What is a MAC Clause and Will it get BofA off the Hook?
Mystery of the MAC clause
What is this “MAC clause” business everyone is blogging about? Does it have to do with Apple computers? Macaroni and cheese? A department store cosmetics line?
Unfortunately, a MAC clause isn’t as much fun as any of those things. Unless, of course, your large financial institution stands [...]
Bank of America Shareholder Meeting | Will CEO Keep His Job?
Protesters are after Ken Lewis’ job
Not often does an annual bank shareholder meeting attract protests — or attention of any kind — but these are different times. Protesters gathered outside the Bank of America shareholder meeting today in North Carolina.
They were advocating firing Ken Lewis, Bank of America CEO.
Why fire [...]
Workers Make Less Than in 1973 | Need a Payday Loan?
You’ll need a payday loan after this
Why do people look for a payday loan now and then? It’s not just because it’s a fast, convenient and discreet way to obtain emergency cash. The simple fact is that the cost of living has made it difficult for many American families to [...]
Payday Loans and other things keep you accountable
Rules should apply to everyone
Image via Wikipedia
Accountability is a burden that has to be shouldered by every responsible adult, whether it is handling your finances well through payday loans or keeping up with your budget. You also have to be accountable in the workplace. If you don’t discharge your duties [...]
Payday Loans for the Masses, but No Paydays for the executive crowd
The current economic situation has many seeking out financial assistance in the guise of payday loans, but other people are looking for bigger paydays where they perhaps shouldn’t be. The near collapse of the banking, credit, and investment industries has suddenly cast doubt and a lot more attention on the [...]
Wall Street firms at center of bailout are big donors, I’d rather have payday loans
Some state regulators, recognizing early signs of trouble in housing markets, sought help from Congress when the Bush administration adopted rules barring states from enforcing tough laws targeting predatory lending – the practices that were enabling unqualified applicants to obtain subprime mortgages. With Wall Street serving a [...]
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