If you read that your credit card has "two-cycle billing," would you know what that meant? Could you call your credit card issuer and contest the charge if you suspected it was unfairly applied? I'm decently educated, but I have to read these things three and four times to get the gist.
On August 13, 2010 Rep. Maxine Waters (D-CA) read a statement and answered questions on ethics charges brought against her by the Office of Congressional Ethics (OCE). The OCE alleges that she inappropriately used her office to secure a meeting regarding what would later become TARP funding for OneUnited -- a bank her husband was a board member of from 2004 to 2008 and was a stock holder in at the time of the meeting.
See this video for a summary of Rep. Waters' remarks.
Not surprisingly there was considerable backlash against Norway’s 2003 law mandating that women make up 40 percent of corporate boards (see April 19 blog “Addressing Corporate Fraud: Norway’s 40% Solution”). The most common objection was that there were insufficient qualified women in Norway. In fact one male executive complained that boards would have to recruit “escorts” to meet the quota....more
Our runaway government is at it again: on Friday Senate Bill 3217 - the Restoring American Financial Stability Act of 2010 - is scheduled to hit the floor of the US Senate. After 72 hours it comes up for a full vote. You can read the entire 1,421 page bill HERE. ...more
The economic collapse of October 2008 was neither an accident nor a simple matter of recklessness and greed. William Black, the former senior deputy counsel at the federal Office of Thrift Supervision, has thoroughly documented the epidemic of mortgage loan fraud, accounting fraud and credit rating fraud that was ultimately responsible for the global banking collapse....more
I am quite concerned about the apparent confusion in the mainstream media between “feminism” and women’s rights and affirmative action. As a consequence media coverage of women’s rights seems narrowly focused on issues that concern upper middle class women – for example progress in appointing more women to high status positions (for example the increase in women doctors, lawyers, judges, CEOs, etc)....more
The US House of Representatives passed HR 4173, the Wall Street Reform and Consumer Protection Act of 2009, a sweeping financial reform bill Friday that would chage an array of credit, lending and investing practices, set new rules for financial services companies deemed "too big to fail," and create a powerful new federal agency to regulate financial agencies on behalf of consumers. Supporters, including Pres....more
There's been more than a little tongue-in-cheek conjecture that if the "boys" had listened to the "girls" or if "girls" had been in charge, our financial structures wouldn't be in meltdown mode today and our economy wouldn't be in the tank.
Let me be clear, as the President often says. I am not an economist; I’ve never taken a course in economics; I’m very good at saving money and spending it, but not at earning it in any significant quantity.