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If you’re not familiar with Mike Mayo, stay tuned. I’m working on a review of his new book. This is an interesting invterview from Bloomberg: Thanks to Ritholtz for the find.
This is good news (unless you’re a bank stockholder): Wells Says No to Debit Fees. The article also contained an interesting graphic that showed the expected quarterly revenue that will be lost due to the new debit card rules. Bank of America is expected to lose revenues $475 million per quarter while Wells Fargo and […]
It’s funny how one thing leads to another. After I posted The Secret of Oz last week, I went to check out Bill Still’s website, The Money Masters. It was there that I saw John Trumam Wolfe’s book, Crisis by Design: The Untold Story of the Global Financial Coup and What You Can Do About […]
Thanks to RetiredAt40 for the recommendation. Good stuff.
This is related to the video I posted the other day (if you haven’t watched the video, I urge you to do so as it is very interesting). I found this two step plan on the Money Masters website: The Two Step Plan to National Economic Reform and Recovery Step 1: Directs the Treasury Department […]
Front page in today’s WSJ was an article about how Bank of America is planning to start charging their customers $5 per month when they use their debit cards. Other banks are testing such fees. Why the new fee? According to the article, the fee is in response to a part in the Dodd-Frank Financial […]
Read this in this morning’s WSJ: For Lender, Foreclosure Has Become Dirty Word. It’s a nice story. It’s also made possible by the fact that the bank is small and it owns 75% of the mortgages it services. That’s the difference maker.
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