Fire Your Bank
(Money • )
From the Splattastic project, it seems Americans now pay more for bank “overdraft protection” than they do fresh vegetables – $24 billion in overdraft fees in 2008.
Add the latest insult to other seamy banking practices, and maybe it’s time to go shopping for a financial institution willing to treat you as an actual customer. If you think you might be rowing that boat, here’s a primer on how to go bank shopping.
→ B.Dunn, Oct 08, 2009, 10 58 am
In Case You Were Considering Becoming A Day Trader
(Money • )
Don’t.
Julian Delasantellis pulls the covers off just one stock market trading advantage Goldman Sachs enjoys all day, every day, that you and your company don’t: its high-frequency-trading computer set-up. Legal? Ethical?
Except for Goldman and a handful of other Players, we’re all suckers in this market. Delasantellis’ bottom line:
The contrast between NASA’s crappy space toilets and Goldman’s Midas-capable computers perfectly illustrates the public policy choices America has made these past few years. Private consumption and investment that benefits only the few is considered glorious, while public consumption, from small communities cutting math and science instruction so they can fully fund the school football team, all the way to paltry national support for basic scientific research, is forever the hungry orphan with an empty plate always begging for more.
I think that pretty much sums it up.
→ B.Dunn, Oct 07, 2009, 09 47 am
