Free Republic 3rd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $44,961
51%  
Woo hoo!! And we're now over 51%!! Thank you all very much!! God bless.

Keyword: banks

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  • EU explores account freezes to prevent runs at failing banks

    07/29/2017 8:45:08 AM PDT · by george76 · 10 replies
    Reuters ^ | JULY 28, 2017 | Francesco Guarascio
    European Union states are considering measures which would allow them to temporarily stop people withdrawing money from their accounts to prevent bank runs ... The move is aimed at helping rescue lenders that are deemed failing or likely to fail, but critics say it could hit confidence and might even hasten withdrawals at the first rumors of a bank being in trouble. The proposal, which has been in the works since the beginning of this year, comes less than two months after a run on deposits at Banco Popular contributed to the collapse of the Spanish lender. It also come...
  • The great highway loot

    06/26/2017 5:32:12 AM PDT · by Tolerance Sucks Rocks · 1 replies
    The Indian Express ^ | June 12, 2017 | Gajendra Haldea
    Though belated, the recent ordinance empowering the Reserve Bank of India to ensure recoveries from wilful defaulters is a step in the right direction. However, a lack of legal authority was never a barrier in the government’s ongoing war against corruption, black money and bad debts. Be that as it may, it is imperative for the government to demonstrate tangible results that would carry conviction with the masses. If only it were to examine the anatomy and modus operandi of national highway projects, it would discover a large-scale plunder of public money waiting to be booked. The usual contractor-engineer-politician troika...
  • GOP replacement for Dodd-Frank financial rules passes House

    06/11/2017 11:56:31 AM PDT · by Tolerance Sucks Rocks · 21 replies
    The Washington Examiner ^ | June 8, 2017 | Joseph Lawler
    House Republicans voted Thursday to replace the 2010 Dodd-Frank law with their own sweeping financial regulatory measure, the Financial Choice Act.The bill passed 233-186, with no Democratic support. One Republican, Walter Jones of North Carolina, voted no.Authored by Rep. Jeb Hensarling of Texas, the conservative chairman of the House Financial Services Committee, the bill is perhaps second only to the healthcare legislation Republicans passed last month in its scope and significance. Like the healthcare bill, it would undo one of Obama's top legislative achievements, the new rules imposed on the financial sector in the wake of the 2008 financial crisis....
  • It’s Really Crazy What This ECB Has Wrought [European Central Bank]

    05/14/2017 7:47:09 PM PDT · by Lorianne · 7 replies
    Wolf Street ^ | 14 May 2017 | Wolf Richter
    In the land of NIRP refugees and “Reverse Yankees,” who will get crushed? At the end of the week, something special happened, something totally absurd but part of the new normal: the average yield of euro-denominated junk bonds – the riskiest, non-investment-grade corporate bonds – dropped to the lowest level ever: 2.77%. April 26 had marked another propitious date in the annals of the ECB’s negative yield absurdity: the average euro-denominated junk bond yield had dropped below 3% for the first time ever. By comparison, what is considered the most liquid and safe debt, the 10-year US Treasury, carries a...
  • Millions Of Dollars In Fraud Revealed After Clinton Foundation Server Hacked (via TARP)

    01/27/2017 7:22:16 AM PST · by Enlightened1 · 50 replies
    News Target ^ | 01/26/17 | Don Wrightman
    Guccifer 2.0, has released files pertinent to the Clinton Foundation. Banks that received TARP fund sent kickbacks to Democrat polls to bribe them to vote for the TARP bailouts.   When Obama demanded that congress approve more bailouts between 2009 and 2011, it seemed as if kickbacks were offered to Democratic politicians from the big banks, but through the Clinton Foundation. This included Hillary, who was to ensure that the bailout got approved. Clinton aided the big banks in bribing the Democrat politicians. “Democrats funneled tarp funds back to their PACs! That’s taxpayer bailout money that went right to...
  • Bank scam con may rattle Kerry closet

    07/30/2004 6:15:08 AM PDT · by Land_of_Lincoln_John · 66 replies · 4,583+ views
    Boston Herald ^ | Friday, July 30, 2004 | David R. Guarino
    As John F. Kerry tries to bounce out of Boston and into a decisive fall campaign lead, a skeleton from the past will slink out of jail - possibly looking to score headlines and undercut the new nominee. David Paul, a central figure in a 1980s savings and loan scandal, is set to be sprung from a halfway house in Miami Sunday - a decade after his conviction on 97 counts of banking fraud. TV news outlets are scrambling to line up the first interview, hopeful the long-silent Paul might spill some beans about his close fund-raising ties to Kerry...
  • Stocks drop after Trump says he's actively considering breaking up big banks

    05/01/2017 9:59:01 AM PDT · by gwjack · 77 replies
    CNBC.com ^ | 5/1/2017 | CNBC Staff
    Stocks drop after Trump says he's actively considering breaking up big banks Headline only at this time.
  • Muddy Maxine Waters: What a riot

