Archive for September, 2009
Citigroup Continues to Shed Toxic Assets, Adds Commodity Traders
Although Citigroup (NYSE: C) should have been allowed to fail, since that wasn’t allowed to happen, it is at least instructive to follow what they’re doing in attempts to survive and strengthen itself. When measured by assets, Citigroup is the third-largest bank in the U.S., and after receiving $45 billion in taxpayers’ money from the [...]
New York Judge: Banks Must Prove Ownership or No Foreclosure
An amazing story has emerged in New York where Judge Arthur M. Schack has shaken up the banking industry, having the gall to actually check the paperwork presented to him in numerous cases of banks seeking to foreclose on homeowners. Before I get into this, I want to say up front that people are responsible [...]
Learn about the Nation’s Central Bank: Federal Reserve Books
If you’ve never studied how America’s banking and financial system works before, it’s definitely worth spending some time on and researching. Doing so will help you better understand macroeconomic forces and how you can safely ride the waves of financial uncertainty in today’s economy. There’s no better place to start learning about the US economy [...]
worst video player ever- after over2:00 there's still no video appearing 