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Last August I wrote a post talking about this study that said 416 banks were in trouble. It seems that the news is much worse about six months later, as the prediction now is that 702 banks, which is one out of every 11 banks in the country, are in trouble. That also includes a [...]
With the new credit card legislation came another new provision that effectively takes a lot of non-voluntary money away from banks. Overdraft fees were a big thing for banks. At some point, they started charging fees to people while still paying bills if you happened to go over your limit. The same goes for credit [...]
Health care took a major beating last year in this country. Sure, I understand that the first thing the President should have concentrated on is the economy, most specifically jobs. I also understand what his position was on health care. I don’t know that either he or the Democrats in Congress explained well enough what [...]
At the beginning of the week, I proclaimed that the stock market, most specifically the Dow Jones, was going to go down based on how things had closed on the previous Friday. Therefore, imagine my surprise when the Dow ended the week up close to 400 points. It’s a funny game, this Dow, and it [...]
Did you think we were done talking about health care? A report came out this week saying that, on average, Medicare Advantage plans across the country had gone up an average of 14.2% over the past year. Although my first response is “yawn”, because I’m used to seeing those kinds of jumps o a regular [...]
Would you trust this guy? Seems a lot of people did, to the tune of more than $1.2 billion dollars that are now gone. And this guy, Scott Rothstein, is heading to jail for probably the rest of his life, or at least 25 years of it, giving up all his assets of $300 million, [...]
On Monday, the CARD Law of 2009 that was passed last May finally goes into effect, which is supposed to offer lots of protections to Americans that these greedy banks have been throwing at us. Well, at least things the law addressed before banks had time to change some things up before this law went [...]