Anyone with savings in the bank is painfully aware of the fact that they are receiving only slightly more income than someone who keeps their savings under the mattress. In an attempt to stimulate credit demand by lowering interest rates to near zero, the Federal Reserve has effectively guaranteed negative returns to savers after taking […]
U.S. Treasury Says Financial Crisis Is Over But The Next One May Be Right In Front Of Us
March 2, 2012 By Leave a Comment
According to the U.S. Department of the Treasury, the worst of the financial crisis is now behind us and the TARP bank bailout program has generated positive returns. In an article entitled “The U.S. Economy in Charts”, the Treasury Department notes that the economy is gradually getting stronger as evidenced by 10 straight quarters of […]
Banking Update – Daily Banking News
December 14, 2011 By Leave a Comment
Welcome to Banking Update, a roundup of articles and news from around the internet. News Highlights of the Day: The European banking and sovereign debt crisis continues to confound the ability of policy makers to contain the crisis and the risk of financial contagion to the U.S. banking system remains a serious concern. Did Fed […]