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POPSReport: 237 millionaires in Congress
Senators’ estimated median reportable worth sunk to about $1.79 million from $2.27 million in 2007. The House’s median income was significantly lower and also sank, bottoming out at $622,254 from $724,258 in 2007. But CRP’s analysis suggests that some lawmakers did well for themselves between 2007 and 2008, even as many Americans lost jobs and saw their savings and their home values plummet. Senate Minority Leader Mitch McConnell (R-Ky.) gained about $9.2 million. Sen. James Inhofe (R-Okla.) gained about $3 million, Sen. Daniel Inouye (D-Hawaii) had an estimated $2.6 million gain, and Richard Shelby (R-Ala.) gained about $2.8 million. Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America. Vice President Joe Biden has often tagged himself as an original blue collar man. The CRP backs him up, putting his net worth at just $27,000.
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POPSGovernment Owned and Operated AIG Failing Another example of what happens when government sticks its nose into private industry. FAILURE! AIG was failing before US taxpayers were forced to bail them out, and guess what they are still failing. How much more taxpayer money is going to be needed to continue to prop up this failed company? And OBAMA wants to run our health care! GET REAL!
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POPSWells Fargo @ Pissed Consumer Wells Fargo Complaints: Company specializes in retail banking, consumer finance, corporate banking, provides investments, insurance, mortgages and many other banking products packages.
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POPSMo Money This is one of many articles that mentions the lack of stringency in the tests and therefore the lack of significance of the findings.
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POPSGreat Financing Available Home Theater Integrators has special financing offers from Mitsubishi, WELLS FARGO etc. Apply and manage your account online and benefit from being a Mitsubishi card holder…
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POPSWells Fargo announces record earnings. WTF? Something about this strikes me as really odd. In the past quarter, when were told 100x that the economy was on the brink of collapse and the government continued distributing massive amounts of money to major banks and other corporations, Wells Fargo had it's best quarter ever???
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POPSMarket Rebound: Bank Stocks Soar, Gold Down, Dollar Down, Oil Up Based on housing increase and Toxic Asset Liquidation plan, yet links from Bloomberg show hot debate on whether that is good or not. The free market would have thrown up on its own, purging the toxic assets by the failure of the banks holding them, instead of the expensive financial "surgery" from Geithner (which bails out his bank friends) to remove them with this plan. This plan is enormously expensive to achieve the same results. Look at the huge stock rise on the banks. Bloomberg also says the dollar weakened on this, as well as oil increasing and gold declining.
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POPSEconomists: AIG Bonus Scandal Reason To Question Obama's Leadership Tumult over AIG bonuses eroding confidence, economists say Political uproar over payouts gives investors reason to question leadership "What Congress has said is that 'We will be an irrational-acting partner,' " said John Canning, chairman of Chicago-based private-equity firm Madison Dearborn Partners. "It dissuades anybody from taking on a relationship with the government." Mark Zandi, chief economist at Moody's Economy.com, is also concerned: "The AIG debacle could be a very serious impediment to making the banking solution work." It's critical, said Scott Anderson, chief economist for Wells Fargo Bank in Minneapolis, for policymakers to keep focused on repairing the damaged economy. "The house is still on fire," he said. http://www.chicagotribune.com/business/chi-sat-economymar21,0,4814131.story
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POPS Bill To Make Mexican ID Official The group points out that the FBI has deemed the Matricula an unreliable form of identification with no viable security features. Only one state (Nevada) allows public notaries to accept the Mexican cards as official identification but several major U.S. banks—Wells Fargo and Bank of America, among them—have for years accepted them to open accounts. The Mexican cards have also been used by millions of illegal immigrants to obtain fraudulent home mortgages, according to the U.S. Department of Housing and Urban Development.
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