Banks love to offer "over draft protection" as a "service". In fact it is a disservice and a huge money maker. Instead of declining your credit/debit card for that cup of coffee, they pay it and charge you a fee. Basically a ultra-high interest loan. picked by 2manyusernames 8 months ago

“The Money Myth Exploded” was one of the first articles of Louis Even, and remains one of the most popular to explain how money is created as a debt by private banks. Also, mentions the basis of the philosophy of Social Credit. picked by TheAnt314 8 months ago

In the latest run-up in prices, Wall Street speculators - some of them recipients of billions of dollars in taxpayers' bailout money - may be to blame.Big Wall Street banks such as Goldman Sachs Group Inc., Morgan Stanley, and others are able to sidestep the regulations that limit investments in commodities such as oil, and they are investing on behalf of pension funds, endowments, hedge funds, a... read full post picked by TraumaMamma 6 months ago

According to MAPLight.org, congressfolks that voted "yes" to the bailout received 54% more campaign $$$ from banks than "no" voters picked by fugazi 1 year ago

Benedict says that "now with the collapse of big banks we see that money disappears, is nothing and all these things that appear real are in fact of secondary importance." He urges those who build their lives "only on things that are visible, such as success, career, money" to keep that in mind. picked by 2manyusernames 1 year ago

"A bailout at this stage would be the worst possible outcome for American taxpayers and mortgage holders, who have been paying a risk premium to these foreign investors. It would change the rules of the game retroactively and would directly subsidize the risks taken by sophisticated foreign investors.""A bailout of GSE bondholders would be perhaps the greatest taxpayer rip-off in A... read full post picked by siennablue 1 year ago

Now That Money's Being Distributed, Bailout Meant To Be Transparent Cloaked Under Veil Of Secrecy picked by chappy 1 year ago

Ok, Explain this to me. We let the Lehman Bros. fail. Then we bail out banks. We very well may let the automakers fail. And now we will bail out Citigroup.

Anyone else confused? picked by JoshSF49 1 year ago

For more than 10 years, Mitchell Kahle has spent only Godless money. Here’s what he says, “Using a red pen or stamp, I mark a circle and slash over the word “God” on every bill that passes my way. When I make a withdrawal from the bank ATM, I immediately “de-God” each of the crisp new $20s. picked by theamelianator 2 years ago

Setting up shop in Brazil is so much cheaper so lets take $1B of taxpayers money and spend it in Brazil helping their economy and allowing fewer Americans to be employed. picked by 2manyusernames 1 year ago

By Senior Economics Lecturer at Harvard University, Jeffrey Miron.

" The right view of the financial mess is that an enormous fraction of subprime lending should never have occurred in the first place. Someone has to pay for that. That someone should not be, and does not need to be, the U.S. taxpayer." picked by JoshSF49 1 year ago

Banks make billions of dollars every year on overdraft protection fees without having to disclose the fees or the service. With many like Bank of America being accused of monkeying with the procedures in order to collect more of the outlandish fees, this is a good thing. picked by bigirishdude 2 weeks ago

Banks around the world are facing insolvency. Canada's banks however, are not. Why are things different for them? picked by 2manyusernames 1 year ago

Everything you need to know about the global money "crisis" picked by bernardblack 1 year ago

Larry Flynt and "Girls Gone Wild" king Joe Francis head to Washington to seek a bailout for the struggling Porn Industry. "With all this economic misery and people losing all that money, sex is the farthest thing from their mind." picked by mattgup 11 months ago

What do you do on a slow work day? Well these people decided to have some fun with their coworkers and their money. And it turns out playing with your money can be very interesting. Look at how pictures you see everyday, takes on new life when you replace the top or the bottom half of the bills with your friends faces. Enjoy! picked by amabaie 7 months ago

The Paulson Plan is not technically a bailout. The government isn't just giving the banks billions of dollars, they are purchasing loans at pennies on the dollar. The Feds can pump up the economy, increasing the ability of the loans to be repaid and end up with a huge profit. picked by 2manyusernames 1 year ago

Earning real money playing online games? Confusing to say the least, but don’t be surprised if you start seeing Second Life Linden dollars and World of Warcraft Azerothian gold being traded on the stock market in a few years. Business savvy gamers have turned a handsome profit spending hours in front of their computer screens, defeating three-headed monsters and selling virtual real estate. picked by nightcrawlerx 6 months ago

This was passed last Wednesday with very little fanfare.

I don't know how I missed this .. you take a little break, and wham ... all hell breaks loose.Oh well, what's another 6 or 7 hundred billion. picked by siennablue 1 year ago

Putin took a few hours off from dealing with the financial crisis late last month to dance to hits like "Money, Money, Money" performed by the ABBA tribute band BjЪrn Again in a private concert for the prime minister and a group of friends, organizers of the show told The Moscow Times."Putin and his colleague friends were all dancing and getting involved with the choreography... read full post picked by Bornbad 10 months ago