Congressional Quarterly (CQ) reports on legislative action to reign in credit card companies massive fraud on consumers and small business.
"Key Senators Urge Freeze on Some Credit Card Rates
Senate Banking Committee Chairman Christopher J. Dodd , D-Conn., and Sen. Charles E. Schumer, D-N.Y., are calling on the Federal Reserve and other regulators to implement a new rule that would ban retroactive interest rate increases on existing card balances. [Read More]"
The National Association of Small Business NSBA is also working hard to reign in a banking industry which is increasingly out of control.
For the good of the country it is time to break the largest banks up and closely regulate their business practices. It is also long past time that upper management in the banking industry be criminally prosecuted, that these crooks be given a lengthy taste of state hospitality, and that those convicted of major crimes be barred from ever working in the industry.
Thursday, April 23, 2009
Monday, April 20, 2009
Why Loan When Banks Are Flush With The Publics' Money?
According to the Wall Street Journal “Lending at the nation's biggest banks has fallen more sharply than previously realized, despite government efforts to pump billions of dollars into the financial sector.
According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.
http://online.wsj.com/article/SB124019360346233883.html#mod=djemalertNEWS”
Could it be that with billions of dollars of public money that the banks do not need loan revenue? Why work for a living when they can simply reach into our pockets?
RJR
According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.
http://online.wsj.com/article/SB124019360346233883.html#mod=djemalertNEWS”
Could it be that with billions of dollars of public money that the banks do not need loan revenue? Why work for a living when they can simply reach into our pockets?
RJR
Why Loan When Banks Are Flush With The Publics' Money?
According to the Wall Street Journal “Lending at the nation's biggest banks has fallen more sharply than previously realized, despite government efforts to pump billions of dollars into the financial sector.
According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.
http://online.wsj.com/article/SB124019360346233883.html#mod=djemalertNEWS”
Could it be that with billions of dollars of the publics’ money that the banks do not need loan revenue?
According to a Wall Street Journal analysis of Treasury Department data, the biggest recipients of taxpayer aid made or refinanced 23% less in new loans in February, the latest available data, than in October, the month the Treasury kicked off the Troubled Asset Relief Program.
http://online.wsj.com/article/SB124019360346233883.html#mod=djemalertNEWS”
Could it be that with billions of dollars of the publics’ money that the banks do not need loan revenue?
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