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Responding to U.S. Rep. Brown-Waite's recent article in the Dec. 20 edition, it appears she is continuing her onslaught to be re-elected again to a fourth term in the U.S. Congress. She is also mailing correspondence to numerous constituents throughout her assigned district calling attention to her bid for re-election. Upon reading her article, I had to read it several times which in my opinion amounted to political psycho-babble concerning her alleged accomplishments. ...more
December 24, 2009
President Barack Obama will discuss the economy, lending to small businesses and financial regulation when he sits down at the White House with representatives of a dozen small and community banks. ...more
December 22, 2009
President Barack Obama outlined major new government stimulus and jobs proposals on Tuesday, saying the nation must continue to "spend our way out of this recession." ...more
December 8, 2009
Under heavy pressure to get Americans back to work, President Barack Obama on Monday suggested using a suddenly available pot of money left over from the government's bank bailout to help create more jobs. ...more
December 8, 2009
The American Bankers Association meetings in Chicago during late October drew a surprising variety of protesters. These ranged from unions to civic groups, political activists and even a person in a Downsized Man superhero costume. With the ABA in focus, I add my perspective and that of many other millions of American savers who decry the historically abysmal interest rates paid on savings. As banks grow healthier, the return on my savings just gets more anemic. ...more
November 28, 2009
I am happy to see a reader (B. Flanagan, Nov. 2) admitting he voted to make Barack Obama president. I am also happy to see he admitted that "they" forgot what it takes to make a change and correct what "they" think are mistakes of the past. ...more
November 3, 2009
Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions nationwide have collapsed under the weight of soured real estate loans and the Great Recession. ...more
October 24, 2009
Federal Reserve Chairman Ben Bernanke prodded Congress on Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. ...more
October 24, 2009
WASHINGTON (AP) — President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks. ...more
October 20, 2009
Rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and overseers, regulators said Wednesday. ...more
October 15, 2009
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