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Banks

Quick on the Draw -- and the Overdraw

Rick Horowitz | Posted 07.10.2009 | Living

Read More: Checking Accounts, Banking, Banks, Overdraft Fees, Personal Finance, Overdrawn, Online Bill Paying, Overdrafts, Online Banking, Bill Paying, Living News
Rick Horowitz

I've tiptoed only so far into Techno-Dollar World. I finally started paying some of my bills online. Which was more than enough to get me into hot water.

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How Iceland's Lawyers Enabled Fraud

Iris Erlingsdottir | Posted 07.10.2009 | World

Read More: Michael Jackson, Legal Ethics, Lawyers, Legal-Ethics, Cheney, Iceland Economic Crisis, Iceland Global Economic Crisis, John Yoo, Iceland Economy Collapse, Iceland, Elvis Presley, Iceland Bankrupt, Dick Cheney, John Yoo Torture, John Yoo Memo, Global Economic Crisis, Iceland Banks, Investment Banks, Iceland Economy, Iceland National Bankruptcy, Ethics, Banks, Financial Crisis, Banking Crisis, Iceland Financial Crisis, Global Financial Crisis, Iceland Bank Crisis, World News
Iris Erlingsdottir

The lack of clear ethical rules and the frontier justice mentality in Iceland continues to cause confusion and raise questions about the legal profession's ability to regulate itself in Iceland.

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Mortgage Modifications Still Uncommon Despite Huge Losses From Liquidation Sales

The Huffingtonpost | Matthew Palevsky | Posted 07.06.2009 | Business

Read More: Mortgage Mods, Banks, Foreclosure Crisis, Mortgage Modification, Mortgage Refinancing, Dispatches From the Displaced, Business News

Despite efforts by the Obama Administration to stave off foreclosures by providing incentives for banks to modify mortgages for distressed homeowners,...

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Ten Ways Banks Take Your Money

wsj.com | JENNIFER WATERS | Posted 07.05.2009 | Business

Read More: Banks, 10 Ways Banks Take Your Money, Banks Take Your Money, Business News

Consumers need to keep their guard up as financial institutions increasingly impose new fees and charges. Banks and credit-card companies have gone...

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California's Empty Wallet: Turning Crisis into Opportunity

Ellen Brown | Posted 06.30.2009 | Politics

Read More: Bankruptcy, California, Governor Arnold Schwarzenegger, Banking Crisis, Banks, Obama Administration, North Dakota, California Budget Crisis, Politics News
Ellen Brown

Schwarzenegger rejected a plan that would save $3 billion by cutting school spending. He said he'd rather see the state issue IOUs than delay the funding problem with a piecemeal approach.

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Private Banker Talks About How He Managed To Steal Millions Undetected

New York Times | LYNNLEY BROWNING and DIANA B. HENRIQUES | Posted 06.30.2009 | Business

Read More: Fraud, Banks, Bankers, Banks Fraud, HernáN Arbizu, Business News

He grew up in elite circles in Buenos Aires, acquiring the polish and privileged connections that paved the way for him to become a star private banke...

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Risk of Major Social Upheaval Likely if Bank Bonanza Continues

Marshall Auerback | Posted 06.25.2009 | Politics

Read More: Keynesian Economics, Economic Stimulus Package, Budget Cuts, Inflation, Economy, Economic Crisis, Obama Budget, Larry Summers, Banks, Timothy Geithner, G, Barack Obama, Housing Bubble, Politics News
Marshall Auerback

Is a Democratic administration and a Democratically controlled Congress presiding over one of the most regressive wealth transfers in history?

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Foreclosure Fiasco

Robert Scheer | Posted 06.24.2009 | Business

Read More: Tarp, Greed, Banks, Foreclosure, Bailout, Wall Street, Barack Obama, George W. Bush, Foreclosure News, Business News
Robert Scheer

The Bush-Obama strategy of throwing trillions at the banks is a huge bust. Why was I so naive as to have expected this Democratic president to not do the bidding of the banks?

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Mattress Money Stasher Throws out a Million!

