Did banks illegally foreclose on active-duty troops? | McClatchy
Reblogged from shortformblog
Here’s Bank of America’s stock over the past five years. Steep freefall, yes? Well, it looks like it might suck even more, because the company’s stock is right near the $5 mark for the second time since 2006; it it goes below it, investors would see extra restrictions placed on the stock. Bad things come in fives for BofA.
Reblogged from blissandzen
Before you have to go face the Fox congregation again, go study up.
Reblogged from ryking
The U.S. Federal Reserve System [the Fed’s primary functions are carried out by a system of 12 regional Federal Reserve Banks] is a study in obfuscation. It appears in the organization chart of the U.S. government and presents itself to the world as an independent government body, but its highly complex governance structure assures its operations are in fact controlled by the big banks whose interests it faithfully serves. It piously reports that its accounts are subject to extensive internal and external audit, but only the special one-time audit ordered by the U.S. Congress in the Dodd-Frank financial reform bill signed into law by President Obama on July 21, 2010 under vigorous Fed protest revealed the amount and the beneficiaries of its $16 trillion post-crash handouts.
There are angry calls from both left and right to shut down the Fed. The anger is justified. The call to shut it down, however, ignores the reality that a national money/banking system requires oversight and management by a central bank or its institutional equivalent. The choices center on that institution’s degree of transparency, to whom it will be accountable, and what its priorities will be.
(Source: azspot)
Reblogged from infoneer-pulse
You may remember when credit card machines weren’t so reliable, so stores sometimes used that little aluminum contraption with a roller over your card, and you had to sign the printed copy hard enough to ink onto the carbon paper. This is one of the reasons some cards still have those raised silver numbers on the front alongside your name and expiration date.
Even in spite of innovations like the magnetic strip, embedded data chips and early NFC offerings, the tech behind credit payments in stores hasn’t actually moved far beyond those raised plastic numbers. Until now. It looks like your old plastic might spend more time in your desk drawer than than your bag or back pocket.
» via Fast Company
Reblogged from abloodymess
An investment banker got hit by a car and killed the other day. When I first heard about it, I thought to myself, “That could have been me!”
Then I remembered I can’t afford a car.
