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banks: Financial Crisis Inquiry Commission Report - 01/28/11 02:50 AM
Get a copy of the Financial Crisis Inquiry Commission Report at http://fcic.gov/report
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banks: Thomas Jefferson - Revisited - 07/09/10 12:35 PM
Back in February 2009, Congress had the opportunity to pass sweeping bankruptcy reform that would have allowed judges to modify the terms of mortgages on home residences. The House passed the legislation, but the Senate never took up the debate and the amendments died! At the same time, the financial industry was bailed out, along with the insurance and auto industries; all in the name of too big to fail. But, millions of Americans have seen their lives and families destroyed in the interim. All in the name of preserving the financial industry.Jefferson's words are as true today as they were … (34 comments)
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banks: Bank Executives Should Be Denied Pay Raises - 11/02/09 01:07 AM
As reported on MSNBC.com (Nov. 1, 2009):
Executives of America's 28 largest banks will meet with Federal Reserve supervisors on Monday to discuss the Fed's plan to police banks' pay policies, officials said Friday.
Consumer spending plunged in September by the largest amount in nine months, reflecting the end of the government's Cash for Clunkers auto sales program. Incomes, the fuel for future spending, were flat.
What History Says:
In 1802 it was said: “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of … (3 comments)
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banks: Beware of Bank Set Offs and Credit Union Seizures - 10/15/09 12:52 AM
Here are Three Facts Every Client Must Know:
1. If you bank where they borrow, the bank will seize funds as a set off, even if you file bankruptcy.
2. When a Bankruptcy Case is filed, certain banks, such as Wells Fargo and Union, will freeze accounts as a custodian of the account. They will not release funds, even though checks may bounce, until further ordered by the court or they receive a No Asset Report from a Trustee.
3. Now, credit unions seem to be getting very aggressive about "popping" cars when members fall into default on credit cards and … (2 comments)
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