: The Biggest Risks to Your Portfolio; Plus, How to Make a Quick Billion Daily Blogwatch: The Biggest Risks to Your Portfolio; Plus, How to Make a Quick Billion originally appeared on DailyFinance on Tue, 19 Jan 2010 08:30:00. Filed Under: Company News , Columns , People , Investing Permalink | Tweet this! | Comments
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Daily Blogwatch: The Biggest Risks to Your Portfolio; Plus, How to Make a Quick Billion
Back in March 2007, Nicholas Van Hoffman wrote in the left-leaning opinion and investigative magazine The Nation that “the banks cannot find enough young people, students, sick people and old people on small fixed incomes to give credit cards to. Once they’ve got them signed up for a card the tricks and traps begin.” What a difference a recession makes: Today, the high-and-mighty Nation is issuing a Visa card of its own. Continue reading The Nation, a Leftie Magazine, Offers Capitalist Tool: Its Own Visa Card The Nation, a Leftie Magazine, Offers Capitalist Tool: Its Own Visa Card originally appeared on DailyFinance on Tue, 12 Jan 2010 11:30:00. Filed Under: Company News , Media Permalink | Tweet this! | Comments
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The Nation, a Leftie Magazine, Offers Capitalist Tool: Its Own Visa Card
The financial crisis has claimed seven more banks, bringing the total number of casualties this year to 140. The FDIC took over all seven of them: Two large banks in California, and smaller ones in Alabama, Florida, Georgia, Michigan and Illinois. California is among the states most severely impacted by the collapse of the real estate market, which has put pressure on mortgages written by community banks. Continue reading Seven more banks fail, bringing total to 140 Seven more banks fail, bringing total to 140 originally appeared on DailyFinance on Sat, 19 Dec 2009 10:00:00. Filed Under: Economy Permalink | Tweet this! | Comments
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Seven more banks fail, bringing total to 140
Filed under: Company News , Economy , Real Estate The United Arab Emirates has pledged to stand behind foreign and domestic banks in Dubai, offering additional money while extolling the strength of the Gulf nation’s financial sector as world markets brace for a potential day of reckoning Monday over Dubai’s crushing debt. The UAE’s immediate priority was arguably to avert any run, however unlikely, on banks by panicked depositors. But the promise of cheap funds also signaled to global investors that the country’s federal government — backed by oil money — will do what it can to limit the fallout from its indebted emirate’s woes. In a statement Sunday, the UAE’s central bank said it had sent notice to Emirati banks and foreign banks with branches in the country making clear they would have access to “a special additional liquidity facility.” Continue reading Dubai gets backing from United Arab Emirates. Just a ‘first step’? Dubai gets backing from United Arab Emirates. Just a ‘first step’? originally appeared on DailyFinance on Sun, 29 Nov 2009 21:15:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
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Dubai gets backing from United Arab Emirates. Just a ‘first step’?
Filed under: Company News , Healthcare , Pfizer The pharmaceutical industry has discovered the female libido . German biotech company Boehringer Ingelheim is “putting the finishing touches on a pill designed to reawaken desire by blunting female inhibitions,” according to Bloomberg News, which scientists will discuss next week in Lyon, France. The drug has nothing to do with George Clooney, or getting male spouses to help more around the house. Turns out women’s sex drives are centered in the brain. Who knew? (Not most guys, probably.) Continue reading Viagra meets its match: Sex pills for the female libido are on their way Viagra meets its match: Sex pills for the female libido are on their way originally appeared on DailyFinance on Fri, 13 Nov 2009 12:20:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments
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Viagra meets its match: Sex pills for the female libido are on their way
Filed under: Economy We all know that Wall Street’s bad bets nearly brought the financial system to its knees last year. Then U.S. taxpayers footed the bill to bail out Wall Street — taking on obligations potentially as high as $23.7 trillion , leading to a $1.4 trillion federal deficit, and $12 trillion in national debt. To me that’s a kind of reverse-Robin-Hood action. Ironically, a New York City charity called the Robin Hood Foundation, which says it supports 200 poverty-fighting programs, is celebrating Wall Street’s expected $140 billion 2009 bonus windfall. The head of Robin Hood’s response to the upcoming record Wall Street bonuses is “Hell yeah!” reports Bloomberg News . The reason for David Saltzman’s enthusiasm is that Robin Hood claims it gets more than half of its annual $150 million in donations from the employees of investment banks, brokerage firms and hedge funds. Continue reading Wall Street bonuses are Robin Hood in reverse — but one Robin Hood approves Wall Street bonuses are Robin Hood in reverse — but one Robin Hood approves originally appeared on DailyFinance on Fri, 13 Nov 2009 13:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
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Wall Street bonuses are Robin Hood in reverse — but one Robin Hood approves
Filed under: Economy , People Veteran Wall Street analyst Richard Bove caused quite a stir among bankers last summer with a research note that called out 24 mostly small and midsize financial institutions. Bove said they were endangered by rising levels of delinquent mortgages and other toxic assets. The decision to publish that research has cost Bove plenty. One of the banks he identified as troubled sued him last July . To protect his firm, he quit and joined another company , and he has since been shouldering a monthly legal bill of some $50,000, he says. But he’s not backing down. Indeed, in a new report sent to clients Wednesday, he sought to show that most of the banks he criticized more than a year ago haven’t fared well since. Continue reading Bank analyst Richard Bove, sued but unbowed, strikes again Bank analyst Richard Bove, sued but unbowed, strikes again originally appeared on DailyFinance on Wed, 04 Nov 2009 18:10:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments
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Bank analyst Richard Bove, sued but unbowed, strikes again
