BankBailout
Why All of Us May Have to Pay for B of A's $5 Debit Card Fee
11:30AM 10/05/2011
Goldman Sachs , Bank of America, Citigroup, Wells Fargo & Co, Banking
Last week, Bank of America ignited a firestorm of controversy by choosing to charge its customers $5 a month to use their debit cards. Now, an angry consumer group has called for a federal investigation. Is this overkill or a smart response to what could be a budding disaster for the bank -- and taxpayers?
There's a particularly juicy rumor gaining steam that the Obama Administration plans to tax banks to recoup taxpayer-funded bailouts of banks and more.
"I think it's a perfectly reasonable idea," Douglas Elliott, a fellow at the Brookings Institution, a think tank, told WalletPop. "Clearly there...
Applying for bank bailout easier than coffee barista job
8:00AM 12/29/2008
Getting some of the $700 billion bailout for America's banks looks to be a lot easier than applying for a job at a Portland coffee shop.
I didn't believe it until I saw it myself, but applying for a bank bailout in the federal Capital Purchase Program requires only two pages. And I realize that...
We've all been referring to the federal government's Troubled Asset Relief Program (TARP) for banks as the "$700 billion bailout." But last night, BailoutSleuth, Marc Cuban's site created to follow the administration of the bailout reported that our government has spent a whole lot more than that...
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