Archive for the 'Business' Category
Anyone who thought banks would simply take the bailout money and start doling out cash immediately was clearly deranged, here is proof:
Consumers are increasingly unable to pay off their credit cards, forcing banks to hoard cash to protect against future losses and lend to fewer people, according to reports yesterday from several of the nation’s […]
From Bloomberg:
Vladimir Putin came to power in 2000 vowing to destroy Russia’s oligarchs “as a class.” Within two years, he’d driven two into exile and imprisoned another.
Now, he may use the global markets meltdown to finish the job.
The $50 billion that the prime minister and President Dmitry Medvedev have pledged to lend cash-strapped companies will […]
Washington Post is noticing that Canadian banks are not on the verge of panic and destruction. States the obvious if you live in Canada, but a good reader for any US or European reader - and banker!
Also, Canadian banks are simply less greedy and more conservative, too.
Plus, they learn from their mishaps and misadventures. In […]
The headlines say it all:
Small-town ouch: Financial pain hits home
Hard times: America’s fastest-dying cities
The ‘epic demise’ of the US consumer
Who is responsible?
Tags: Business, Economy, USA|
Posted By: froosh | Oct 16th
Here are a few tips, or at least things you may not have known - straight from the financial industry:
It takes an average of three days for a cashed check to clear.
A teller is probably the only person in the bank qualified to do a teller’s job - no matter how long the line is.
You’re […]
I respect and admire Warren Buffett. If I could love a man, I’d love Warren Buffett. But, I am getting a tad tired of hearing how the sage of Omaha is looking out for America’s interest.
Hmm… Buffett is a bank, and his exposure to financials is considerable:
Insurance and finance subsidiaries
GEICO
General Re
Kansas Bankers Surety Company
National Indemnity […]
Via YouTube, not sure how long this clip will stay up, so enjoy it while you can:
Wow. Folks, remember:
“There’s an old saying in Tennessee - I know it’s in Texas, it’s probably in Tennessee - that says, fool me once, shame on … shame on you. It fool me. We can’t get fooled again.”
Next time you debate something with someone, don’t be a know-it-all douchebag… especially in the YouTube Age.
Who’s a genius now? Some guy named Peter Schiff, who called this crash very precisely.
Who’s an idiot now? Some douchebag named Arthur Laffer - a former advisor of Ronald Reagan - who basically is 100% wrong.
To recap:
America’s […]