chipsp.blogspot.com
ChiPsP: Buffett's $50 million credit card blunder
http://chipsp.blogspot.com/2010/02/buffetts-50-million-credit-card-blunder.html
Sunday, February 28, 2010. Buffett's $50 million credit card blunder. Peddling credit cards isn't so easy that a caveman can do it. That seems to be the conclusion Berkshire Hathaway (BRKA, Fortune 500) chief executive Warren Buffett reluctantly reached last year, when he shut down a money-losing credit card business he had dreamed up for Berkshire's Geico car-insurance unit. Geico has been expanding fast - it has added 4 million policyholders since 2002 and is now the top car insurer in New York, among ...
chipsp.blogspot.com
ChiPsP: July 2009
http://chipsp.blogspot.com/2009_07_01_archive.html
Sunday, July 12, 2009. White House pushes investor protection. The Obama administration on Friday proposed legislation to strengthen the Securities and Exchange Commission's investor protection authority, including the power to ban certain forms of compensation for brokers and investment advisers. The bill comes just days after the administration proposed a new agency that would get sweeping powers to protect consumers on many financial products that fall outside of the SEC's jurisdiction. The bill would...
chipsp.blogspot.com
ChiPsP: Bernanke: Fed should oversee all banks
http://chipsp.blogspot.com/2010/03/bernanke-fed-should-oversee-all-banks.html
Saturday, March 20, 2010. Bernanke: Fed should oversee all banks. As Congress considers limiting the Federal Reserve's regulatory authority to just the country's largest bank holding companies, Fed Chairman Ben Bernanke reiterated on Saturday that the central bank should retain power over banks of all sizes. 0:00 /6:35Chris Dodd on financial reform. Although it was not the case in the current crisis, instability can be generated by small institutions as well as by large ones- as occurred in the Great Dep...
chipsp.blogspot.com
ChiPsP: October 2009
http://chipsp.blogspot.com/2009_10_01_archive.html
Friday, October 30, 2009. CIT's fate still hangs in the balance. Small business lender CIT Group said Friday it was awaiting the outcome of a key bondholder vote that could ultimately push the troubled firm to file for bankruptcy. Creditors have been wrestling over whether to approve a restructuring plan proposed by the New York City-based firm earlier this month that is aimed at clearing out $5.7 billion in debt. Separately, the company revealed in a filing with the Securities and Exchange Commission Fr...
chipsp.blogspot.com
ChiPsP: July 2010
http://chipsp.blogspot.com/2010_07_01_archive.html
Saturday, July 24, 2010. When will unemployment checks be mailed? Evin Landry had to give up his San Diego apartment because he couldn't afford the rent after his federal unemployment benefits were cut off in early June. Since then, Landry and his cocker spaniel, Curley, have been sleeping in his 1991 Dodge Dakota in a church parking lot. He sold his possessions and applied for food stamps in order to survive. But just when the checks start hitting bank accounts and mailboxes again depends on the state.
chipsp.blogspot.com
ChiPsP: When will unemployment checks be mailed? Not soon
http://chipsp.blogspot.com/2010/07/when-will-unemployment-checks-be-mailed.html
Saturday, July 24, 2010. When will unemployment checks be mailed? Evin Landry had to give up his San Diego apartment because he couldn't afford the rent after his federal unemployment benefits were cut off in early June. Since then, Landry and his cocker spaniel, Curley, have been sleeping in his 1991 Dodge Dakota in a church parking lot. He sold his possessions and applied for food stamps in order to survive. But just when the checks start hitting bank accounts and mailboxes again depends on the state.
chipsp.blogspot.com
ChiPsP: February 2010
http://chipsp.blogspot.com/2010_02_01_archive.html
Sunday, February 28, 2010. Buffett's $50 million credit card blunder. Peddling credit cards isn't so easy that a caveman can do it. That seems to be the conclusion Berkshire Hathaway (BRKA, Fortune 500) chief executive Warren Buffett reluctantly reached last year, when he shut down a money-losing credit card business he had dreamed up for Berkshire's Geico car-insurance unit. Geico has been expanding fast - it has added 4 million policyholders since 2002 and is now the top car insurer in New York, among ...
chipsp.blogspot.com
ChiPsP: March 2010
http://chipsp.blogspot.com/2010_03_01_archive.html
Saturday, March 20, 2010. Bernanke: Fed should oversee all banks. As Congress considers limiting the Federal Reserve's regulatory authority to just the country's largest bank holding companies, Fed Chairman Ben Bernanke reiterated on Saturday that the central bank should retain power over banks of all sizes. 0:00 /6:35Chris Dodd on financial reform. Although it was not the case in the current crisis, instability can be generated by small institutions as well as by large ones- as occurred in the Great Dep...
chipsp.blogspot.com
ChiPsP: November 2009
http://chipsp.blogspot.com/2009_11_01_archive.html
Thursday, November 26, 2009. Fending off empty holiday shelves. With sales slow and credit tight, small merchants are scrambling to stock their shelves for the year's biggest shopping season. Retailers traditionally borrow money to buy holiday inventory. But credit for small businesses has dried up this year, and with the recession slowing sales, few merchants have cash on hand. The crunch is forcing business owners to find new ways to keep running. On Monday, Seedco staffers started delivering checks...
chipsp.blogspot.com
ChiPsP: Renting: The new American dream?
http://chipsp.blogspot.com/2010/04/renting-new-american-dream.html
Saturday, April 17, 2010. Renting: The new American dream? The American dream of home ownership has turned out to be the American nightmare for those who could never really afford a home in the first place. Many borrowers are now in deep trouble as home prices have plummeted and the payments on bubble-era adjustable rate mortgages have shot up. Foreclosures are still continuing at an alarming pace. It seems many people are in fact coming to the realization that, for now at least, it makes more sense to r...
