Bob Herbert has a great piece today tearing about one of the problems I have with the health care bill – the Cadillac tax. First off is Bob’s explanation of the system: The tax would kick in on plans exceeding $23,000 annually for family coverage and $8,500 for individuals, starting in 2013. In the first […]
This is why we also need banking reform: US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s, according to research. The fees are nearly double those reported in 2000. […]
The entire UBS mess is getting even uglier, and by uglier I mean better: The curtain is being peeled back on the infamous secrecy of Swiss banks. The largest bank in Switzerland, UBS, agreed Wednesday to reveal the names of wealthy Americans whom the authorities suspect of using offshore accounts to evade taxes. The change […]
Matt Drudge will never change, and is still at it when it comes to trying to misinterpret headlines into something that might enrage the right wing. Here’s the latest example: So HuffPo is getting a “bailout”? Is she part of the financial sector or auto industry? The answer to both is of course “no”. Instead […]