A Thought: African-American banks and moving your money
Anyone who has been reading this blog for awhile knows that my biggest problem with Obama administration and the Federal Reserve was the Wall Street bailout which was pretty much limited to helping the major money center banks and firms like AIG. Many of these institutions were at the center of the financial crisis we encountered. … Continue reading
The "ARM" and leg that’s not being talked about
Over the past couple of weeks there have been a few headlines about housing prices and home sales increasing along with an overall economic recovery. The so-called economic recovery is fragile and bifurcated in the sense that Wall Street is having a party while the regular folks worry about having jobs and covering the mortgage. … Continue reading
A Financial Coup d'etat
We live in historic times where one must pay very close attention to what’s going on around us. There’s a “reality show” that’s playing out right before our eyes, but American people are asleep with their attention very easily diverted. The thing that’s most disappointing is the lack of real news and new analysis on the substantive … Continue reading
Banks Canceling Credit Cards Without Notice
Interesting article from the Wall Street Journal. The backlash on this will be more frugality and less credit use. That’s not a bad thing, but given that the banks have effectively gotten our money with the TARP and the Federal Reserve’s quantitative easing, this is somewhat disturbing. Cardholders Get Rude Surprise at the Register http://online.wsj.com/article/SB10001424052970203612504574343111012053966.html … Continue reading
The Oligarchs Vs. the People
The Oligarchs vs. the People An Oligarchy, by common definition, is a government which a small group of people control for their own corrupt and selfish purposes. That definition can also be extended to the concentration of economic power. Here in America, there’s little distinction between economic and political power. -Me Sometimes to advance one’s … Continue reading
The African-American Clarion Call 