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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 else who has a [...]

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 started to wonder if maybe I [...]

The Treasury Department today gave GMAC Financial Services another $3.79 billion dollars, bringing the total amount they’ve been given to more than $16 billion and, in effect, giving the government 56% ownership in the company. Who needs a quick loan? Supposedly, this new money is to help shore GMAC up to make sure they don’t [...]

Isn’t anyone else making news these days besides Citigroup? In a surprise move, Citigroup announced today that they will be suspending foreclosures for a month to give a break to their borrowers for the holidays. Of course, that magnanimous offer doesn’t cover a heck of a lot of people. They estimate that, overall, it will [...]

Man, is Citigroup having a nice month, or what? Well, at least in America they are. Just a day after announcing that they’re going to be paying off their bailout loan with the federal government (I don’t know why I’ve been refusing to use TARP, but bailout just sounds more like what it was) comes [...]

Well, this was expected. Both Citigroup and Wells Fargo have announced that they’re close to paying off the bailout money that they got from the federal government last year, following in the footsteps of Bank Of America, who did it a week ago. Wells Fargo is going to create $10.4 billion dollars in new stocks, [...]

It seems it’s not enough that black people are having it rougher than anyone else when it comes to unemployment. Now it seems that black and Hispanics are both having a tough go of it when it comes to getting fair mortgage rates. A Federal Reserve report came out showing that 54.7% of black borrowers [...]