Tag Archives: banking

Tweet Of The Day – NYC Southpaw

The above amusing message popped up as I was following the Day Of Rage protest on Twitter (#OccupyWallStreet), where the usual anarchists and other weirdos have landed their flying saucers to hijack the legitimate protests about “corporate personhood” and government-funded bank fraud. “What do we want?”UNDEFINED CHANGE!“When do we want it?”EVENTUALLY! There appears to be a smallish crowd for the …

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Found On Craigslist M4M

(Source)

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Bank Of America Will “Help Perry Out”

So says one of their executives, caught on tape.

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$5 ATM Fees?

Yes.

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Vampire Forecloses On Bank

Alternate headline: Bloodsucker Vs. Bloodsucker. (Via – Daily What)

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Rep. Alan Grayson On Financial Reform: Too Big To Fail Means Too Big To Exist

Grayson thinks the Senate finance reform bill is too weak.

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Senate Passes Financial Reform Bill

By a partisan vote of 59-39, the Senate has passed its sweeping financial reform bill. The legislation aims to prevent a recurrence of the near-meltdown of big Wall Street investment banks and the resulting costly bailouts. It calls for new ways to watch for risks in the financial system and makes it easier to liquidate large failing financial firms. It …

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Cash For Gold, Abu Dhabi Style

While desperate American mail their gold jewelery to corporate scamsters in return for cash, a hotel in Abu Dhabi has installed an ATM machine that dispenses tiny gold bars when you feed it money. Because there’s so little conspicuous consumption in the region. (Tipped by JMG reader JM)

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World Markets Sagging As Financial Crisis In Greece Worsens

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Today In Banking Scams

JP Morgan Chase is telling its customers to select “credit” when making debit card purchases, because then they’ll have to sign for their purchase and that’s safer than entering a PIN in public Except banking industry experts say it’s actually not safer. Could this new advice arise from the fact that that JP Morgan Chase makes a dollar from the …

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Photo Of The Day – Office Politics

Dealmaker provides the above photo of how one tech analyst at Credit Suisse handled a conflict with a banker in the next cubicle. Commenters at the link are especially tickled by the Jolly Roger. (Via – Gothamist)

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Barney Frank Bans Contact With Former Staffer Turned Lobbyist

Under congressional rules, government employees who become lobbyists (usually for the industries they once regulated), are barred from contacting their former employers for one year. Today Barney Frank took that one step further, banning staffers on the House Financial Services Committee from ever speaking with a former coworker now working as a banking industry lobbyist. By law, [Peter] Roberson is …

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$100M Bonus For Goldman Sachs CEO?

Goldman Sachs, favorite whipping boy of the teabaggers (and just about everybody else), is said to be considering a bonus for its CEO Lloyd Blankfein that may reach $100M. Goldman Sachs, the world’s richest investment bank, is facing a potential political storm over how much it pays its chief executive, Lloyd Blankfein. Bankers in Davos for the World Economic Forum …

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Greece Near Bankruptcy

Greece is perilously close to defaulting on its debts, putting the solvency of the euro at risk as well. If no buyers can be found for its securities, Greece will have no choice but to declare insolvency — just as Mexico, Ecuador, Russia and Argentina have done in past decades. This puts Brussels in a predicament. European Union rules preclude …

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Italy: Vatican Bank Being Investigated For Money Laundering

An Italian newsweekly is reporting that the Vatican Bank is being investigated for a $300M money laundering scheme involving one of Italy’s largest banks. Panorama reports that officials from the Bank of Italy’s Financial Intelligence Unit (UIF) have identified transactions worth up to €180 million (£160 million) that allegedly violated anti-money-laundering regulations in accounts held at a UniCredit branch in …

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Goodbye Dubai?

The glittering city-state of Dubai, home to uncountable brand new skyscrapers and whimsical artificial islands, has asked for a six month reprieve on its $60B debt, sending the world’s markets into something of a tumble. Wall Street turned sharply lower at the open on Friday, as traders scrambled to play catch-up after sharp downturns in Asian and European markets over …

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Really Citi

Beginning in February, Citibank will begin charging customers $7.50 each time their checking account balance dips below $1500. But they say that’s a reward, not a punishment. Penny-pinching Citibank will put the squeeze on small-fry customers, charging them up to $90 a year by demanding a fee every time their average monthly checking account balance sinks below $1,500. Starting in …

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Riots In London As President Obama Meets With G-20 Summit Leaders

As widely predicted, London’s financial district is seeing rioting mobs today as President Obama meets with world leaders during the G-20 Summit. As President Obama was holding one-on-one meetings Wednesday with the leaders of Russia and China, thousands of protesters marched in the streets of London, and there were several violent clashes with police. A mob of protesters, many of …

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Bank Teller Quits Over Mexican IDs

Christianist site World Net Daily is canonizing a Virginia bank teller because he quit rather than adhere to a new policy requiring the acceptance of ID cards issued by the Mexican consulate. A personal banker in Arlington, Va., is quitting his job after Chevy Chase Bank, one of the largest and best-known banks in the Washington, D.C., region announced it …

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Another $20B For Bank Of America

Un-fucking-real. After a marathon negotiating session, the Bush administration agreed early Friday to give Bank of America an additional $20 billion worth of fresh capital to help it stomach the losses at Merrill Lynch, which the company acquired Jan. 1. The funds are in addition to $25 billion in TARP rescue funds Bank of America has already received. The new …

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