Fed Pours Huge Sums Into Foreign Bank Coffers
We noted even before the TARP bailout law was signed into law that bailout moneys could flow to foreign banks.
We were right. A large percentage of the bailouts went to foreign banks (and see this). And so did ahuge portion of the money from quantitative easing. More here and here.
Ron Paul noted in 2011 that essentially 100% of New York Federal Reserve Bank loans went to foreign banks.
A former high-level Federal Reserve official said that the [...]
Through a series of partial solutions, European leaders managed to navigate through the debt crisis so far and not get engulfed by its flames, but overall the risk still there that the winds of the crisis can suddenly intensify without any previous warning, says TD Bank in a note.
Read more: http://www.efxnews.com/story/13295/euro-crisis-winds-can-suddenly-intensify-without-warning-td-bank
Imagine withdrawing money from a bank and then finding out that the money is counterfeit and cannot be refunded.
That recently happened to William Hagman, 68, of Morris Plains, New Jersey,the New Jersey Star-Ledger reports.
This article has been updated with a comment from Hagman to The Huffington Post.
Hagman withdrew $2,500 from his savings account at TD Bank in February, according to the Star-Ledger. Then he went to Bank of America to deposit the money, only [...]
Patrick Brown, executive director of the Greater Burlington Multicultural Resource Center, peeks into the windows of TD Bank in Burlington on Monday during a protest against the bank remaining open on Martin Luther King Day on Monday Jan. 16, 2012. / EMILY McMANAMY, Free Press
After a Martin Luther King Jr. Day observance at Burlington’s City Hall Contois Auditorium Monday, about a dozen demonstrators marched on the TD Bank branch [...]
The new fees could be especially costly for people who withdraw cash from another bank’s ATM. Chase is now charging Illinois residents $5 every time a non-customer withdraws money from a Chase ATM. That’s in addition to any fees charged by the customer’s bank.
“Wow. That’s steep,” says Gerri Detweiler, Credit.com’s personal finance expert. “Even if you take out $100 at a time, that’s still an expensive [...]