Break up the big banks — now
Written by Jessica Clark on April 29, 2010 – 4:48 pmLast week, Democratic Sens. Sherrod Brown and Ted Kaufman introduced a bill that would break up the biggest financial institutions and cap bank size so that they can never get so big again. Senate Banking Committee Chairman Christopher Dodd hasn’t yet bought it, the Obama administration hasn’t bought it, and the biggest banks aren’t keen on it. might be the single most important piece of financial reform legislation under consideration, and it’s the only legislation on the table that could protect against what should be our two biggest worries:
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Another major meltdown driven by financial institutions that aren’t worried about failure.
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An economy run by uncompetitive, enormous financial institutions that distort the market because they are too big to be bothered to compete.
Typically, when confronted with the prospect of breaking up big banks, bankers and their apologists argue that socially useful economies of scale are endangered.
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Should You Purchase Brand Name Printer Cartridges
Written by Robert White on April 29, 2010 – 5:02 amWhen you’re in the imaging business, it’s indispensable to get laser printers that would give consumers the quality printout that they ought to have. Whether consumers would like 10 -inch posters or 50 -inch signs, it’s always important to have the tools to bring into being pictures and imagery that respect your customers’ specs. This is when the Epson line up of photo printers and photo printer cartridge could be one of the most dependable equipment that you may have in the organization.
The appeal of Epson laser printer cartridges comes in 3 inspired basic technologies applied to the ink system, print heads and algorithmic control unit of the printers. The fir
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Papandreou Wants Nation To Prepare For New Austerity Measures
Written by Jessica Clark on April 29, 2010 – 2:15 am() - Greek Prime Minister George Papandreou on Friday said his debt-stricken country may need to take further austerity measures in return to the joint financial aid from the Eurozone and the International Monetary Fund.
Speaking in Parliament, Papandreou said the measures are economic measures and are necessary for the “protection of our country”. His statement comes as talks between the European Union, the European Central Bank and the IMF, reportedly neared a conclusion on a proposed bailout package for Athens. Other euro area members and the IMF have offered EUR 45 billion funds this year and the amount is widely expected to be increased to EUR 100-EUR 120 billion for a three-year period. < Full Article…
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Primerica Life Insurance Company: The Truth about Primerica
Written by Jessica Clark on April 28, 2010 – 11:33 amThere are two ways to discover the financial stability of your life insurance company: (1) die; (2) research the company’s financial strength. I prefer the latter (if you prefer the former, you may not want to mention it when applying for coverage).
A.M. Best, a full service credit-rating organization, has given Primerica a superior (A+) financial rating. According to Reuters, A.M. Best bases its rating on Primerica’s “leading position in the U.S. term life insurance marketplace, strong risk-adjusted capitalization and favorable liquidity profile,”* which in English means if you die, they have the money to pay.
Primerica Life Insurance Company is a subsidiary of Citigroup.
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FMC Corporation’s Board Declares Quarterly Dividend
Written by Jessica Clark on April 26, 2010 – 2:22 pmPHILADELPHIA, April 27 /PRNewswire-FirstCall/ — FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 12.5 cents per share, payable on July 15, 2010, to shareholders of record at the close of business on June 30, 2010.
FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. The company employs approximately 4,800 people throughout the world.
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