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Keyword: banking

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  • Kathleen Willey urges Soros to save her home

    01/31/2012 9:46:25 AM PST · by Dubya-M-DeesWent2SyriaStupid! · 25 replies ^ | 1/31/2012 15 hours ago | Chelsea Schilling
    'Maybe you can start redeeming yourself by helping your fellow man' Kathleen Willey, the woman who courageously testified about being assaulted by President Clinton, is scheduled to lose her home in just three days in a bank auction – but, in a last-minute plea on behalf of millions of homeowners just like her, she has written to billionaire George Soros for help. Willey’s original home loan was issued by IndyMac Bank before the FDIC took receivership of the bank following the 2008 collapse. At the time of the FDIC takeover of IndyMac, it was the third-largest bank failure in U.S....
  • Jim Rickards (Audio Interview)

    01/31/2012 9:51:04 PM PST · by Razzz42
    King World News ^ | January 28, 2012 | Jim Rickards @ KWN
    [Background History on...] James G. Rickards is a writer, lawyer and economist with over 30 years experience in global capital markets. He is Senior Managing Director at Omnis, Inc., a consulting firm in McLean, VA and is the leading practitioner at the intersection of global capital markets and national security. His advice to clients from 2002 to 2006 included early warning of impending financial collapse, the rise of sovereign wealth funds, the decline of the dollar and the sharp rise in gold prices years in advance of these events. He has held senior executive positions at Citibank, Long-Term Capital Management...
  • When Irish Eyes Are Smiling, It Must Mean the World’s Focus Is Elsewhere

    01/30/2012 7:39:34 PM PST · by Razzz42 · 1 replies
    Notes From Underground | January 30, 2012 | Yra Harris
    Greece is balking at surrendering its sovereignty as the Merkel-led European elite is shouting for more austerity from the “profligates” in an effort to insure the large continental banks against the ravages of default. As one reader e-mailed today, IT IS AS IF THE GERMANS ARE PLACING THE ENTIRE NATION OF GREECE INTO DEBTORS PRISON. Life was much easier when a country could send in its gunboats to collect its loans. Tonight the Czechs have purportedly joined the Brits in opposing the fiscal straitjacket being demanded by Berlin. The official vote on the fiscal treaty won’t take place until March...

    01/29/2012 10:14:07 AM PST · by Razzz42 · 12 replies ^ | January 28, 2012 | Martin Armstrong
    [T]he number one question pouring in is about the banks and their profit margin. Yes, the bottom line remains that the cost of money declines sharply for depositors while the cost of borrowing rises. Where the value of cash for three years is 0.7% to a depositor, for a fully collateralized borrower, the cost is about 4%. This is a profit margin for the banks of 571%. In other words, when the discount rate was 17% in 1981, this would have been the equivalent of a prime rate at 9707%. The profit margin at banks has NEVER been so high....
  • Banking on a Distraction

    01/29/2012 9:06:07 AM PST · by jfd1776 · 1 replies
    Illinois Review ^ | January 29, 2012 A.D. | John F. Di Leo
    Bitten by the acting bug in my youth, I joined a small children’s theater company run by a pair of magicians. We didn’t travel far, just around Chicagoland, but it kept my 8th grade weekends busy, riding around Cook County in a bus from show to show. The magicians never shared any secrets with me, of course – proper magicians don’t give up the secrets to anyone except their assistants and their insurance agents – but one day en route to a gig, the director confided to me that the most important thing isn’t how you do the trick, it’s...
  • Mortgage fraud task force launched U.S. attorney issues subpoenas to 11 banks over MBS

    01/27/2012 2:27:02 PM PST · by Neidermeyer · 13 replies ^ | 01/27/2012 | Ronald D. Orol
    WASHINGTON (MarketWatch) — More than three years after the height of the financial crisis, federal and state regulators on Friday launched a mortgage fraud task force to investigate the pooling and securitization of mortgage securities by big banks. Regulators said the new task force will not interfere with efforts to reach a settlement with a group of five financial institutions over questionable foreclosure practices. Specifically, the Justice Department, along with other state and federal regulators, announced that the new working group will consist of at least 55 Justice Department attorneys from around the country. The team joins existing state attorneys-general...
  • Little Angels...

