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Executives from the financial institutions who received funds from the 0 billion banking bailout faced their critics on the House Financial Services Committee on Wednesday February 11, 2009 in Washington. The chief executives at the hearing are: Kenneth D. Lewis of Bank of America, Robert P. Kelly of Bank of New York Mellon, Vikram Pandit of Citigroup, Lloyd C. Blankfein of Goldman Sachs, Jamie Dimon of JPMorgan Chase, John J. Mack of Morgan Stanley, Ronald E. Logue of State Street, and John G. Stumpf of Wells Fargo. Their silent response to the questioning tells the whole story. Since this time, these companies have offered little relief to consumers. In fact, they have raised rates on millions of more Americans to help pay for growing credit card losses. The apathy of the American public to this additional “taxation” by the banks is beyond belief. Add to this the fact that Executive pay at the banks is going back up in 2009 (NYTIMES APRIL 25th 2009), and you see we are no longer a nation that believes in “United We Stand,” but rather “Everyman for Himself.”
Good Morning. It’s Monday, April 11, 2011. At this hour, US equity futures are up. Overseas, the Asian markets were mixed, while the European markets are mixed. City National (CYN) acquires deposits and assets of Nevada Commerce Bank… Rhino Resource Partners (RNO) to resume production at Eagle No. 1 in Bolt, WV… LDK Solar (LDK) announces M investment in new manufacturing line to produce silane gas in its Mahong Plant… and finally Integra LifeSciences (IART) receives FDA approvals for spinal devices.
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When shopping for a home equity line of credit, it’s important to talk to two or three different banks to see what terms they can offer. Find out how banks tie their home equity lines to prime rates withhelp from a financial specialist in this free video on home loans and money management. Expert: Matthew McKillen Contact: www.innovativefg.com Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients. Filmmaker: Christopher Rokosz
