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Stories Tagged With Banking

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YES

NO

18 Pikks

 

Is this PSECU consolidation loan predatory?

They lure you in with a low rate credit card consolidation, and charge you higher interest on your payments. You can't pay off your high interest balance until you've paid off your low interest consolidation. [more] [retweet] [Share] [widget] [share]
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INTERESTING

BORING

8 Pikks

 

A Public Marriage Proposal

Isn't it a little nuts how people try to make fairy tales out of real life these days? How they get sucked into the fantasy lives they think celebrities lead? And then shoot down the poor celebs once they get real? [more] [retweet] [Share] [widget] [share]
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WOW!

MEH

8 Pikks

 

Morgan Stanley’s $9,000,000,000.00 Check. That’s $9 Billion! 

(click to see the check) Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing. The payment was supposed to be wired electronically, but because it needed to be made on an emergency  [more] [retweet] [Share] [widget] [share]
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SMART

DUMB

9 Pikks

 

We Need to Make Banking Boring Again

Some of the most far-reaching reforms of the New Deal were the financial regulations that FDR put into place. Conceptually, one can think of them as a three-legged stool. The first regulation effectively said that investors have to have good (and f [more] [retweet] [Share] [widget] [share]
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GLAD

SAD

11 Pikks

 

Top "talent" leaving banks

The turning point for Stephan Jung came in February, around the time bonus checks were slashed. A veteran of UBS, one of many banks tarnished by the financial crisis, Mr. Jung realized that the old Wall Street would not be bouncing back any time soon. [more] [retweet] [Share] [widget] [share]
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FUNNY

FOUL

5 Pikks

 

Yahoo Paid Bankers $79 Million For Blowing Microsoft Deal

Yahoo's bankers (YHOO), presumably, are of the view that they gave Jerry Yang the board great advice...which they then ignored. Which is plausible.  [more] [retweet] [Share] [widget] [share]
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A

B

32 Pikks

 

Pick a side: A) Barney Frank B) North Trust Corporation

Northern Trust spent a bunch of bailout money on a party/golf tournament, and claims it was an integral part of their doing business. Barney Frank says that's "arrogant," give the money back. [more] [retweet] [Share] [widget] [share]
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NO

12 Pikks

 

ex-CEOs sells $14M mansion to wife for $100, was it fraud?

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Lawyers were divided yesterday over whether the decision to move the mansion into Mrs Fuld's name was an attempt to put assets beyond the reach of investors who intend to sue the former chief executive for compensation. Some lawyers cited Florida's un [more] [retweet] [Share] [widget] [share]
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YES

NO

12 Pikks

 

Wachovia in talks to be sold, should we put off the bailout?

and see if this thing just sort of works itself out? Or, is it working itself out because of the imminent bailout? This is the 3rd or 4th major bank since the bailout announcement that has moved on its own. "Wachovia, saddled by mortgage losses, is [more] [retweet] [Share] [widget] [share]
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HOORAY!

BOO!

28 Pikks

 

Gov't breaks contracts with Fannie and Freddie:No CEO bonuses

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(with pic from Central Casting) As part of its bailout deal, the gummint will not pay golden parachute bonuses to the departing chiefs, as previously stipulated in their contracts. If you love the sanctity of contracts, vote Boo! "Former Fannie Mae  [more] [retweet] [Share] [widget] [share]
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SURPRISING

NOT

2 Pikks

 

Wachovia loses $8.9B, cuts 6,350 workers, dividend

CHARLOTTE, N.C. (AP) -- Wachovia Corp. reported a surprisingly large second-quarter loss Tuesday, deflating Wall Street's hopes that the nation's big banks are weathering the credit crisis well. The nation's fourth-largest bank by assets said it lost [more] [retweet] [Share] [widget] [share]
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