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Newest credit card trick? 79.9 percent interest - Personal finance- msnbc.comA credit card with an interest rate of 79.9 percent is how First Premier Bank, a subprime credit card issuer, is skirting new regulations intended to curb abusive practices in the industry. That's right. 79.9 percent APR. It's a strategy other subprime card issuers could start adopting to get ...
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Naked access now 38 percent of U.S. trading: report | ReutersA report says that 38 percent of all U.S. stock trading is now done by firms that have "naked sponsored access" to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown. Naked access gives trading firms, using brokers' licenses, ...
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100-year-old child molester to be freed - Crime & courts- msnbc.comBUFFALO, New York - Everything that pedophile Theodore Sypnier has to show for his 100 years on Earth is packed in a single duffel bag as he prepares to begin a new chapter in life: freedom. It's a chapter that prosecutors, judges and others who know him never wanted — or expected — to see written. ...
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Fed Needs To 'Start Giving A Red Hot Damn About The American Public,' Says Sen. WhitehouseTwo days before Ben Bernanke's confirmation hearing, most Democrats on the Senate Banking Committee are withholding judgment, waiting to hear directly from the chairman of the Federal Reserve. Given the depth of the ongoing economic crisis, the hearing promises to be a lively one, as senators ...
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Changes to USPS Letters to Santa program upend charities' plans - Yahoo! NewsA US Postal Service revision to its decades-old Letters to Santa program has some charities scurrying to figure out if and how they can continue giving to needy people who write in to ask for help. Take organizers of a holiday benefit at Chicago's famed Second City theater. For each of the past ...
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5 weeks ago
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Morgan Stanley CEO loves regulators - seriously -- DailyFinanceSpeaking Wednesday at a conference sponsored by Bloomberg News and Vanity Fair, Mack seemed to wish more regulators were camped out in his New York-based firm, watching its every move. He'd better hope that the Business Roundtable and the U.S. Chamber of Commerce don't get wind of his heresy. ...
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7 weeks ago
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How Fed missed chance to take tough line on AIG - Nov. 16, 2009Federal regulators, in rushing to rescue AIG, failed to use their clout to negotiate concessions from business partners of the troubled insurer, a bailout overseer said on Monday. After the housing bubble burst in summer 2007, the value of subprime home mortgages began to tumble. AIG insured ...
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SEIU's Andy Stern to lead Goldman Sachs protest - Victoria McGrane - POLITICO.comGoldman Sachs CEO Lloyd Blankfein may have had his tongue in his cheek when he said his bankers were doing “God’s work,” but the company’s critics aren’t laughing. In fact, a couple hundred of them — led by Service Unions International Union president Andy Stern — plan to gather outside of ...
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Intel to pay AMD $1.25 billion as companies end litigation war; Is it a new chip era? | Between the Lines | ZDNet.comIntel and AMD on Thursday said they will settle all legal disputes, including antitrust litigation, for $1.25 billion. AMD CEO Dirk Meyer said the settlement ushers in a “new era” in the chip industry. But Intel CEO Paul Otellini was a bit defiant in a conference call this morning, saying that ...
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Madam Slams Eliot Spitzer's Talk at Harvard Ethics Center -- Sphere News, Opinion and AnalysisAn unlikely speaker is set to deliver a talk Thursday at Harvard University's center for ethics: Eliot Spitzer, the disgraced former governor of New York. As attorney general of New York, Spitzer had a reputation for cracking down on white-collar crime. He was elected governor but lasted only ...
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