Dr. Michael J. Breus | Posted 06.22.2009 | Living

Read More: Mattress, Banks, Israel, Bed, Odd News, Money, Health, Sleep, Living News
Dr. Michael J. Breus

The story reads like something out of a sitcom or a joke that doesn't have a punchline. Woman stashes life savings to the tune of $1 million in her ma...

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Summer of '09: 'Grim' and Bear It

Dan Dorfman | Posted 06.20.2009 | Business

Read More: Dow Jones, Finance, Economy, Stock Market, Economic Crisis, S&P, Banks, Financial Crisis, Business News
Dan Dorfman

In recent weeks, as the market stalled, investors have gone back on a starvation diet. So what's next? If this past week is any indication, look for a resumption of financial heartburn.

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Number Of Bank Failures In 2009 Hits 40

CNN Money | Posted 06.19.2009 | Business

Read More: Fdic, Banks, Bank Failures, Bank Seizure, Business News

Regional banks in North Carolina, Kansas and Georgia were closed by state regulators Friday, bringing the total number of failed banks this year to 40...

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One Lesson from the 1930s: Financial Regulation Has to Be Bold

Mitchell Bard | Posted 06.17.2009 | Politics

Read More: Securities Exchange Act of 1934, John Boehner, Gramm-Leach-Biley Act, Franklin Roosevelt, Democrats, Barack Obama, Gillian Tett, Centrist Democrats, Securities Act of 1933, Financial Crisis, Banks, New York Times, Glass-Steagall Act, Daniel Gross, Paul Krugman, Financial Institutions, American Economy, Republicans, Great Depression, Economy, Politics News
Mitchell Bard

Contrary to what John Boehner says, a big foot needs to be placed on the financial industry to make sure that last year's near collapse can never happen again.

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Returning to Their Old Habits

Mike Lux | Posted 06.17.2009 | Business

Read More: Banks, Economic Recovery, Obama, Obama Presidency, Obama Economic Recovery Plan, Recession, Economic Crisis, Business News
Mike Lux

Keeping the irresponsible, greedy and reckless players from destroying the economic recovery before it starts goes to the heart of whether Obama's presidency will be a success.

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Obama's Economic Misfits Finally Get It

Robert Scheer | Posted 06.17.2009 | Business

Read More: House, Government, Politics, Law, Greed, Geithner, Congress, White House, Money, Clinton, Economy, Scheer, Regulation, Banks, Obama, Campaign, Summers, Wall Street, Business News
Robert Scheer

According to Summers and Geithner, the Obama plan to be revealed today promises that all derivatives dealers will be "subject to supervision, and regulators will be empowered to enforce rules against manipulation and abuse."

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Credit Card Defaults Keep Climbing

CNN | Ben Rooney | Posted 06.16.2009 | Business

Read More: Small Business, Credit Cards, Credit Ard Debt, Finance, Economy, Banks, Financial Crisis, Personal Finance, Recession, Business News

Banks continue to write off credit card debt as consumers hurt by record high unemployment default at an increasing rate. Regulatory forms filed this...

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The Powers of the Big Banks

Mike Lux | Posted 06.16.2009 | Business

Read More: Banks, Wall Street, Stocks, Big Banks, Bonds, Too Big to Fail, Business News
Mike Lux

Progressives are keenly aware of all the political contributions the financial industry makes. But when you are as big as these behemoths, your power stretches far beyond campaign contributions.

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Whistling Past the Economic Graveyard: The Audacity of Misplaced Hope

Arianna Huffington | Posted 06.15.2009 | Business

Read More: Public-Private Investment Program, Geithner Plan, Toxic Assets, Banks, Economic Recovery, Financial Market, Timothy Geithner, Clo, Obama Economic Recovery Plan, Recession, Business News
Arianna Huffington

The latest stock market bubble has undermined the urgent push for reform, which seems to have given way in Washington to a push to move on to other things and leave that little financial kerfuffle behind us. It puts a whole other spin on the audacity of hope. READ MORE Mission Shrink: We've Gone From Saving Wall Street in Order to Save Main Street to Just Saving Wall Street The problem continues to be the administration's habit of conflating the health of the Wall Street economy with the health of the real economy -- when, in fact, the two economies have become decoupled. READ MORE WATCH: Arianna Discusses Events in Iran, Obama's Agenda on Larry King Live WATCH: Arianna Discusses America's Response to Iran on The Situation Room

