Category: Credit Card Companies
By Larry Doyle on Aug 21, 2009 in Banks, Citigroup, Credit Card Companies, Economy, Sense on Cents (Larry Doyle blog) | 8 Comments
When a company, which is a ward of the state, increases credit card fees can it be said to be the equivalent of a tax increase? I believe it can. In that vein, Citigroup is raising taxes on its credit cards by initiating annual fees. The Wall Street Journal highlights this development and reports Citigroup [...]
By Larry Doyle on Jul 18, 2009 in Banks, Credit Card Companies, Current Affairs, Economy, Sense on Cents (Larry Doyle blog) | 12 Comments
On Wall Street, information is everything!! Access to the information is invaluable. Why? Given the speed with which markets move, any early hint of developing news is priceless in terms of the ability to transact quickly and profitably.
Why is ‘high frequency program trading’ viewed with such skepticism? Select participants with advanced computer programs gain access [...]
By Larry Doyle on Jul 9, 2009 in Banking Institutions, Banks, Credit Card Companies, Economy, Sense on Cents (Larry Doyle blog) | 21 Comments
Is there truly any reason to trust financial institutions these days?
Developments within the credit card space have exposed the true colors of these institutions . . . not that there was ever any doubt. Recall how consumer outrage at rapidly rising interest rates on credit cards pressured Washington to rein in the usurious business practices [...]
By Rabble Rouser Reverend Amy on May 21, 2009 in Auto Industry, Bailouts, Bank Bailouts, Bank Nationalization, Banks, California, Credit Card Companies, Credit Risk, Current Affairs, General Motors & Chrysler, Michigan, Stimulus Plan, SusanUnPC, Tax stimulus package, U.S. Treasury | 22 Comments
I saw the following video Tuesday morning, and could scarcely believe my eyes:
By Pat Racimora on May 19, 2009 in American Consumers, Credit Card Companies, Credit Risk, Economy | 21 Comments
“Usurers” is a dirty word. In dark streets, we call them “loan sharks.” Otherwise we call them “credit card companies.” It’s shocking that the interest they can charge along with the other little gouging games they play are legal. But we do have little stones to toss at this Goliath…
By Uppity Woman on May 19, 2009 in American Consumers, Banks, Credit Card Companies, Credit Risk, Economy | 22 Comments
The Senate is getting ready to address the bill that was initially intended but they broke their promise to rein in thieving credit card companies that have taken to arbitrarily punishing good, reliable customers for their own bad management and greed. But don’t expect much So what else is new? from Congress. [...]
By Pat Racimora on May 12, 2009 in American Consumers, Bank Bailouts, Bank Failure, Credit Card Companies, Depression, Economy | 50 Comments
An optimist has been defined as one who would, should a ton of crap be dumped on his doorstep, jump right in and rummage through it, convinced that there must be a pony in there somewhere. I tend towards optimism.
So, while not for one second denying that millions of citizens have been [...]
By Uppity Woman on Apr 25, 2009 in American Consumers, Banking Institutions, Credit Card Companies, Larry Summers, President Barack Obama | 47 Comments
Pretty much everyone you know has already been gouged by credit card companies while the Band Played On.
Congress said nothing, the President said nothing. Nobody stopped every major credit card company in the USA from screwing with everyone’s credit scores by cranking up their interest rates in mid-stream and offering customers no options other than [...]
By Larry Doyle on Mar 24, 2009 in American Consumers, Banking Institutions, Credit Card Companies, Economy, Hedge Funds, Insurance Policies & Industry, Sense on Cents (Larry Doyle blog), Wall Street | 26 Comments
I have written at length about the problems within the banking, insurance, hedge fund, and consumer finance industries over the last 6 months. While the bulk of the media focus has been on the banking industry - and primarily the large money center banks - the erosion in asset values at these other financial companies [...]
By SusanUnPC on Mar 5, 2009 in Credit Card Companies, Home Loan, Housing & Housing Crisis | 10 Comments
Aired on CNN on Sunday, and captured by the always resourceful CheneyWatch.org main man who keeps our NoQuarter YouTube channel full of fascinating videos that you’ll want to visit and check out.
I LOVE SUZY’s STORY ABOUT HER DRIVER JOHN! JOHN is not a dead-beat, a bum, a liar or a cheat! Yet he is on [...]
By Larry Doyle on Mar 3, 2009 in Banking Institutions, Commerce, Credit Card Companies, Credit Risk, Current Affairs, Economy, Employment, Equity Markets, European Union, Global Finance, Sense on Cents (Larry Doyle blog), Wall Street | 20 Comments
In very short order, I have gained a deep respect and regard for our Economic All-Star, John Mauldin. I have come to appreciate that Mauldin and I view the market through the same lens focused on the global economy. While many media outlets focus on the day to day, if not hour to hour [...]
