Banking

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Stuff the Bankers, Starve the Kids

Robert Scheer | Posted 06.26.2009 | Politics

Read More: Banking, Robert Scheer, Education, Poverty, California, Arnold Schwarzenegger, Budget, Politics News

Bail out the banks, but not the 500,000 poor families with children served by the CalWorks program, which will be dismantled, or the 928,000 children covered by the Healthy Families program, slated for oblivion.

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Community Banks Lumped In With Big Players, Forced To Pay High Premiums

washingtonpost.com | Steven Pearlstein | Posted 06.13.2009 | Business

Read More: Banking Bailout, Community Banks, Banking, Banks, Banking Crisis, Bank Bailout, Banking Industry, Regional Banks, Business News

We're hearing a lot these days from well-run regional and community banks that feel that they are being punished for the mistakes of the Citigroups an...

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Implications of the Bank Stress Tests

Douglas J. Elliott | Posted 06.12.2009 | Business

Read More: Tarp, Stress Tests, Troubled Assets Relief Program, Banking Bailout, Troubled Asset Relief Program, Banking, Banking Crisis, Financial Crisis, Imf, Banking Industry, Banking System, Troubled Banks, Business News

The financial "stress tests" on the big banks gave us good news: they "only" need $75 billion of new capital. That's a lot of money, but much less than many of us feared.

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Toward Nonprofit Financial Services

Shawn Bayern | Posted 06.12.2009 | Business

Read More: Mutual Funds, Financial Services, Retirement, Banking, Nonprofits, Financial Crisis, Saving Money, Personal Finance, Business News

Bankers are not popular right now. I have friends who have taken to calling them "banksters," a term that apparently dates back to the Great Depression and now gets 300,000 Google hits.

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Sunday Roundup

Arianna Huffington | Posted 06.02.2009 | Politics

Read More: Michelle Obama, Volunteering, Antonin Scalia, Bank Stress Tests, Obama First 100 Days, 100 Days, Banking, Banking Crisis, Homeowners, Fleeting Expletives, Barack Obama, Politics News

There was much to celebrate this week, as we marked the remarkable achievements of Obama's first 100 days. A high point: Michelle Obama sending a resounding message about making service a regular part of our lives by volunteering at a food bank, even though we are months away from Thanksgiving. On the other hand, there was the depressing, banking-industry-led Senate defeat of a measure offering relief to America's struggling homeowners. Coming up: Thursday's announcement of the results of the bank stress tests. Early indications are that at least some of the banks are going to need another infusion of capital. With apologies to Justice Scalia, "Fleeting expletive" no! It's time for Americans to draw the line in the sand and say that if bankers are not going to side with us when we need help, we're not going to side with them when they do.

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Trust Is the Answer: Yunus and the Future of Everything

Vivian Norris de Montaigu | Posted 05.30.2009 | Business

Read More: Microloans, Women, Nobel Peace Prize, Yunus Movie Project, Microcredit, Grameen, Yunus, Trust, Yunus Film, Economy, Loans, Banking, Financial Crisis, Subprime, Business News

If you give up on trusting your fellow human beings, then the Bastards win. They make you mistrustful like they are.

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An Open Letter to Magic Johnson

Don McNay | Posted 05.23.2009 | Business

Read More: Checking Account, Michigan State Spartans, Magic Johnson, Irs, Earned Income Tax Credit, Loan Sharks, California Attorney General, Internal Revenue Service, Michigan State University, Eitc, 2009 Ncaa Tournament, Ncaa, Don McNay, Payday Loans, Basketball, Dream Team, Los Angeles, College Basketball, Mcdonalds, Working Poor, Los Angeles Lakers, Check-Cashing-Store, Jackson Hewitt, Tax Refunds, Banking, Refund-Anticipation-Loans, Louisville, Kentucky, Lexington KY, Nba, Personal Finance, Business News

Who is the real Magic Johnson? The friendly guy who raises money for charities or the guy who encourages people to get high interest loans they don't need?

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Third Screen: Can Banks End Poverty?

