Fox Lake Towing and Recovery

Tag: Federal Reserve

Why You’re 45% Poorer and What You Can Do About It

by on Mar.25, 2011, under Towing

The average American household suffered a huge drop in wealth because of the financial crisis, according to a survey released by the Federal Reserve. How did this happen — and more importantly, what can you do about it?

Continue reading Why You’re 45% Poorer and What You Can Do About It

Why You’re 45% Poorer and What You Can Do About It originally appeared on DailyFinance on Fri, 25 Mar 2011 14:00:00.

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Why Is the Fed Letting Banks Boost Dividends?

by on Mar.21, 2011, under Towing

Why Is the Fed Letting Banks Boost Dividends?

The Fed’s decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called “stress tests” are secret. Based on facts that are public knowledge, the banks are actually insolvent, and in danger of sinking much further.

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Why Is the Fed Letting Banks Boost Dividends? originally appeared on DailyFinance on Mon, 21 Mar 2011 11:30:00.

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Say Goodbye to Free Checking and Hello to New Bank Fees

by on Mar.18, 2011, under Towing

The era of free checking accounts is coming to an end. Many consumers will face an extra $144 a year in account fees, plus higher dues for their debit cars, and increased ATM charges, too. It’s all part of a banking industry backlash against last year’s consumer friendly financial reforms.

Continue reading Say Goodbye to Free Checking and Hello to New Bank Fees

Say Goodbye to Free Checking and Hello to New Bank Fees originally appeared on DailyFinance on Fri, 18 Mar 2011 06:30:00.

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