Category Archives: Banks

Money, Money, Money … And Stuff They Haven’t Told You

The “cashless society” is being proposed here and there, usually pointing to the convenience of credit and debit cards and the cash-based drug rings as justifying abandonment of cash. And those are truths, too. But there are some other truths … Continue reading

Posted in Banks, Government, Money | Tagged , , | 7 Comments

U.S. Foreign Policy: Feel The Love? (You’re Paying For It!)

The IRS is now reaching into foreign bank accounts in pursuit of taxpayers. Using a new weapon provided by Congress in 2010, the IRS will withhold 30%of amounts paid to foreign banks from U.S. investments — unless the foreign bank … Continue reading

Posted in Banks, Foriegn Policy, Politics | Tagged , , | 2 Comments

Gleanings From The Passing Scene..( Politically Uncorrected)

Another Saturday, another helping from present reality (One sort or another) A group of college kids, illegal offspring of illegal parents, have sued their state for cheaper tuition at the state college. They feel entitled to pay the rates of … Continue reading

Posted in Banks, Climate Change, Conspiracy, Energy, Entitlement | Tagged , , , , | Leave a comment

Are You Ready To Be Saved Again?

Our President said he wants Congress to close Fannie Mae and Freddie Mac, the most spectacularly failed government subsidizers of home mortgages. That’s a bit like Hitler closing Dachau; you have to applaud the notion but it leaves you wondering … Continue reading

Posted in Bank Failure, Banks, Barack Obama, Congress, Debt, Home Ownership | Tagged , , , , , , , , | 7 Comments

London’s Liberated LIBOR Leaps Across The Atlantic

Leaping lizards! LIBOR has been kidnapped! Well, taken away at least. The London Interbank Offered Rate (LIBOR) reports the interest rate banks are charging each other in well, London. London is a historic financial center for Europe, sort of like … Continue reading

Posted in Banks, Conspiracy, Corruption, Debt, Economics, Fiscal/Financial Responsibility, Investing, Scandal | Tagged , , , , | Leave a comment

When You Wish Upon A Fed…

Our economy is recovering, right? The stock market has risen, real estate prices likewise and the government says things are improving. Thank Obama! Of course, the numbers of people employed haven’t changed much and folks are still facing layoffs. New … Continue reading

Posted in Banks, Competition, Domestic Policy, Economics, Finance, Home Ownership, Inflation, Investing, Politics, Recession | Tagged , , , , , , | Leave a comment

Bleed for the Nice Politician; He’s Trying to Help You!

Why doesn’t the government just hire everybody at a fair wage, thus solving unemployment? (It appears to be trying, right?) That’s what the politicians are selling, though they fancy it up. Consider: When a politician says government should ‘help’ he … Continue reading

Posted in Banks, Debt, Domestic Policy, Economics, Fiscal/Financial Responsibility, Inflation, Overspending, Politics, Social Security | Tagged , , , , , , , | Leave a comment

Smart Bankers SELL Reverse Mortgages (They Don’t Buy Them!)

Reverse mortgages are touted by TV advertisers and knocked by the New York Times, which is in turn savaged by a university professor (Reverse Mortgages) while the financial sky is preparing to fall (World Economy).. Or not. Retirees staring at … Continue reading

Posted in Bank Failure, Banks, Debt, Finance, Future, Home Ownership, Inflation | Tagged , , , , , | 2 Comments

Update On the Coming Collapse (Cyprus Banks Still Shut)

We last considered Cyprus as its government proposed to bail out its failing banks by grabbing 10 percent of the money depositors had entrusted to those banks. Its parliament refused to do that (mobs in the streets, etc.) so the … Continue reading

Posted in Bank Failure, Banks, Debt, Depression, E.U., Europe, Fiscal/Financial Responsibility, Overspending, Politics | Tagged , , , , , | 4 Comments

Another Financial Shoe Drops…

We continue to point to the visible collapse of the world’s finances with this, our third in the ongoing series. South American monkeyshines–Argentina’s supermarket price freeze and Venezuela’s devaluation–were the first shoes to drop, followed by the German slowdown that … Continue reading

Posted in Bank Failure, Banks, Debt, Depression, E.U., Europe, Fiscal/Financial Responsibility, Overspending | Tagged , , , , , | 5 Comments