Turner Radio Network Part 2 | Bank Stress Test Results
Big five in big trouble
As I reported in Turner Radio Network Part 1, the U.S. Treasury has said that the bank stress test results are not in yet. However, Turner Radio Network published on its blog what it says are the results of the tests conducted on the 19 biggest [...]
JPMorgan Chase Says it Can Pay Back Treasury
Bank’s profit falls 10 percent
JPMorgan Chase & Co posted a lower profit this quarter than it did a year ago. Nonetheless, it says it will pay back $25 billion in TARP funds as soon as possible. Though it posted a profit loss, it wasn’t as big a drop as analysts [...]
Should payday loan rules apply to government bailouts?
Unlike payday loan recipients, who must pay back their emergency cash by a specified date, the banks who received bailout money aren’t being held accountable.
Image by Tracy O via Flickr
Individuals who get small amounts of emergency cash through a payday loan are required to pay it back as soon as [...]
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