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Washington DC Banks

IRS rule would benefit foreign dictators, cost U.S. estimated $87 billion

A new IRS rule would benefit foreign dictators and drive an estimated $87 billion out of U.S. economy, as Iain Murray explains in The American...
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Obama gives billions to speculators who spawned housing bubble in new bailout

“The Obama Administration will extend mortgage assistance . . . to investors who bought multiple homes before the market imploded, helping...
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Mortgage Deal Rips Off Investors to Reduce Banks' Costs of Bailing Out Borrowers

The Justice Department, state attorneys general, and the biggest banks have reached an agreement to provide at least $26 billion to delinquent...
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Bailout for Underwater Mortgage Borrowers Is Illegal and Will Backfire

Economist Mark Calabria says Obama’s new $7.4 billion plan to let underwater mortgage borrowers refinance at investors’ expense is...
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The $5 debit card fee is a future insight on the impact of financial reform

As a former executive in banking, a $5 fee increase was a frequent and minus any potential threat of consumer backlash, but times are different for...
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Another Massive Government Lawsuit Possible Against America's Banks

A huge new Justice Department attack on banks may soon occur. Earlier, I wrote about how the Obama Justice Department is now forcing banks to make...
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Liberal journalists urge more bailouts, even as economists object

  • mortgage bailouts
  • August 24, 2011
Liberal journalists are urging more costly mortgage bailouts to try to increase consumer spending, since they erroneously think that inadequate...
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Obama's Justice Department pressures banks to make risky loans

The recentfinancial crisis happened partly because of loosened lending standards, which resulted in risky loans to people with bad credit and no...
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Say goodbye to free checking, thanks to costly financial 'reform' law

“Say Goodbye to traditional free checking, as banks feel squeeze from new regulations,” reads the AP headline. “Free checking, a...
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Why your 401(k) shrank today

If your 401(K) has shrunken recently, it may be due to falling bank stocks, like Bank of America stock, which has fallen from over $19 a share to...
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