By Larry Doyle on Feb 21, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Bernie Madoff, Congress (House & Senate), Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Tax stimulus package, Wall Street, Workers | 59 Comments
With the market making new lows for the year, global economies showing increasing signs of distress, and new programs emanating from Washington, where does one find some sanity around here??
We’ll be departing from “LD’s Central Station” on Saturday at 9:00 am EST until 12 noon to attempt to put some clarity into this madness!! [...]
By Larry Doyle on Feb 8, 2009 in American Consumers, Banking Institutions, Credit Card Companies, Current Affairs, Economic Stimulus, Economy, Home Loan, Housing & Housing Crisis, No Quarter Blog, NoQuarter Radio, stimulus tax package | 2 Comments
(BUMPED DOWN - PROGRAM OVER. Click on the image to listen via BTR, or use our instructions for iTunes in the right column!)
Join me and my special guest in minutes, from 8:00 to 9:00 p.m. ET as we discuss a wide array of financial and economic issues from Wall Street and around the world. [...]
By Larry Doyle on Feb 7, 2009 in American Consumers, Bank Nationalization, Banking Institutions, Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Housing & Housing Crisis, Mortgage Crisis, Real Estate, Tax stimulus package | 56 Comments
We will have our regularly scheduled 9:00 a.m. Saturday departure from Central Station.
The tracks remain steeply sloped with many curves along the way. With all eyes and ears and hearts focused on the wide range of developments in the economy, the markets, and the world of global finance we have added a few extra [...]
By SusanUnPC on Jan 24, 2009 in American Consumers, Bank Nationalization, Credit Card Companies, Economy | 1 Comment
LD’s “Grand Central” Q&A is coming up at 9:00 a.m. ET. In LD’s thread, you can ask him a wide range of questions about the economy and your personal finances. He’ll be available from 9:00 to noon ET today.
So, here’s a warm-up of possible topics from a range of news services:
From [...]
By Larry Doyle on Jan 17, 2009 in American Consumers, Auto Industry, Banking Institutions, Bernie Madoff, Credit Card Companies, Current Affairs, Earmarks, Economic Stimulus, Economy, Infrastructure, Insurance Policies & Industry, Real Estate, Retail Businesses | 38 Comments
The station is filling up as the weather outside is getting very blustery.
The markets and economy remain turbulent. Economies overseas are also in the midst of stormy weather.
Banks are flooded with bad loans. The auto industry is praying for an Obama lifeline!
Residential housing and commercial real estate continue to take on water.
Where [...]
By NoQuarterLive on Nov 23, 2008 in Credit Card Companies, Current Affairs, Economic Stimulus, Economy, Home Loan, Housing & Housing Crisis, No Quarter Blog, NoQuarter Radio | 12 Comments
One of LD’s missions tonight will be to help us — each of us in our own personal lives and checking accounts and credit card bills and portfolios and 401Ks — avoid the scenario in that image (borrowed from Uppity) to your left. He chose this title for his new NoQuarter Radio show:
No [...]
By SusanUnPC on Nov 22, 2008 in Credit Card Companies, Economic Stimulus, Economy, No Quarter Blog, NoQuarter Radio | 7 Comments
Tomorrow night — at 8:00 p.m. ET — you’re set for an exceptional new radio program through No Quarter’s channel at BlogTalkRadio.com:
Get an hour’s worth of common sense about the economy, the markets, Wall St. and Main St. with “LD,” a Wall St. veteran and NoQuarterUSA blog’s financial whiz. Call in Sunday night, 8 p.m. [...]
By Larry Doyle on Nov 11, 2008 in American Consumers, Banking Institutions, Barack Obama, China, Credit Card Companies, Current Affairs, Dubai, Economic Stimulus, Economy, Mortgage Crisis, Real Estate, Retail Businesses, Workers | 49 Comments
I will admit that, given the current dynamics at work in the economy and the markets, I have become somewhat numbed as to the magnitude of some of the developments. Many of the highlights that I will offer from yesterday’s news would be enormous stories in and of themselves. Taken collectively, they do become overwhelming [...]
By Larry Doyle on Nov 8, 2008 in Credit Card Companies, Current Affairs, Economy, Home Loan, Housing & Housing Crisis, Unemployment, Zbigniew Brzezinski | 16 Comments
The highly anticipated October employment report came in as follows:
unemployment rate
6.5% up from 6.1%
non-farm payrolls
-240k jobs vs consensus estimate of -200k
September revision
a loss of 284k jobs from initial [...]
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By Sarah Palin (Release date: November 17. 2009)
