The US Treasury Department has just declared the bailout is over -- and that it was profitable too! But nothing could be further from the truth. Both claims are false.
It is worth examining how the process was rigged to push that budget deal through Congress over the weekend that contained Citibank-written derivative deregulation and all kinds of other goodies for the rich and powerful
The sound of jingling coins that could be heard as members of Congress skipped off to National and Dulles airports was payment for a job well done.
Bangkok, listen. Bangkok, no. I say, no. I do not want a suit that's specially made. I rarely tie a tie. My wife may gawk at fitted Chinese dresses, she may touch their magically thick twill. She will not buy.
This deal is being trumpeted as a major win for the American people. It's not. The money's not enough (and some of it probably won't be paid out), the wrong people are paying, and there will be no prosecutions for criminal behavior.
Cross-Posted from DeSmogBlog Behind nearly every major corporate policy push there's an accompanying well-coordinated public relations and propag...
Plenty of worry for the famous wall that markets often climb, but no Armageddon's on the horizon. Maybe we can get back to "normalcy" after all, even with increased market "volume" more to the upside.
What we're doing on the Big Island with Bill 113 is trying to make a law that prohibits us from helping ourselves. It is the exact opposite of what we should be doing.
Community and smaller-to-mid-sized regional banks serve a variety of interests. They tend to favor the needs of local and mid-sized businesses or specific socio-economic communities who want a more personalized approach to banking.
Citibike represents, in theory, a wonderful effort and one that will bring efficient means of exercise and transport to many New Yorkers. What's a shame, though, is that the bicycles come without helmets.
Other countries have more extensive postal banking systems that still exist. Israel's postal bank offers checking and saving accounts as well as bill-paying services for utility bills. Why can't we do the same in this country?
How many financial institutions do you have investment accounts with? If you take more than a few seconds to answer, you probably have too many.
I'm not usually quick to praise large banks. But I have to give credit where credit is due -- Citibike is the perfect marketing program and especially notable for a company that has taken a number of hits to its image in recent years.
You didn't think brands were going to ignore a potential $110 billion marketplace, did you? Owing to concerns about the economy, limited space or the...
Not content with having swindled tens of millions of Americans out of their homes and life savings, the very bankers who caused the biggest economic catastrophe since the Great Depression are now subverting government regulations designed to prevent comparable disasters in the future.
While other brands start thinking about a more constructive way to communicate, I encourage you to applaud the Citi Bike program for its vision and tenacity.