EppsNet Archive: Banks

George Orwell: “I Told You So”

WASHINGTON (AP) — An Associated Press review of the official calendar Hillary Clinton kept as secretary of state identified at least 75 meetings with longtime political donors, Clinton Foundation contributors and corporate and other outside interests that were not recorded or omitted the names of those she met. — Associated Press Clinton campaign spokesman Nick Merrill said that Clinton “has… Read more →

Goldman Sachs CEO Henry Paulson Endorses Hillary Clinton

I’m seeing a lot of headlines today on Henry Paulson’s endorsement of Hillary Clinton, in all of which Paulson is identified as “President George W. Bush’s treasury chief Henry Paulson,” or “ex-GOP Treasury Secretary Henry Paulson,” or something to that effect. There are certainly other ways of identifying Henry Paulson, e.g., Former Goldman Sachs chief executive Henry Paulson Architect of… Read more →

Teaching Prisoners to Code: What Could Go Wrong?

What could go wrong here? Criminal minds + coding skills = ??? One of my favorite Mr. Boffo cartoons shows a gang of robbers in a bank in the Old West . . . one of the robbers says to another, “Someday this will all be done by computer.” What an inspiring program to solve a big and growing U.S.… Read more →

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Greece is Going Out of Business

I remember the good old days when we only had to worry about small banks going out of business. Then big banks started to go out of business, then non-bank financial institutions, and now small countries. The problem with having a lot of debt is that, with some exceptions (“too big to fail”), bad things happen when your investors get… Read more →

We Save Things Around Here

What do I mean by “save things”? My wife was tidying up the garage and found this checkbook. The date (Dec. 19, 1991, the month after we got married) and the check number (101) tells me that it’s the first check we ever wrote on the first joint checking account we ever had. Read more →

People Who Don’t Want Me to Know Things

What I want to know is why there are so many people who don’t want me to know things . . . What the 1% Don’t Want Us to Know Natural Cures “They” Don’t Want You to Know About 20 Terrifying Facts Food Companies Don’t Want You to Know 11 things the Koch brothers don’t want you to know What… Read more →

Ocean’s Trilogy

My wife and I rented Ocean’s Eleven and enjoyed it, so we rented Ocean’s Twelve and enjoyed that too. After we watch Ocean’s Thirteen, we’re planning to rob a bank. Read more →

The Problem With Debt

These are all from today’s headlines: Ireland told: Take EU bailout or trigger crisis – The Guardian Euro under siege as now Portugal hits panic button – Montreal Gazette Greek deficit much bigger than estimate – The Guardian Thirty years ago, we had the savings and loan crisis. Those were the good old days, when investors were only nervous about… Read more →

Will Financial Regulation Make a Difference?

Banks are expected to find ways to offset the impact of the new financial regulations on their earnings, though they face a potentially complex process of adapting to the new requirements, analysts said on Friday. The share prices of some of the biggest United States banks, including Citigroup, JPMorgan Chase and Bank of America, were higher in afternoon trading, hours… Read more →

We Don’t Keep Our Money in Banks

Security fears dog online banking — Yahoo! News Now that’s what I call lazy reporting. If they’d bothered to interview an actual dog, they would have found out that we don’t keep our money in banks because banks are run by Wall Street fat cats and we don’t trust Wall Street fat cats. Actually, we don’t trust any kind of… Read more →

The Capitalists Failed Us

There are some things that one just didn’t do. That’s the way I was brought up. It’s not gray; it was black and white. Now the ethical standard seems to be if everybody else is doing it, I can do it too. Carry that over into the banking. Everybody else is doing these funny loans and having earnings grow faster,… Read more →

Bank Error in Your Favor

A Swedish woman got the shock of her life when she found $US1.13 billion ($1.76 billion) more than expected in her bank account. — The Sydney Morning Herald Hmmm . . . where have I heard of this before? Oh yeah, I remember now . . . Read more →

I Get All the Holidays — And Then Some!

Here’s how I spent the MLK holiday: My son went over to a friend’s house and I stayed home and read a book. When the boy came home, we threw a football around for a while, and then I took Lightning to the dog park, where he fended off an inappropriate advance from a giant black pit bull. So all… Read more →