Tag Archives: financial regulations

When the banks whine, watch your wallet

Big banks have done lots moaning lately. Every day, it seems, bankers are boo-hooing
PAULSON+MONEY.jpgabout financial regulations cutting into their profits. The bigger the bank the louder the sobs.

To replace lost revenues banks are charging new fees and eliminating services that previously were free. Sometimes the new fees spark a hail-storm of protest and the banks back off. Like last year’s failed debit card fee.

But are the banks really as bad off as they want us to believe?

In a word, no.

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Why financial reform bill has been delayed

In a report published today, ProPublica takes a look what’s delayed implementation of the Dodd-Frank financial reform bill.

You won’t be surprised to learn that politics and bureaucracy have gotten in the way.

Coincidentally, Sen. Bob Corker, R-Tennessee, is in Knoxville today to talk about the nation’s financial challenges.

Here’s an excerpt from the ProPublica report:

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