Archive for the 'Banks' Category
In the fall of 2008, a credit squeeze ballooned into Wall Street’s biggest crisis since the Great Depression. As hundreds of billions in mortgage-related investments went bad, mighty investment banks that once ruled high finance crumbled or reinvented themselves as commercial banks. The nation’s largest insurance company and largest savings and loan were seized by the government. Only the passage by Congress of a $700 billion bailout plan in October 2008 and actions by the Federal Reserve to pump money into the system headed off a full-scale meltdown. Read the rest of this entry »
You know all those bad things ….you’ve always heard about bankruptcy. Most of it is NOT TRUE….and I’ll prove it….right here…right now.Here are the Top 16 Myths your creditors want you to believe…and the reason why every one of them is NOT TRUE. Read the rest of this entry »
Though they make up less than five percent of the roughly $4 trillion federal budget, the salaries and health and retirement benefits for members of Congress and other government employees have become a target of many of those looking to slash government costs. Read the rest of this entry »
With environmental sustainability being the mantra of the age, a lot of effort is being put on the preservation of the environment. Global leaders have all tried hard to make the world a better place to live in and green accounting or environmental accounting, as it is popularly called, is a foster child of this very effort.
The 1099K is one of the most contentious tax forms in recent memory. We’ve done what we can to demystify it for the tax-paying public, but there are still lingering questions. Read the rest of this entry »
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