    01/25/2012 9:33:47 PM PST · by Razzz42 · 11 replies ^ | December 25, 2011 | Hypertiger
    The FED is just a scapegoat the top uses. When the top can't suck anymore yield from the bottom to keep the system from collapsing due to the inability or refusal of the bottom to supply it...Then they was the FED's fault. And you believe it. I hear them on TV and radio all the time saying that...The politicians in Europe better get their act together and do something... Like what? Pass a rule making it illegal for the Universe to function how it does? There never was anything that could be done to avoid the logical conclusion...Other than...
  • The Evolution of the U.S. Dollar

    01/19/2012 12:35:42 AM PST · by Razzz42 · 12 replies
    Armstrong Economics ^ | January 17, 2012 | Martin Armstrong
    ...Therefore, this whole idea that we can live the high-life, be whatever we dream and never have to pay the consequences is simply dead wrong. The confusion that the Gold Standard advocates have created is this misconception that we print money and that is “fiat” that results in inflation. This is a far too simplistic view of finance. It presumes “printing” of actual dollars without restraint. Simply put, HAD WE PRINTED dollars instead of BORROWING DOLLARS, the national debt would be about 40% of its current size. Printing is MUCH LESS inflationary than borrowing. The reason, borrowing necessitates the creation...
  • Huntington Bank discovers original checks signed by Lincoln, Washington, Edison, Twain and others

    01/15/2012 12:07:29 PM PST · by DogByte6RER · 37 replies
    The Plain Dealer ^ | Wednesday, January 11, 2012 | Teresa Dixon Murray
    Huntington Bank discovers original checks signed by Lincoln, Washington, Edison, Twain and others (photo gallery) President Abraham Lincoln made out this First National Bank printed check to "self" for $800 on April 13, 1865, two days before he died. BROOKLYN -- Dozens of personal checks -- some 150 to 200 years old and signed by the likes of Abraham Lincoln, Charles Dickens, George Washington and Thomas Edison - have been unearthed by Huntington Bank. Some of the historic checks, all signed by U.S. presidents, were unveiled Tuesday and are on display at Huntington's newest branch in Brooklyn. The display is...
  • Sen. Rand Paul: Vote for my dad ("He won't falter, he won't bend"). Watch Video

    12/23/2011 7:11:10 AM PST · by SeekAndFind · 17 replies
    Hotair ^ | 12/23/2011 | Allahpundit
    Effective. A filial endorsement is endearing, if predictable, and Rand’s already prominent enough as a national figure that his stamp of approval qualifies as a rare “mainstream” thumbs up for his pop. The message is smart, too: No policy specifics, just a promise that Ron will stick to his principles because that’s what he’s been doing for 50 years. True enough; whatever his other faults, the fear that President Paul would “evolve” in office is absolute zero. Quite a contrast with the likely nominee.They’re going for the Iowa tea-party vote here, I take it, but I don’t know how helpful...
  • Morgan Stanley to cut 1,600 jobs

    12/15/2011 9:05:45 AM PST · by Qbert · 4 replies
    Reuters via Yahoo Finance ^ | 12/15/2011 | Lauren Tara LaCapra
    (Reuters) - Morgan Stanley will cut 1,600 employees in the first quarter, the bank said on Thursday, as it trims costs in a difficult period for trading and banking revenue. The job cuts will come across all staff levels and geographic areas, spokesman Mark Lake said, including investment banking, trading and back-office functions. Morgan Stanley is one of the last big Wall Street banks to announce major job cuts as analysts have begun slashing fourth-quarter earnings estimates. Other banks, including Goldman Sachs Group Inc , JPMorgan Chase & Co , Bank of America Corp and Citigroup Inc have already outlined...
  • Audio: In A Broken System, You Must Be Your Own Central Bank, Sinclair Tells King World News

    12/09/2011 3:58:22 PM PST · by Razzz42 · 3 replies ^ | December 9, 2011 | Jim Sinclair Interviewed at KWN
    Entire Audio interview of Jim Sinclair. (No transcript as of yet)
  • How Newt Gingrich and Official English would have saved Fannie Mae

    11/19/2011 5:43:58 AM PST · by dangus · 97 replies
    The real cause of the housing bubble and collapse is very simple: An Executive Order by Bill Clinton and enthusiastically championed by George Bush, 13166, forced banks to make bad loans or no loans at all. And Newt Gingrich was championing putting an end to EO 13166 years before the collapse of the banking industry. In the late 1990s, a grand compromise was reached between President Clinton and Senate Banking Chairman Phil Gramm. Long ago, government types decided that home ownership was the key to fiscal stability, but too many blacks didn't qualify for loans. The banking industry argued that...
  • Banks Quietly Ramping Up Costs to Consumers

