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March 19, 2010
Access Denied: Citibank Warns Customers of New Withdrawal Policy

Late last month, Citigroup sent notifications to their customers across America informing them that they may be required to submit an advanced notice of seven days if they want to withdraw money from their bank accounts.

Late last month, Citigroup sent notifications to their customers across America informing them that they may be required to submit an advanced notice of seven days if they want to withdraw money from their bank accounts.

After the announcement of the policy to take effect on April 1, John Carney of the Business Insider stated that “the image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind...”.

March 19, 2010
Shifting the Balance of Power Back to the Consumer

Effective last month, the Credit Card Bill Reform which President Obama signed last year went into effect. To mark the occasion, a live chat was held through CreditCards.com with Austan Goolsbee of the Council of Economic Advisers.

Effective last month, the Credit Card Bill Reform which President Obama signed last year went into effect. To mark the occasion, a live chat was held through CreditCards.com with Austan Goolsbee of the Council of Economic Advisers. The law that President Obama signed last May shields card users from sudden interest rate hikes, excessive fees and other gimmicks that card companies have used to drive up profits. According to the Pew Charitable Trust, a company that tracks credit card issues, consumers will save at least $10 billion a year from curbs on interest rate increases alone.

January 10, 2010
How Goldman Sachs Made Tens of Billions of Dollars from the Economic Collapse of America

Investment banking giant Goldman Sachs has become perhaps the most prominent symbol for everything that is wrong with the U.S. financial system, but most Americans cannot even begin to explain what they do or how they have made tens of billions of dollars from the economic collapse of America.

Investment banking giant Goldman Sachs has become perhaps the most prominent symbol for everything that is wrong with the U.S.

January 10, 2010
How Goldman Sachs Made Tens of Billions of Dollars from the Economic Collapse of America

Investment banking giant Goldman Sachs has become perhaps the most prominent symbol for everything that is wrong with the U.S. financial system, but most Americans cannot even begin to explain what they do or how they have made tens of billions of dollars from the economic collapse of America.

Investment banking giant Goldman Sachs has become perhaps the most prominent symbol for everything that is wrong with the U.S.