    04/27/2017 1:01:07 PM PDT · by Hojczyk · 6 replies
    Michelle Malkin ^ | April 26,2017 | Michelle Malkin
    Her daughter, Karen, has scooped up nearly $650,000 in payments from Mama Waters’ slate mailer operation for her federal campaign committee since 2006, the Washington Free Beacon reported this week. And Mama Waters owes her well-heeled daughter an additional $108,000. Waters also mau-maued the House Veterans Committee into hiring two black staffers. And she walked away with a slap on the wrist from the toothless House Ethics Committee in 2012 after being charged with multiple ethics violations related to her meddling in minority-owned OneUnited Bank. Reminder for all the new fangirls and fanboys suffering from Maxi-mnesia: Her husband, Sidney, was...
  • Inside the ‘Surprisingly Great’ North Korean Hacker Hotel (luxury pad - in China)

    12/21/2014 9:34:39 AM PST · by Libloather · 13 replies
    The Daily Beast ^ | 12/20/14 | Michael Daly
    North Korea is so isolated that rather than bring the Internet to its hackers, it brings them to it—in a swank hotel in China. The luxury hotel that has been called a command post for North Korean hackers would make for a unique holiday getaway and give you lots to talk about back home. “Surprisingly Great Hotel - Clean, Tasteful.... and North Korean!” says a trip advisor review for the Chilbosan Hotel in Shenyang, China. For just $53, you get “a deluxe twin room,” including a North Korean breakfast considerably more substantial than those enjoyed by the vast majority of...
  • US government 'hacked global bank system'

    04/14/2017 9:57:49 PM PDT · by Fedora · 9 replies
    BBC ^ | 04/15/2017 | Dave Lee
    A huge range of security exploits, said to be worth over $2m if sold on the black market, have been leaked online.The tools are said to have been created by the US National Security Agency (NSA), and accompanying documents appear to indicate a possible breach of the Swift global banking system.Such a hack could have enabled the US to covertly monitor financial transactions, researchers said.The files were released by Shadow Brokers, a hacking group that has previously leaked malware.If genuine, it represents perhaps the most significant exposure of NSA files since the Edward Snowden leaks in 2013.On Twitter, Mr Snowden...
  • Fresh Clues of Iranian Nuclear Intrigue

    01/16/2009 8:44:24 AM PST · by mojito · 8 replies · 646+ views
    Wall Street Journal ^ | 1/16/2008 | Glenn R. Simpson and Jay Solomon
    U.S. security and law-enforcement officials say they have fresh evidence of recent efforts by Iran to evade sanctions and acquire metals from China used in high-tech weaponry, including long-range nuclear missiles. Iran's efforts are detailed in a series of recent emails and letters between Iranian companies and foreign suppliers seen by The Wall Street Journal. Business records show one Iranian company, ABAN Commercial & Industrial Ltd., has contracted through an intermediary for more than 30,000 kilograms (about 66,000 pounds) of tungsten copper -- which can be used in missile guidance systems -- from Advanced Technology & Materials Co. Ltd. of...
  • Swiss bank deems Le Pen 'biggest risk' to Europe

    03/10/2017 6:24:04 AM PST · by markomalley · 13 replies
    France's Marine Le Pen is the biggest risk to European stability, Credit Suisse said in a guide launched on Thursday to help investors navigate the upcoming "defining" months facing the continent. Analyzing possible outcomes in the Dutch, French and German elections as well as Britain's triggering of Article 50 to kick-start Brexit and Greece's debt negotiations, Credit Suisse strategists offered three scenarios for Europe's immediate future.     Scenario one, billed as "positive" by Switzerland's number two bank, sees pro-European, centrist candidates winning in France and Germany when the key continental powers vote in April and September, respectively.    ...
  • Quiet Victory for Elites Accelerates Cashless Agenda

    02/14/2017 1:30:47 PM PST · by Lorianne · 33 replies
    World leaders and economists are pushing harder than ever toward a cashless society. With anti-cash measures already being tested in Europe and the Third World, itÂ’s only a matter of time until the global elite push for the same in the U.S. Will globalistsÂ’ dream of a cashless society soon become reality? Plotting in Switzerland Last month, members of the World Economic Forum, more commonly known as the Davos Elite, met for their annual gathering in Switzerland, and the pursuit of a global cashless society was a major topic on their agenda. Nobel Prize-winning economist Joseph Stiglitz, a key member...
  • Who Sits Above Trump? 10 Presidents & Politicians Told Us A “Secret Government” Controls The World