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Left, Right & Center: Iran, Big Bank Payback, and Healthcare

Huff Radio | Posted 06.12.2009 | Politics

Read More: TARP Money, Iran Election, Iran Election 2009, Health Care Reform, Banks, Iran, Health Insurance, Politics News
Huff Radio

There's a big turnout for elections in Iran; will it change anything? Are banks REALLY ready to pay back their TARP money and on healthcare, will a public plan option become a reality?

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Obama Embraces Bluedog Paygo and Announces Banks Repaying $68 Billion in Bailout Funds

Rob Kall | Posted 06.10.2009 | Politics

Read More: President Barack Obama POTUS, Single Payer Healthcare, Bluedog Democrats, Banks, Bailout, Health Care Universal - Single Payer, Auto Bailout, Politics News
Rob Kall

This is a brilliant two pronged response to the Republican attack machine, showing that the bailout is not thrown away money, on the contrary, that it is bringing a profit to the government.

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Banks Amass Six Million Dollar War Chest To Sway Lawmakers

The Hill | Posted 06.10.2009 | Business

Read More: Citigroup, Wells Fargo, Bank PACs, Dick Durbin, Barney Frank, Economic Crisis, President Obama, Banking Industry, JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, Finance, Banks, Tarp, Business News

On the eve of a major overhaul of the financial system intended to prevent another crisis from erupting, the financial industry has built a more than ...

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TARP Repayments: Banks Freed To Pay Bonuses, Dodd's Restrictions

bloomberg.com | Christine Harper and Elizabeth Hester | Posted 06.10.2009 | Business

Read More: JPMorgan Chase, TARP Repayments, Goldman Sachs, Banks, Tarp, Business News

June 10 (Bloomberg) -- JPMorgan Chase & Co., Goldman Sachs Group Inc. and the eight other banks cleared yesterday to repay their U.S. government rescu...

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Wall Street Journal: Throw Citi Under the Bus

Robert L. Borosage | Posted 06.09.2009 | Politics

Read More: Treasury, Banks, Bailout, Tarp, Citibank, Making Failure an Option, Wall Street Journal, Too Big to Fail, Politics News
Robert L. Borosage

If the banks are free from TARP but officially too big to fail, what is to keep them from taking larger and larger gambles with other people's money?

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The Next big Taxpayer Bailout? IMF Could get Hundreds of Billions for European Banks

Mark Weisbrot | Posted 06.09.2009 | Politics

Read More: Transparency, Obama Congressional Defeat, European Banks, European Economy, Bailout, Rahm Emanuel, Imf, European Union, Banks, Europe, Accountability, European Central Bank, Barack Obama, War Supplemental, Politics News
Mark Weisbrot

The Obama administration wants $108 billion for the IMF. Why? Most of the Central and Eastern European economies are in free fall right now, and they're counting on the IMF to save their banks.

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Is JPMorgan a Bank or a Government-Funded Casino?

Raymond J. Learsy | Posted 06.09.2009 | Business

Read More: Fdic, Cnbc, JP Morgan, World, TARP Money, Heatingoil, Oil, Tanker Operator, Vlcc, Banks, Financial Crisis, Malta, Energy, Politics, Foreclosure News, Business News
Raymond J. Learsy

There is nothing wrong with a world-class bank helping in the financing of trade. But when the bank itself becomes the principal, the next financial crisis is not far around the corner.

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How Should We Think About Bank Lobbying?

Robert Teitelman | Posted 06.08.2009 | Business

Read More: Bank Regulation, Derivatives, Banks, Regulatory Capture, Robert Teitelman TARP, Wall Street, Lobbying, Regulatory Reform, Business News
Robert Teitelman

Reporters: Lay out the interests and report the bank lobbying and the money. Do it until readers nod off, which may be soon. It ain't pretty, but it's all we've got.

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