I don’t know why, but I’m almost insulted by this.
It seems that not only are the rest of us worried about interest rate hikes, the banks are also worried about interest rate hikes. Why is that?
Because it seems that while many people haven’t been able to take advantage of the interest [...]
On Friday, the stock market took another big nose dive for the third day in a row. The Dow Jones dropped 217 points after President Obama’s speech, where he said that he wanted to have tougher regulations on banks that come up with tricks to help make their profits rise, [...]
On the heels of the bad news from Citigroup regarding their bad 4th quarter and good news from Chase regarding their 4th quarter, I decided to combine some of the reports from the rest of the bank’s all in one post just to get it all over with certain move on [...]
I tell you, it’s so strange trying to figure out finances and the stock market sometimes. The story about JP Morgan Chase gives us a dichotomy of fortunes that are somewhat incomprehensible when you’re trying to understand how some of these people who play the stock market think.
Chase stated that [...]
In an interview on CNN news, Christina Romer, chairperson, White House Council of Consumer Affairs, stated that she and the White House were offended by some of the large bonuses that some banks pay the sum of their employees. She also stated that the American public was offended as well, and [...]
I know that some people believed I was sounding a very negative death knell against the credit card industry last year. I went fairly easy on American Express because, after all, it’s not associated with any banks and their practices, for the most part, have been pretty fair.
But for everyone [...]
For awhile there, I started to feel like I was the only one picking on Citigroup, and wondering what everyone else was missing. None of the news looked like it was either calling out Citigroup for some of what’s been going on, or were totally missing the point. I [...]