They laid off 7,000 in 2023.... (They are laying off even more people and expect pay out $1 Billion + in severance pay) The company is paying $1.7 Billion in addition to an addtional $1.6 Billion they paid and counted as losses .... Let's see? That add's up to about … [Read more...] about Citigroup Bank cutting 20,000+ jobs due to loses…..
Banks
Nancy Pelosi wants ur bank to tell the IRS what you do in your account….
Love ya Nancy.... But this is definitely NOT something I would like to see happen.... Actually if I could vote for you and this came to be? You would lose my vote.... (And Biden might also) I actually do NOT see this going any place even if they raise the trigger … [Read more...] about Nancy Pelosi wants ur bank to tell the IRS what you do in your account….
Pelosi drops Republican’s Jordan and Banks picks from House Capitol Protest Review Committee…
HOT DAMN! The House Speaker Pelosi signals she's not gonna let Republicans put two of their party members on the select House committee to write a report on the Capitol protest that had her and other lawmakers in danger.... Props to the Speaker..... And a throwback at … [Read more...] about Pelosi drops Republican’s Jordan and Banks picks from House Capitol Protest Review Committee…
Warren to sit on US Senate committee that deals with Taxes and Finance….
The business world KNEW this was coming..... But remember.... President Biden needs a growing economy with an increase in business employment .... Sen. Elizabeth Warren (D-Mass.) will join the Senate Finance Committee, giving her a prominent platform to push forward … [Read more...] about Warren to sit on US Senate committee that deals with Taxes and Finance….
Biden transition financial wizards are Obama era regulators….
Joe Biden won't rattle the banks and financial people too hard due to the economy.... But the people he is recruiting are old hands and they are polar opposites of Trump & Co.....Some will be from the 2008-2009 comic meltdown and they will need that experience to deal with … [Read more...] about Biden transition financial wizards are Obama era regulators….
Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
The former Democratic Massachusetts Senator now sits on the board of a Bank.... He correctly points out that Warren would probably send the Stock Market and Bank's into downturn if she was appointed to the position... She IS a bankruptcy expert and NO friend the big banks … [Read more...] about Barney Frank does NOT want to see Elizabeth Warren as Biden’s Treasury Sec…
US Banks increase their rainy day money reserves….
Figuring that right after Donald Trump leaves the stage? (Trump wants MORE tax cuts which would cut even MORE incoming revenue for Social Security and Medicare?) The same thing that greeted Joe Biden's boss President Obama? when Bush II left The US Economy landing in … [Read more...] about US Banks increase their rainy day money reserves….
Home mortgage payments begin to fall behind….
Not working....Less money? Ya eat.... You do NOT pay the mortgage... Last time the American economy tanked? It was the housing/real estate market.... And that took years to come back... This economy drop is way worst.... Delinquencies on home mortgages spiked … [Read more...] about Home mortgage payments begin to fall behind….