    02/09/2017 8:25:01 PM PST · by 2ndDivisionVet · 47 replies
    Collective Evolution ^ | February 9, 2017 | Arjun Walia
    This year’s U.S. election completely shocked the world. It seemed clear that Hillary Clinton was backed by the big banks and other elite groups to run the American empire, and Wikileaks further helped to illustrate how corporate and financial interests control the presidency. This is exactly why Trump’s election came as such a surprise, and why mainstream media continues to demonize him. Of course, his many and obvious flaws make it easy for them to do so, but in an age where mainstream media completely controls the thoughts and perceptions of the masses, it is important to remember that...
  • OneUnited Bank and #BlackLivesMatter launch the ‘Amir’ Card

    02/09/2017 1:10:38 PM PST · by 2ndDivisionVet · 15 replies
    The Michigan Chronicle ^ | February 9, 2017 | Roz Edward, Managing Editor
    A historic partnership has been born between OneUnited Bank, the largest Black owned bank in the country, and #BlackLivesMatter to organize the $1.2 trillion in spending power of Black America and launch the “Amir” card during Black History Month. Both OneUnited Bank and #BlackLivesMatter are strong advocates for the empowerment of Black people, and have taken special care to communicate this focus through their messaging and their work. #BlackLivesMatter was sparked by the acquittal of the killer of 17 year-old Trayvon Martin and founded in 2013 as a rallying cry to decree that while every human life matters, it is...
  • Corporate Bullying has Arrived

    02/05/2017 2:06:23 PM PST · by Kaslin · 31 replies
    Townhall.com ^ | February 5, 2017 | Tom Tradup
    NEW YORK (AP) — Nordstrom says it will stop selling Ivanka Trump clothing and accessories, creating some questions about the future of the brand elsewhere.That innocuous headline caught my eye Friday, because it confirmed the arrival of what FOX Business Network and SRN financial commentator Lou Dobbs brilliantly calls “Corporate Bullying.” Naturally, Seattle-based Nordstrom stores won’t cop to knuckling-under to threats of “boycotts” by ad hoc online terrorists like the group #Grab Your Wallet. When I contacted Nordstrom headquarters to get the straight-skinny on why Ivanka Trump’s product line is really being dropped. I received the following homogenized, weasel-worded response...
  • Norwegian Bank Tests 'Islamic Loan' Concept

    01/26/2017 1:30:44 AM PST · by nickcarraway · 20 replies
    Norwegian bank Storebrand is offering new ‘halal loans’ based on Islamic principles. The bank recently created a website promoting ‘ethical loans’ for home financing without interest. The bank writes that it is testing the idea of interest-free loans in part to appeal to Muslim home buyers who may not want to accept a traditional loan because of their faith. Islam prohibits charging interest or fees on financial loans. “We wanted to find out if there could be another way to enter a housing market with rising prices. The product could appeal to young people, new graduates or people who can...
  • Wall Street hates the Volcker Rule. Will Trump finally kill it?

    01/10/2017 2:37:59 AM PST · by expat_panama · 14 replies
    Money CNN ^ | January 9, 2017: 1:32 PM ET | Matt Egan
    Big banks shouldn't act like hedge funds by making dangerous bets that can ruin the economy. That's the principle behind the Volcker Rule, a controversial part of the post-crisis Wall Street reform. The rule prohibits banks like Goldman Sachs or JPMorgan from making risky wagers with their own money and bans them owning big stakes in hedge funds or private-equity firms. The banks hate it. Wall Street has bitterly complained about the Volcker Rule for years... ...named after legendary Federal Reserve chairman Paul Volcker, who came up with the idea and fought hard to include it in Dodd-Frank. But recently,...
  • Ukraine to nationalize its biggest lender, PrivatBank

    12/18/2016 6:54:08 PM PST · by dynachrome · 10 replies
    Reuters ^ | 12-18-16 | Natalia Zinets and Pavel Polityuk
    The Ukrainian government announced on Sunday that it will nationalize PrivatBank, the country's biggest lender, in one of the biggest shake-ups of the banking system since the country plunged into political and economic turmoil two years ago. In a statement late on Sunday, the government made no mention of the size of the potential burden to the state budget, but said it would ensure a stable transition and the smooth functioning of the bank. The Finance Ministry will take over PrivatBank, which is part-owned by one of Ukraine's richest men, the powerful oligarch Ihor Kolomoisky. Finance Minister Oleksandr Danylyuk said...
  • Trump Day One To-Do List: Repeal $1.7 Billion Of Dodd-Frank Rules

    12/07/2016 5:47:04 AM PST · by IBD editorial writer · 19 replies
    Investor's Business Daily ^ | 12/6/2016 | Staff
    Regulations: Donald Trump will have a busy first day if he plans to undo much of the damage inflicted on the economy by President Obama. Nevertheless, here's one more item to add to his list: Overturn $1.7 billion in Dodd-Frank rules. The Dodd-Frank financial "reform," passed by Democrats and signed into law by President Obama in 2010, is arguably the most misguided and economically harmful piece of legislation ever imposed on the country (the second, arguably, is ObamaCare). As we've noted in this space before, one of the main reasons the economy has been stuck in neutral for the past...