Bank Blog

I need to find a bank for my personal banking needs. However, since I live in two different states at different times of the year, I need to have the bank easily accessible from both locations. I want to find a bank that is available in the Twin Cities as well as in the far south suburbs of Chicago.

Does anyone know of any possibilities?

By: Mr. M

Here’s my plan:

1. No more free bailout money for anyone. Instead, US government gives banks vouchers to loan money to private businesses. The banks must loan the taxpayers’ money within 120 days to a credit worthy (independent rating) business or they lose the voucher. The bank must have a stake in the creditworthiness and debt repayment of the commercial borrower (perhaps by withholding percentage of earned commission over time). Essentially, the banks become accountable, commission-based middlemen for government loans.

2. Government demolishes vacant homes in ‘designated’ housing crisis cities such as Stockton, Tampa, Phoenix, and Las Vegas. The HUD secretary should convene a meeting of city mayors to come up with a plan to condemn vacant homes and blighted properties, and to ratchet up building code enforcement to remove questionable vacant homes from the market.

3. Cut capital gains tax to zero until December 31, 2010. That’s right. No one pays one cent of capital gains tax on any capital gains earned from January 1, 2009 to December 31, 2010. However, short swing transactions still pay ordinary income tax rate to discourage short selling and speculation. Thereafter, phase back tax increases until they return to current capital gains tax rate of fifteen percent.

In addition, after 2010, no capital gains tax break for foreign companies and foreign entities. If you want to gamble in the U.S stock market, you have to pay the vig to Uncle Sam starting in 2011.

4. Extend unemployment insurance benefits for six months.

5. Methodical and rational troop draw down in Iraq to save US taxpayers up to $10 billion dollars per month. Apply some of the saved money towards giant infrastructure and public works programs here in U.S.

6. Repeal the Bankruptcy Reform Act’s means test provisions. Allow Chapter 7 petitioners to discharge all debts owed to creditors, and not be forced into Chapter 13 reorganization plans.

7. Prohibit all foreign companies from bidding on government contracts until 2012.

By: W.C. Felcher

Consider a small city-state with a central bank, which conducts monetary policy, and just one commercial bank, First City Bank, where customers can open demand deposit accounts. The table below shows the T-account for First City Bank. People have $500,000 in demand deposits at First City and $100,000 worth of city-state bonds. The bonds are not part of the money supply. Use this information to answer the following questions.

Assets Liabilities

Reserves $100,000 Deposits $500,000
Loans $400,000

10.5. Again, after the central bank buys bonds from the public, people deposit the $50,000 in proceeds in their accounts at First City Bank. Assuming the bank holds no excess reserves and all loans are redeposited in the bank, by how much will the money supply have increased after the money multiplier process is complete?

A. $500,000
B. $50,000
C. $800,000
D. $250,000
show me how to do this please.

By: cross_moon46

Did it say in the book? Is it possible to work out from the film?

We know Mr Banks walked to work in the City. We know its fiction and Cherry Tree Lane doesn’t exist. However is must be based on an area, and we know its next to a park.

By: SpoonfulofSugar

What is the best lender for my student loans and what criteria should I base my choice off of?
These are the ones I have to choose from:
national city bank
chase keystone best
citibank
edamerica inc
citizens bank of PA
wachovia education finance
suntrust education loans
PNC bank

thanks

By: Emily W

I live in Philadelphia, and we have two relatively new stadiums (Lincoln Financial Field and Citizens Bank Park). I was wondering how come the newer stadiums are built without roofs? I’m sick of seeing baseball games have to be canceled/ postponed because of rain. There is absolutely no reason why the franchise/ cities cant pay for a roof.

By: Trippy Boy