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This week comes with good news for two big banking related companies. First, Goldman Sachs, the bank holding company that engages in investment banking, securities services and investment management, posted a $3.44 billion profit in the second quarter of this year, fantastic when one thinks that just six months ago, we were wondering if they [...]
Goodness, these credit card companies are getting more intrusive in our business. Now it’s being reported that they’re tracking our purchases to see where we’re buying certain things, to try to determine if our credit status and financial positions are potentially getting worse based on where we’re shopping. In this particular news story, they showed [...]
By now, everyone knows that the housing market has been bad. Even here, I’ve talked about the problem with the housing market. It’s now time to get ready for the next danger; the commercial real estate market is also on the verge of collapse. That’s what came from a report by the Joint Economic Committee, [...]
Becoming the 53rd bank to fail this year, Bank of Wyoming was closed Friday by state regulators. It only has the one branch, which means it’s totally independent, and is the first bank to close in Wyoming in 18 years. Last year only 25 banks closed, so we’ve already doubled what we had from last [...]
There is a lot of conversation these days over the House of Representatives passage of a energy bill that would create a “cap and trade” system for carbon emissions. If you aren’t familiar with the proposed system, here’s the basic concept. Utility and other companies would be required to have a permit with an attached [...]
I tell you, I hate people who target the elderly just to make a buck. In this case, I’m talking about my mother, who’d probably want to kill me if she knew I referred to her as “elderly”, but she’s over 70 so it fits. I just finished talking to her on the phone, and [...]
Over the winter, when gas and oil prices were very low, I kept wondering why my utility bill was so high, and getting higher every month. Sure, I live in a cold part of the country, but it was my thought that when prices when down, my bill would go down. I was even on [...]