Financial Crisis Situation where the value of a financial institution or asset declines quickly. Often associated with a run on the banks, where most investors sell off assets or withdraw money based on fears that the value of those assets will drop if they are not withdrawn. … [Read more...]
Fed’s Dudley Says Lack of Mortgage Competition Hampering QE3 Benefits
Lack of competition in the mortgage industry is hindering the affects of the Federal Reserve’s quantitative easing efforts, a senior Fed policy maker said. In testimony to the National Association for Business Economics in New York City Monday, New York Fed President Bill Dudley … [Read more...]
Pew Examines Attitudes Toward Prepaid Debit Cards
As banks nationwide struggle to regain their reputations after the financial crisis that hit Wall Street, and consumers’ frustration with additional checking account and credit card fees grows constantly, more people are turning toward the prepaid debt card. … [Read more...]
JPMorgan Sued for Bear Stearns Fraud
New York Attorney General Eric Schneiderman, in conjunction with the newly-formed Residential Mortgage-Backed Securities Working Group—created by President Obama to hold Wall Street agencies accountable for misconduct related to the nation’s financial crisis—has filed a civil lawsuit … [Read more...]
David Harvey Gives His Marxist View on the Financial Crisis
Filed Under: Personal Finance by
This is something I went back and forth on posting for a while now. A video by David Harvey who is a self proclaimed Marxist. While many of you may not agree with his point of view it is a and interesting video. So the video was created by the Royal Society which is a British … [Read more...]