Vickie Karp | Posted 05.20.2009 | Business

Read More: Banking, Sharon Stone, Grameen Bank, 92nd Street Y, Muhammad Yunus, Business News

Grameen, whose slogan is "banking for the unbanked," now operates in 38 countries providing collateral-free loans to over 7.5 million borrowers.

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Bad Banker

Alan Lurie | Posted 05.14.2009 | Living

Read More: Banking, Bankers, New Yorker, Money, Prosperity, Happiness, Living News

True abundance, though, is a two-way flow of giving and receiving -- not only material wealth, but attention, concern, and love.

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Magic Johnson and the Tax Refund Rip-off

Don McNay | Posted 05.08.2009 | Business

Read More: Magic Johnson, Michigan State, NCAA Tournament, MC Hammer, 2009 Ncaa Tournament, Larry-Bird, Irs, Instant Gratification, Ed McMahon, Louisville, Kentucky, Lexington KY, Personal Finance, Interest Rates, H&R Block, Payday Lending, Dream Team, Michigan State Spartans, Fdic, Earned Income Tax Credit, California Attorney General, Internal Revenue Service, Dick Durbin, Michigan State University, Eitc, Ncaa, Don McNay, Payday Loans, Credit Cards, Republic Bank, IRS Tax Refunds Delayed, Los Angeles, College Basketball, Working Poor, HIV/AIDS, College Basketball Tournament, Los Angeles Lakers, Jackson Hewitt, Tax Refunds, San Francisco Chronicle, Banking, Tax-Anticipation-Loans, Nba, Business News

Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.

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When the Next Banking Scandal Hits...

Mike Lux | Posted 05.08.2009 | Politics

Read More: Aig, 2009 Obama Administration, Bank Bailout, Tim Geithner, Banking, Banking Crisis, Bailout, Geithner Bailout, Politics News

The way Tim Geithner has structured the banking plan, the Obama administration will, sooner or later, almost certainly be facing another AIG bonuses-type of outrage.

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Make Banking Boring, Again

Paul Abrams | Posted 05.03.2009 | Business

Read More: Investment Banking, Banking, Financial Services, Regulation, World Economic Summit, Business News

Banking should be boring for the very same reason that driving on I-5 or down Main Street should be boring.

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A Tax Lawyer Explains Tax Havens

Hale "Bonddad" Stewart | Posted 05.03.2009 | Business

Read More: Economy, Banking, Taxes, Aig, Banking Secrecy, Tax Havens, Stanford Financial, Business News

The banking secrecy issue is incredibly important to the G-20 nations. What they need is a way to obtain compliance with their domestic anti-avoidance laws -- laws meant to prevent tax evasion.

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G-20 Thugs Attack Financial Injustice

Diane Francis | Posted 05.03.2009 | Business

Read More: Global Financial Crisis, Aig, Sarkozy, Global Crisis, Economic Crisis, Economy, g20, Banking, Obama, Banking Crisis, Wall Street, G20 Protests, Royal Bank of Scotland, London-United Kingdom, United Kingdom, Business News

I'm not condoning street violence but it will be helpful if political leaders understand that economic ruination by others is also a violent act.

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Banking System Overhaul Coming: WSJ

Huffington Post via WSJ | Julie Satow | Posted 04.16.2009 | Business

Read More: Bank Overhaul Geithner, Banking-System, Banking System Overhaul, Banking, Geithner Bank Overhaul, Banking Crisis, Banking-Overhaul, Obama Banking, Timothy Geithner, Overhauling Banking System, Bank Overhaul, Business News

As outrage over bonuses paid to top AIG executives and other executive pay scandals mount, the Obama administration has created a plan to revamp finan...

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Where Are the Credit Unions?

Andy Sernovitz | Posted 04.10.2009 | Business

Read More: Banking, Marketing, Banking Crisis, Banks, Credit Crisis, Credit, Credit Crunch, Credit Unions, Business News

If credit unions were doing a decent job of marketing, they could grab a massive percentage of the market from banks. But I haven't been asked to switch. I haven't seen an ad.