    11/14/2011 4:00:12 AM PST · by Cardhu · 40 replies
    NY Times ^ | November 13th 2011 | Eric Dash
    Even as Bank of America and other major lenders back away from charging customers to use their debit cards, many banks have been quietly imposing other new fees. Need to replace a lost debit card? Bank of America now charges $5 — or $20 for rush delivery. Deposit money with a mobile phone? At U.S. Bancorp, it is now 50 cents a check. Want cash wired to your account? Starting in December, that will cost $15 for each incoming domestic payment at TD Bank. Facing a reaction from an angry public and heightened scrutiny from regulators, banks are turning to...
  • “Currency Wars: The Making of the Next Global Crisis” By Jim Rickards

    11/13/2011 12:09:04 PM PST · by Razzz42 · 11 replies
    King World News ^ | November 11th, 2011 | Jim Rickards
    In this interview Rickards discusses his extraordinary new book Currency Wars: The Making of the Next Global Crisis. He also lets King World News listeners know what to expect regarding gold manipulation, the ongoing currency wars and much more. The KWN audio interview with Jim Rickards is available now...
  • Government Is Living in a State of Denial They speak, See & hear nothing of a debt crisis

    11/11/2011 10:09:25 AM PST · by Razzz42 · 2 replies
    The world just keeps coming unwound with amazing speed. Unfortunately, because this is a Sovereign Debt Crisis that strikes at the very heart of HOW government has functioned since World War II, this is like an individual who is in severe pain but is diagnosing himself. Government has been following the philosophies of Karl Marx and John Maynard Keynes who jointly advocated that government was capable of altering the Business Cycle and thereby cut the ties of boom and bust that marked history unfolding as a vicious repetitive cycle. There were to be no more recessions or depressions. Government was...
  • How Obama Bought Off The Big Banks (and vice versa)

    11/08/2011 11:54:14 AM PST · by Driftwood1 · 4 replies
    American Thinker ^ | 11-8-11 | Steve McCann
    Occasionally the Washington Post does some real reporting. Yesterday Zachery Goldfarb did an analysis of the aggregate profits over the past three years for the major banks and financial institutions as compared to the eight years of the Bush administration. The finding: these firms have accumulated more profit in the three years of the Obama administration than they did in the two terms of George W. Bush. In an interview with Mr. Goldfarb on NPR when asked what kind of companies and how this happened, replied: We're talking about banks, the big ones you've heard of, Citigroup, Bank of America....
  • European Debt Crisis Facts and Truth

    11/07/2011 9:07:59 PM PST · by Razzz42 · 2 replies · 1+ views
    National Inflation Association ^ | November 7, 2011 | National Inflation Association (staff)
    The mainstream media as of late has been focusing its total attention on the sovereign debt crisis in Europe and seemingly has forgotten that we have a much larger debt crisis in the U.S. that hasn't gone away and is only getting worse. Many global economists have been saying in recent weeks that if the European Central Bank (ECB) only went the way of the Federal Reserve, eurozone nations wouldn't be in the desperate situation they are in today. NIA believes that the ECB has already been acting just like the Fed, just not to the same extent. Mario Draghi...
  • Sun Trust drops plans for Debit Card fees

    11/03/2011 7:29:17 AM PDT · by Vigilanteman · 18 replies
    Sun Trust Bank ^ | 2 November 2011 | Sun Trust Bank
    Effective November 2, 2011, SunTrust will no longer be charging a check card fee on any consumer checking accounts. If you received notice that your account would be subject to this fee, please disregard it. If you have previously been charged this fee, you will receive a full refund within the next 30 days.
  • Interview of Christopher Whalen (On The Latest Banking Probems)

    10/29/2011 1:05:38 PM PDT · by Razzz42 · 1 replies
    King World News - Broadcast ^ | October 29, 2011 | Eric King Interviews Christopher Whalen
    (About)Christopher Whalen: Co-founder of Institutional Risk Analytics - IRA is a provider of risk management tools and consulting services for auditors, regulators and financial professionals. Christopher leads IRA’s risk advisory practice and consults for global companies on a variety of financial and regulatory issues. He is global risk editor of The International Economy magazine, has contributed to Insight on the News and Barron's. Christopher helped found The Herbert Gold Society, an informal group of current and former employees of the U.S. Treasury and the Federal Reserve System.