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….
Banks
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….
Joe Biden want’s more stimulus money…With more oversight…
He joins the Democratic chorus looking to send money to the states and cities like he and President Obama did in 2009 to handle that recession... Trump & Co., with Democratic approval, have been more about sending money to businesses, except for the $1,200 sent to average … [Read more...] about Joe Biden want’s more stimulus money…With more oversight…
The Bank can sent your virus check money to someone u own money to…
Just a reality 'check' for those waiting for a government check that you ain't gonna get.... Judgement's against you reported to the bank come before you getting the money... This week, the $1,200 CARES Act payments Congress approved in response to the coronavirus crisis will … [Read more...] about The Bank can sent your virus check money to someone u own money to…
Warren is out with a wide ranging government anti-corruption plan….
The Senator is single handily out to wipe out influence from the banks, big business and big tech... In this role out she seeks to make it illegal for government and legislative people to accept just about anything from those organisations .... The chances for this is … [Read more...] about Warren is out with a wide ranging government anti-corruption plan….
To understand the brutality of American capitalism, you have to start on the plantation…
A New York Times piece that looks at capitalism and workers rights and the idea of slavery.... A couple of years before he was convicted of securities fraud, Martin Shkreli was the chief executive of a pharmaceutical company that acquired the rights to Daraprim, a lifesaving … [Read more...] about To understand the brutality of American capitalism, you have to start on the plantation…