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POPSBecome a Bank Holding Company Like them, I’ve got some bad loans out there, and I’m suffering from “market turbulence.” My nephew is into me for two grand on a college loan, and he can’t seem to get a job that doesn’t require a hair-net. Meanwhile, my bartender at the Chug-a-Lug will testify that I’m behind on my bar tabs because of the “unusual and exigent circumstances” roiling financial markets. That’s the very line that American Express used to get its snout into the public trough, so why not me?
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POPS www.superdeallist.com - provides easy,personalized tool to compare and find best reward credit ca superdeallist.com has the best tool to navigate the credit card jungle,and find the best reward card for our personal spending situation.There is no reason not to use a reward credit card.The savings could be very significant.And if we don’t,we’re effectively subsidize the ones who do use and get rewards.credit card companies make their money through merchant fee,and through interest charges if the balance isn’t paid off.They’re just taking portion of those money and giving back in the form of rewards,so we should take them.More best practices can be seen at superdeallist.com
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POPSObama's Pick for Chief of Staff. . . . . . 
. . . . . .Tops Recipients of Wall Street Money . . . . . Emanuel, who is currently the No. 4 Democrat in the House, has also collected $136,640 from the lobbying industry during his career, making K Street his 13th most generous industry. Since being elected to the House six years ago, he has collected $1.5 million from the investment industry , with lawyers and law firms and the entertainment industry coming in at a distant second and third place ($682,900 and $376,100). As a member of the powerful House Ways & Means Committee--which has jurisdiction over tax legislation, Social Security, Medicare and other entitlement programs--Emanuel is a popular industry target. Private equity firm Madison Dearborn Partners has given Emanuel more than any other contributor over his career at $93,600. Emanuel and Obama have more than just Chicago in common; investment bank UBS, Goldman Sachs, JP Morgan Chase, Citigroup and Morgan Stanley are among both men's lists of top donors .
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POPSNow it's "Cool America" "I think that the election of Senator Obama would send an extraordinary signal to the rest of the world," the former head of Britain's Conservative Party said, describing an Obama victory as "the most powerful declaration of what America at its best has stood for - the most globalized country in the world - because America is made up of the rest of the world."
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POPSLoan officers @ WaMu pressured to approve loans "No matter what" This is what people mean by "predatory lending". The whole industry went out looking for people who didn't qualify to give loans to. At the same time, they helped rewrite the bankruptcy laws to make it harder for people to get out from under crushing debt. See also: - In Debt We Trust - Where Does Money Come From?
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POPSThe "Bailout" & The Banking Industry's Dirty Little Secret . . . . still struggling. And I would not assume that we are done on the acquisition side just because of the Washington Mutual and Bear Stearns mergers. I think there are going to be some great opportunities for us to grow in this environment, and I think we have an opportunity to use that $25 billion in that way and obviously depending on whether recession turns into depression or what happens in the future, you know, we have that as a backstop.” Read that answer as many times as you want — you are not going to find a single word in there about making loans to help the American economy. On the contrary: at another point in the conference call, the same (anonymous) executive explained that “loan dollars are down significantly.” He added, “We would think that loan volume will continue to go down as we continue to tighten credit to fully reflect the high cost of pricing on the loan side.” In other words JPMorgan has no intention of turning on the lending spigot.
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POPSDon't blame deregulation Indeed, exactly contrary to Obama’s claims, the repeal of Glass-Steagall has helped to counter the current crisis. It allowed Bank of America to buy out Merrill Lynch, JP Morgan Chase to buy out Bear Stearns, and Barclays Bank to work on buying up the remains of Lehman Brothers. It allowed investment banks Goldman Sachs and Morgan Stanley to take up refuge as bank holding companies. If investment banks Bear Stearns and Lehman Brothers had diversified more into commercial banking, taking commercial deposits — as the Act’s repeal made possible — that might have provided them with the superior capital cushions needed to survive.
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POPSTaxpayers Likely Profit Hank is getting us a nice dividend on the money we invest in Wall Street. He's also likely buying at the bottom (even if one or two banks don't make it). This, of course, all depends on whether the cash infusion actually gets banks to lend.
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POPSFinancial Crisis: The Great Bank Bailout The nine banks had "no choice" as the federal government (with money created by the Fed from thin air) is buying a portion of these banks, injecting cash into them to ease credit. This is a partial government takeover or pseudo-nationalization of these banks, also being done in the UK and Europe.
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