Ordinary Americans lack the power to hurt the big banks
By Martha C. White
Sunday, January 10, 2010
Arianna Huffington is mad as hell and not going to take it anymore -- or doesn't think you should. The woman behind the Huffington Post recently exhorted Americans to yank their money out of big banks and open accounts at community banks instead. She called out the Big Four -- Bank of America, Citi, J.P. Morgan Chase and Wells Fargo -- by name for their "slap in the face to taxpayers." The crusade includes a link to a new Web site called Move Your Money, which includes clips from "It's a Wonderful Life" and a tool for finding a new bank courtesy of Institutional Risk Analytics.
Strong funds the hedge against a weak dollar
By Steven Goldberg
Sunday, January 10, 2010
U.S. consumer and government debt levels are at all-time highs, and our economic recovery is sluggish. Many developing nations, by contrast, are growing rapidly and running budget surpluses. Over the long term, the dollar seems bound to weaken and emerging-markets currencies seem destined to strengthen.
IRS should regulate all tax-return preparers
By Michelle Singletary
Sunday, January 10, 2010
Maybe it's just me, but when I see the word "all," I assume it means all-inclusive.
Recently, the Internal Revenue Service announced a major initiative to bring greater scrutiny to the tax-preparation industry. IRS Commissioner Doug Shulman wants paid tax preparers to be tested for competency and required to take continuing-education courses.
Federal Reserve earned $45 billion in 2009
By Neil Irwin
Washington Post Staff Writer
Tuesday, January 12, 2010
Wall Street firms aren't the only banks that had a banner year. The Federal Reserve made record profits in 2009, as its unconventional efforts to prop up the economy created a windfall for the government.
On top of credit score, retail credit lines now ask for income, asset data
By Ylan Q. Mui
Washington Post Staff Writer
Wednesday, January 13, 2010
Consumers will have to divulge more personal information to apply for store credit cards -- possibly putting the brakes on so-called instant credit -- under sweeping industry reforms finalized by the Federal Reserve on Tuesday.
Top public universities faulted on financial aid
By Jenna Johnson
Thursday, January 14, 2010
Many of the nation's top public universities are giving millions of dollars in financial aid to students from relatively wealthy families instead of to those who urgently need it, resulting in campuses that are often less diverse than those at elite private schools, a new report says.
Maryland tops states on education report card
By Valerie Strauss
Washington Post Staff Writer
Thursday, January 14, 2010; 12:15 AM
The nation earned a C on the 14th annual Education Week report card, which measures how well states have delivered a high-quality education to all students, with Maryland earning the best overall grade of any state and Virginia placing in the top five, with a B minus.
In Capitol Hill hearing, bankers remain torn on their role in crisis
By Brady Dennis
Washington Post Staff Writer
Thursday, January 14, 2010
A year after the financial system nearly went over the brink, the congressional commission investigating the roots of the crisis confronted four of the world's most powerful bankers on Wednesday and challenged them to take more responsibility for their role in upending the global economy.
Fed's 'beige book' shows modest improvement in economy
By Renae Merle
Washington Post Staff Writer
Thursday, January 14, 2010
The economy's modest recovery broadened during the last months of 2009 with the help of an uptick in home sales and improvements in the manufacturing sector, according to a Federal Reserve report issued Wednesday. The report also reinforces that the weak labor market continues to be a drag on the economic rebound.
Obama plan to tax large financial firms designed to pay for TARP losses
By Binyamin Appelbaum
Washington Post Staff Writer
Friday, January 15, 2010
President Obama proposed a new tax Thursday to collect an estimated $90 billion over the next decade from 50 companies that he called responsible for driving the nation into economic crisis.
Leaders of SEC and FDIC say agencies' failings contributed to financial crisis
By Brady Dennis
Washington Post Staff Writer
Friday, January 15, 2010
Two top federal regulators said Thursday that their agencies had fallen short in the run-up to the financial crisis, in part because thriving mortgage markets and soaring Wall Street profits created a false sense of security.
