Bankruptcy Blogs

Ever Wonder Why Credit Card Companies Can Charge Such High Interest Rates?

03/14/13

By Ryan C. Wood The short answer is because corporate profits and corporations in general are favored over protecting the individual from harm these days.  Below is only one court decision in the long dismantlement of individual rights in favor of corporate rights.  Every state, well, every state used to have usury laws.  Have you [...]

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Ironicality Alert

03/13/13

The FT has an interesting piece on the UK Insolvency Service's ... lack of funds.

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Mobile Banking Will Help the Poor Prosper

03/13/13

Empowering the unbanked to save and invest in themselves and others, through technology as simple as text- or Tweet-to-pay, will create opportunities to get people out of poverty.

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More Enforcement Actions Are Coming

03/13/13

Risk management issues, fair lending infractions, money laundering violations and civil money penalties will remain on regulators' radars in 2013.

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The Daily Docket: Lehman Balks at J.P. Morgan’s Bid to Block ‘Whale’ Probe

03/13/13
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The sniping over Lehman Brothers Holdings Inc.’s attempt to question the trader known as the “London Whale” over derivatives hedges resumed Tuesday, with the failed investment bank criticizing what it says

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SEC Nominee Sails Through Confirmation Hearing; Cyberattack Watch

03/13/13

Receiving Wide Coverage ...

The Mary Jo White Hearing: "Not a single senator voiced even slight opposition to President Obama's pick to head the Securities and Exchange Commission," the Post reports, despite what the Journal described as "pointed questions from lawmakers about whether her time spent defending Wall Street banks would impinge on her ability to police Wall Street." Importantly, Mary Jo White indicated flexibility on reforming money market funds, telling the Senate Banking panel that...

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TBTF or Maybe WT-?

03/12/13

So the financial industry got a surprising amount of press over their obviously ridiculous statement that too big to fail no longer exists.

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