A friend asked about my thoughts on Ms Schiller and NPR

Bottom line is you are right it is very sad,  We need to stop hurting each other. The banks are crying about possibly losing $20.5 billion dollars because the new consumer safety bill will reduce their profit from debit card transactions from $0.44 to $0.12 per transaction.  The Banks could probably cover that if they […]

Where's That Guy When We Really Need Him?

In addition to the fees they charge for loans, fees (often 20+%) they charge on credit cards, fees they charge for checking accounts, Bank of America, J P Morgan Chase, U S Bancorp, Citigroup make $20.5 billion off of the use of debit cards.  This $20.5 billion is “free money.” The debit cards automatically transfer […]

There Is Something You Need To Do.

The last thing GW did was to pass on to the banks a free, no strings, no oversight gift of $700,000,000,000 [that’s $700 billion] of your hard earned tax dollars.  Because we did not actually have any $$$ in the bank, as it were, he borrowed the money from the Chinese to do it.  You […]

New RFID in cell phones aims to get access to your social networks

There are several new phones coming out next year that will have RFID stickers on them, enabling you to pay for your purchases with just a swipe of your cell phone. It all sounds convenient until you learn that retailers want access to your cellphones and social networks for marketing purposes. When users pay for […]