By Martha C. White
Sunday, January 10, 2010
Arianna Huffington is mad as hell and not going to take it anymore -- or doesn't think you should. The woman behind the Huffington Post recently exhorted Americans to yank their money out of big banks and open accounts at community banks instead. She called out the Big Four -- Bank of America, Citi, J.P. Morgan Chase and Wells Fargo -- by name for their "slap in the face to taxpayers." The crusade includes a link to a new Web site called Move Your Money, which includes clips from "It's a Wonderful Life" and a tool for finding a new bank courtesy of Institutional Risk Analytics.
Strong funds the hedge against a weak dollar
By Steven Goldberg
Sunday, January 10, 2010
U.S. consumer and government debt levels are at all-time highs, and our economic recovery is sluggish. Many developing nations, by contrast, are growing rapidly and running budget surpluses. Over the long term, the dollar seems bound to weaken and emerging-markets currencies seem destined to strengthen.
IRS should regulate all tax-return preparers
By Michelle Singletary
Sunday, January 10, 2010
Maybe it's just me, but when I see the word "all," I assume it means all-inclusive.
Recently, the Internal Revenue Service announced a major initiative to bring greater scrutiny to the tax-preparation industry. IRS Commissioner Doug Shulman wants paid tax preparers to be tested for competency and required to take continuing-education courses.
Federal Reserve earned $45 billion in 2009
By Neil IrwinWashington Post Staff Writer
Tuesday, January 12, 2010
Wall Street firms aren't the only banks that had a banner year. The Federal Reserve made record profits in 2009, as its unconventional efforts to prop up the economy created a windfall for the government.
On top of credit score, retail credit lines now ask for income, asset data
By Ylan Q. Mui
Washington Post Staff Writer
Wednesday, January 13, 2010
Consumers will have to divulge more personal information to apply for store credit cards -- possibly putting the brakes on so-called instant credit -- under sweeping industry reforms finalized by the Federal Reserve on Tuesday.
Top public universities faulted on financial aid
By Jenna Johnson
Thursday, January 14, 2010
Many of the nation's top public universities are giving millions of dollars in financial aid to students from relatively wealthy families instead of to those who urgently need it, resulting in campuses that are often less diverse than those at elite private schools, a new report says.
Maryland tops states on education report card
By Valerie Strauss
Washington Post Staff Writer
Thursday, January 14, 2010; 12:15 AM
The nation earned a C on the 14th annual Education Week report card, which measures how well states have delivered a high-quality education to all students, with Maryland earning the best overall grade of any state and Virginia placing in the top five, with a B minus.
In Capitol Hill hearing, bankers remain torn on their role in crisis
By Brady Dennis
Washington Post Staff Writer
Thursday, January 14, 2010
A year after the financial system nearly went over the brink, the congressional commission investigating the roots of the crisis confronted four of the world's most powerful bankers on Wednesday and challenged them to take more responsibility for their role in upending the global economy.
Fed's 'beige book' shows modest improvement in economy
By Renae Merle
Washington Post Staff Writer
Thursday, January 14, 2010
The economy's modest recovery broadened during the last months of 2009 with the help of an uptick in home sales and improvements in the manufacturing sector, according to a Federal Reserve report issued Wednesday. The report also reinforces that the weak labor market continues to be a drag on the economic rebound.
Obama plan to tax large financial firms designed to pay for TARP losses
By Binyamin Appelbaum
Washington Post Staff Writer
Friday, January 15, 2010
President Obama proposed a new tax Thursday to collect an estimated $90 billion over the next decade from 50 companies that he called responsible for driving the nation into economic crisis.
Leaders of SEC and FDIC say agencies' failings contributed to financial crisis
By Brady Dennis
Washington Post Staff Writer
Friday, January 15, 2010
Two top federal regulators said Thursday that their agencies had fallen short in the run-up to the financial crisis, in part because thriving mortgage markets and soaring Wall Street profits created a false sense of security.
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