Browsing All Posts filed under »BANKING INDUSTRY«

Big Government Battles Big Banks: Obama and Congressional Dems Speak Out

October 26, 2011

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For those of us for whom big government is anathema, there is a sense that only a big government can battle a big bank these days.  Bank of America’s abuses have been well-documented in their mortgage practices among others. Most recently the Bank has overstepped its role in a free enterprise system in their determination […]

Study of Businesses and Their Connectivity Raises Concern for Global Economic Stability

October 20, 2011

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Here’s a scary bedtime story I found at midnight tonight: ‘One super-corporation runs the global economy’… and it could be terrifyingly unstable Well, now, we of a suspicious nature who believe in conspiracies will almost feel justified.  And then to learn that Banks are the largest players…. A University of Zurich study ‘proves’ that a […]

Bank of America in Trouble – Excuse Me While I Dance and Sing

September 30, 2011

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This morning the following arrived from Huff Post Hill: BANK OF AMERICA JUST BEGGING TO GO DOWN – Bank of America today announced that it would begin charging $5 per month for debit card usage, because defrauding homeowners and cashing taxpayer checks was no longer a winning business model. Well, they announced that first part, […]

Foreclosure Primer: Winners are Banks, Investors, and Losers are Homeowners, Taxpayers

May 27, 2011

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The sad fact is this:  Big Banks that helped in large part to bring the economy of this nation down have not suffered but prospered in the wake of the debacle.  One key area of profit: mortgages.  Consider the latest moves of two of them to reduce or shift fines for their mortgage practices (Bank […]

BANK OF AMERICA Rolls Out New Credit Card Fees

April 25, 2011

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The CEO of Bank of America promised it and now it has come to pass.  He promised that if the Bank rules and regs were changed and threatened profits, that banks would begin raising fees. Saturday an announcement of new terms for my BAC VISA credit card hit my mailbox.  What a shock.  One late […]

Barack’s Fiscal Plan Would “Change” America With the Sucking Sound of Personal and Corporate Wealth Leaving the Country

April 13, 2011

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“Warren Buffet doesn’t need another tax cut” [Barack Obama, Georgetown University Lecture, April 13, 2011]  Surprise, Barack.  Warren is one of the few that would expect to pay it. “We need to revise the corporate tax code to make us more competitive.” [about what Professor Obama said same lecture, same day as above – my […]

Bank Regulation Fails As JP Morgan Shows 67% Profit Gain On Fees

April 13, 2011

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At the time Congress introduced new measures to regulate banks and their loan mechanisms – including credit cards, BAC thumbed its nose at the efforts and vowed that it would have to raise fees to make up for the lost income.  Indeed at least one large bank has done that to a remarkable extent and […]