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Banking Is In Critical Condition

Hale "Bonddad" Stewart | Posted 03.30.2009 | Business

Read More: Banking, Financial Crisis, Return of Assets, Banking Crisis, Business News

It's been 17 years since we've seen the banking industry this sick. Return on assets hasn't been this low in 20 years. What caused the last set of problems? The savings and loan crisis.

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Citibank Hates Old People

Mena Trott | Posted 03.29.2009 | Business

Read More: Interest Rates, Tarp, Elderly, TARP Money, Economy, Economic Crisis, Credit Crisis, Credit Card Debt, Credit Cards, Credit Crunch, US Economy, Vikram Pandit, Bailout, Banking, Citibank, Banks, Bank Bailout, Citigroup, Business News

During the election there was a lot of talk of not using a hatchet when a scalpel is needed. It seems as if Citibank just brought out their hacksaw and blunt hatchet.

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More Nightmares Lurk on Street of Dreams

Dan Dorfman | Posted 03.27.2009 | Business

Read More: Economic Stimulus Package, Mark Leibovit, VRTrader.Com, Stocks, Money, Investment Banks, Bonds, Gold, S&P 500, Arnold Silver, Investing, Housing Slump, Dow Jones, Banking, Financial Crisis, Business News, Treasury Secretary Timothy Geithner, Wall Street, Business News

Taking a longer term outlook, Leibovit thinks "we're in for five or six years of hell," with the Dow tumbling to about 2,000. So where should investors put their money? Consider cash and gold.

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Citigroup Nationalization: Market Reacts To Talks Of 40% Gov Stake

AP | TIM PARADIS | Posted 03.26.2009 | Business

Read More: U.S. Economy, Citigroup Bailout, Economy, Citibank, Banking, Banking Crisis, Banks, Bank Bailout, Citigroup, Citigroup Nationalization, Citi Nationalization, Citigroup Stock, Bailout Outrage, Business News

NEW YORK — Wall Street has turned the clock back to 1997. Investors unable to extinguish their worries about a recession that has no end in sigh...

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Credit Suisse Posts Record $7.1 Billion Loss

Reuters | Lisa Jucca and Emma Thomasson | Posted 03.14.2009 | Business

Read More: Banking, Banks, Credit Suisse, Business News

ZURICH (Reuters) - Credit Suisse Group AG (CSGN.VX) posted its biggest-ever annual loss after a poor fourth quarter hit by trading losses and restruct...

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Obama On Banking Crisis: We Can't "Prolong The Agony"

HuffingtonPost.com | Sam Stein | Posted 03.13.2009 | Politics

Read More: Obama Banking Help, Banking Bailout, Banking, Obama Banking, Obama, Obama Abc, Geithner Banks, Obama Agony, Wall Street Obama, Geithner Proposal, Nightline Minisodes, Politics News

Barack Obama is taking a rip-off-the-bandaid approach when it comes to dealing with the banking crisis, telling ABC Nightline that the process of rest...

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Banking System to Rely on Nation's Birthday Checks

John Marshall | Posted 03.12.2009 | Comedy

Read More: Banking, Banking Crisis, Banks, Government Bailout, Bailout, Banking Industry, Bailout Bandits, Recession, Comedy News

Grandmas are best known as the world's leading purchasers of hard candies. But financial experts know that grandmas are also the world's leading distributor of $25 birthday funds.

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Companies, Like Countries, Need to Know What They Stand For

Margaret Heffernan | Posted 03.08.2009 | Business

Read More: Vision, Greed, Leadership, Strategy, Resilience, Roy Spence, Banking, Recession Watch, Money, Economy, Business News

Companies that think about what their business means to employees, customers and citizens, attract a different quality of person with that level of commitment.

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UBS Shells Out Big Bonus Bucks for Brokers

Bloomberg | Elena Logutenkova | Posted 03.06.2009 | Business

Read More: Bank of America, Merrill Lynch, Goldman Sachs, Wall Street, Economy, Banking, Bonuses, Goldman Sachs Group, Ubs, Brokers, Wall Street Bonuses, Business News

UBS hired a team of five in Dallas from Goldman Sachs Group Inc. with $4 billion under management, and a group of the same number from Morgan Stanley ...

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