It turns out BOA and Citi come out looking like they need to raise billions in additional capital and now they are arguing with Treasury about it, so they pushed releasing the info back to Thursday May 7. Here's a news link about it:
http://www.nytimes.com/2009/05/02/busin … ss.html?hp
I thought that the banks were magically all better??? What happened to the nice profits they suddenly turned after the TARP infusions?
Should we all be shopping for a new mattress?
I hear ya. We removed all of our assets from banks and moved it to a credit union since none of them are "too big to fail."
The big funny I read the other day was the Treasury wanted to convert its preferred shares to common shares so the banks wouldn't need to come to DC to continually ask for money. Riiiiiiight. The gov't won't let the banks fail now, but once they're voting members, they'll let them fail. Uh-huh.
by Susan Reid 7 years ago
JP Morgan Chase is considering capping debit card transactions to $100 or even $50. It's all about fees they charge per transaction, currently $.44 and proposed to be slashed by Congress to $.12.That's a big hit for banks, yes.But after years of "training" us to swipe our debit cards...
by pgrundy 8 years ago
This is hitting South Bend now, where I grew up. I have a house there with a renter in it that I"m about to lose:http://www.nytimes.com/2009/03/30/us/30 … y.html?hpwIt's so bizarre. The industrial midwest is getting really, really bad.
by starme77 9 years ago
or money that just kind of disappeared from your account and things just didn't add up?
by Mathi P 7 years ago
ha ha LOL - are u know ?
by Riece 7 years ago
I hear people everyday in the bank and on message boards complaining about how the bank is so evil in their overdraft charges. Sometimes it is the bank's fault, but when it is, they reverse the fees. That is a very small percent of the time.When are people going to start taking responsibility for...
by Jyoti Kothari 10 years ago
Many European banks are now in distress. Be it in Germany,Netherlands or UK. Govts. in Europe are coming forward to bailout them but they have to face the consequences of American bubble bust.Jyoti Kothari
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